Westminster Share Discussion Threads

[daicaprice] 10/5/2018 16:47

It does SW but they should have had it all signed up well before now.

DC

[shirley83] 10/5/2018 16:35

OOOPS disaster..

[jailbird] 10/5/2018 16:35

LolRead RNS You could not make this upOpp for Co to dilute further It was never gonna happen anyway

[still waiting] 10/5/2018 16:31

ferry, ebola and then iran..

bad news seems to follow this stock.

[on target] 10/5/2018 16:30

Good news - the contract has been signed and we'll now tell you the location!
Bad news - it's in Iran!!!!

[still waiting] 10/5/2018 16:29

not a nice rns

[blondviking] 10/5/2018 16:29

Trump has a lot to answer for!!

[nowenterprise] 10/5/2018 11:13

Nice price action this AM at least. Will it head back to low 20's before the big RNS? I wonder ...

[graham1ty] 09/5/2018 07:14

Has everyone lost interest ? Nothing for a week. And as they keep saying on LSE, the longer we wait for the ME contract, the more likely it is to happen.

We have waited 20 years for Tim Henman to win Wimbledon, and he hasn’t yet so this MUST be his year

[saucepan] 02/5/2018 19:53

Perhaps "imminent" in the sense that Peter Fowler uses the word?

[deanowls] 02/5/2018 18:37

Imminent lol. Two weeks till Ramadan and the Middle East will shut for three months.

[nowenterprise] 02/5/2018 17:09

It now feels imminent.

Also, from a post by hereandnow on lse forum:

---
Internal process (Today 15:30)

We know it is the Middle East. We know that everything has been agreed. We have been told how drawn out and bureaucratic the whole process is. Multiple agencies, departments, internal and external. We await one final internal process. Most evidence points to Oman.

Well today in Oman The Sultan is addressing/meeting with his council of ministers, state and shuria councils. All the layers of government. He addresses them once a year. He is still very much in charge. Perhaps today is the beginning of the end of this internal process? Check out this twitter thread,



and this helps explain how things work out there



one of the tweets

'His Highness Mr. Fahad bin Mahmoud al-Saeed: The Council of Ministers is continuously examining the matters raised by the Council of Oman and is following first and foremost the implementation of projects and the fulfilment of requirements'
---

[threeputt] 02/5/2018 14:32

a) errr.... £0
b) and errr.... £0

you forgot ME, I believe thats also a errr..... £0

I wish I knew how much the updront payment received was for their recent tech contract, as potentially the outlay wsg nned to pay themselves may exceed this and therefore answer the 'p' question they want to hear on the other side. I wouldnt put it past them to have negotiated a poor staged payment criteria

[kreature] 02/5/2018 12:50

would someone give me a quick update on revenues so far from the bigger ferry boat and the new EA airport? Thanks in advance

[pjj71] 02/5/2018 12:14

not worth touching until 12p.. as i have stated many times...

[hippo] 30/4/2018 18:26

Lol....yes heard Peter Fowler in the middle East....

[graham1ty] 30/4/2018 15:44

I cannot believe all the negativity on this Board. It has only been six years since the EA MOU. Just have a little patience. The ME LOI is only two years ago, and you cannot expect even a world class company to convert a contract in less than two years. Some shareholders are so short term. It is perfectly normal to have to wait for ever.

Think on the plus side. If we all die before there is any news, at least the shares will be Inheritance Tax free.

I am sure it will be next week

[youkme] 29/4/2018 22:20

Nop. But shows how good at conversion this lot are. EA is still alive though so good news lol
Please stick around though if this doesnt happen within the next few weeks/months years unlike every other.
This BB needs bulls with the knowledge you bring

[only1gibbo] 29/4/2018 22:15

Yes I know, but thankfully the ME contract isn't dependent upon the EA contract being signed. The two events are totally independent of each other.

[youkme] 29/4/2018 21:01

EA contract was meant to happen 6 years ago. It didn’t

[only1gibbo] 29/4/2018 19:53

Of course a placing to clear the CLNs is possible. Aliens landing from outer space next week is possible. But just because it is possible doesn’t mean it is likely to happen.

If they undertook a placing to clear the CLNs, the Company would then be debt free. How many companies can you name that finance themselves in that fashion? Not many I suspect. The reality is in addition to rolling over the CLNs, there is also the option of borrowing from other sources without conversion rights, perhaps just on a short term basis until the ME contract is signed and longer term debt funding is introduced.

If a placing to clear the CLNs were planned I suspect they would already have done so when the price spiked after the December announcement. The fact that they didn’t strongly suggests to me that they have alternative plans up their sleeves.

If I were a CLN holder, I’d be more worried about the CLNs maturing before the ME contract is signed. I don’t think I would be insisting on repayment with the potential gains to be made once that is finalised.

[youkme] 29/4/2018 09:04

Yes, all good points.
Equally though surely,
Placing is possible, CLN holders could insist on repayment.
Can't rule out Darwin either imo.
Renegotiate the CLNs is an interesting one and as you say if the bond holders have some info available to them then the new price will be all telling imo.
40p you say graham says 25p; price will tell us all we need to know in that case
And last but not least if the share price is above 35p then its easy.