Westminster Share Discussion Threads

[sclper] 31/1/2018 08:44

You are right, share prices are forward looking. I know the wait has been painful but the company has never been this close to a such a sizeable contract, it even has governmental approval. I am very confident this one will be signed.

[youkme] 31/1/2018 08:40

Theres that word again! "imminent" lolDo you know the EA contract was imminent 5 years ago! History counts for nothing with this company it would seem. Really remarkable how the spin continues. Ferry all but forgotten even though it cost circa 5m as well as considerable dilution and all because they would not listen to an expert JV partner in the field.

[sclper] 31/1/2018 08:32

Just got more confirmation today that the ME contract is imminent so the share price isn't going to get sold off.

Where are the the massive warrants attached? There were only 170k issued to the broker - most PIs hold more shares than that.

[dbnout76] 31/1/2018 08:23

From what I can see they are getting snapped up at this level

[dbnout76] 31/1/2018 08:22

Where is the big fall?

[graham1ty] 31/1/2018 08:02

So, for all the bulls and “it is in the bag” merchants, is a fall to 22 bid deemed a good thing ?

[sclper] 31/1/2018 07:48

Good update. Transformational contract could land any day plus at least one more MOU converted into a signed contract this year.

There weren't any warrants attached to the contract apart from a small amount issued to the broker. If there is a dip it will be bought up very quickly. Who's going to want to be out of this when a contract is about to be signed for over £21 million per annum which is only for phase 1 of the contact.

[youkme] 31/1/2018 07:34

Yes Graham. And thats the point of an alternative view on a share. Hopefully not all newbies listened to IanB about no placing until April!

[pjj71] 31/1/2018 07:25

placing at 22p with massive warrants attached is likely to see a 20/21p open IMO... if it tanks to 17p may be worth a trade...

[twistednik] 31/1/2018 07:24

Hefty? Looks like a small amount of dilution to me. 4% or so not too bad and only a small amount of warrants. Discount wasn’t too hefty either.

Getting equity away at the higher price means there must be a lot of confidence around the new contract. Hopefully now a matter of ‘when’ not ‘if’.

Will probably open lower but will top up if too far below new share issue price.

[youkme] 31/1/2018 07:19

The same raise figure as last few. Another placing in May, along with "contract is close"

[youkme] 31/1/2018 07:17

So IanB- who lied? you or the Company.

[pilkersa] 31/1/2018 07:16

Haven't heard of spangel - anyone know about them?

[graham1ty] 31/1/2018 07:13

Ok, Placing announced at 22p with SPAngel.

[pjj71] 31/1/2018 07:12

Hefty warrants attached too... 21p open???

[graham1ty] 31/1/2018 07:12

Written down the ferries by £2.5m. Does this really mean they expect to get NOTHING for the Sierra Bucket ?

EBITDA loss.

No new contract, though the promise of one more contract signed in 2018 ( well they have seven MOUs that we know about, so does that mean they predict they will NOT sign the other six ?)

Small fundraising now ( but IanB, they lied to you if they said they had all the cash they needed to last until April). And why “later today” as the price could get smashed first thing. So, what do you reckon ? Beaufort at 15p ?

[broncowarrior] 31/1/2018 07:09

Increase in revenue, at least there is some. Burning cash a bit too fast and still waiting that approval, hopefully any day now.Not too bad all in all but another small placing coming, sigh.

[pjj71] 31/1/2018 07:07

Fund raising and massive write down of the ferries... not the news that had been expected!!!

[sclper] 30/1/2018 15:17

I would have thought the trials would utilise the already experienced security staff from the existing airport. It's unlikely that all the existing staff will be made redundant just because the airport is being upgraded.

[graham1ty] 30/1/2018 11:30

It’s Muscat, defo, everyone knows. Now, for a 10m per annum airport, it is obviously quite big. Probably need 500 staff ? Maybe 1000 ? Maybe all actually airport employees and WSG providing just oversight and management. So perhaps just 25 expats and 100 local staff.

And all have been on the wage bill for a few months while the trial has been going on. And all were recruited secretly, with no advertising, no fanfare ( oh, and all sworn to secrecy about where they were off to).

I must applaud WSG for their secrecy. Truly world class

[barpy] 30/1/2018 11:11

Three weeks until the six year duck. Could change tomorrow but still, almost six years without

[youkme] 30/1/2018 11:03

Can't be. IanB said no raise until April and the company told him lol

[bumpa33] 30/1/2018 10:24

been advised that Beaufort are ‘doing the rounds’ currently, expecting a placing here?Just checked the form and stock well offered at KBC, SCAP etc although some liquidity available.

Edit: flurry of buys come in :)

[gybe] 30/1/2018 09:37

Times of Oman (28/01)
"The opening date of the new Muscat International Airport will be announced in the days to come, said a government aviation official on Sunday (January 28)."
"...In the days to come, the operation date of the new Muscat airport will be officially announced,” he added.

All fits with Oman/Muscat - including delays, regional airports, phases, etc. Hope so because it looks like Muscat will become a major hub, and also Oman positioning itself as a tourist destination (I know 3 families that went there in the last 6 months).

I guess signing the contract would depend on successful trials, and actually knowing when the operations start.