Westminster Share Discussion Threads

[threeputt] 17/7/2018 23:48

Actually much as I'm a bear here that was my first thought also sclper, wouldn't bet against a shortage of cash however......

[sclper] 17/7/2018 21:56

I don't think TW did much research on this. For a start he is clearly not aware of the $4.5 million contract that was awarded at the end of April. He just wanted to write a negatie article about Baldry

[youkme] 17/7/2018 19:09

Interesting article in shareprophets

“Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone....

The company managed to postpone repayment of its £2.245 million long term debts in June, but only by a year and it is now paying 12% interest in that debt. And it is still burning cash at an operational level. Though it boasted cash of £700,000 as at May 1. – the implied cashburn in the first five months of the year was £500,000 and net current assets at May 1 were almost certainly closer to £300,000 than £400,000. Which means that as things stand net current assets could well be negative by September.

Raising cash, especially when you are running on fumes, will be tough in holiday plagued August and that means that Westminster must either pass the hat around very soon or leave until the wire in September. What is the betting that recent share price weakness is caused by low grade broker share price Angel scuttling around the bucket shops asking just how enormous a discount they will demand for bailing out Baldry & the sinking Westminster ship once again?

Westminster is now a bucket shop only company. The next placing has to be at a brutal discount. Keep selling.”

[graham1ty] 17/7/2018 16:37

TW having a go at WSG and Baldry on shareprophets. For once, I agree with him.

As there must be a myriad of rampers desperate to get out, almost at any price, I am amazed this has not fallen further

[dbnout76] 17/7/2018 13:07

Unbelievable shambles!!!!

[threeputt] 16/7/2018 14:36

'Fraid not Jose

[wynterwilde] 16/7/2018 08:18

This thread is an echo chamber of empty vessels clanging around, lost in the dark....😂
28514;😂€514;.

I can see why you're annoyed....not much left here for shorters and no one ramping for you traders.....oh well.....ce la vie....

[dbnout76] 16/7/2018 07:32

Is there anything positive left in this???

[graham1ty] 13/7/2018 10:22

Oops, traded below par

[kreature] 13/7/2018 01:52

Things should improve once the propeller gets fixed IMO

[threeputt] 12/7/2018 22:18

not sure, wouldn't they need to want to raise funds to call an egm under par ?

[youkme] 12/7/2018 17:24

EGM anyone

[graham1ty] 10/7/2018 07:30

I am surprised this is not weaker. All the rampers have gone from LSE and I cannot believe people want to hold on. The die hards will hang on as it is now just pin money.

But the slightest selling and.......

[youkme] 07/7/2018 19:43

Na. Ramping has started. Iran contract is on pmsl

[graham1ty] 04/7/2018 11:42

This is going below nominal value very soon. Help.

[youkme] 03/7/2018 15:11

WSG on ShareProphets today, anyone subscribe?

[kreature] 03/7/2018 14:38

Or perhaps it's the propeller shaft ?

[kreature] 02/7/2018 09:00

Any news on the propeller ?

[saucepan] 28/6/2018 23:14

BroncoWarrior: see link in post 1324.

[youkme] 28/6/2018 23:00

Ok bronco. Good luck.
I would re read about the “quality posh board” though. Seriously

[youkme] 26/6/2018 22:19

Really?! Just waffle once again imo
Tell me Bronco, what do you see happening here? Let’s say 6 months, in fact you pick a timescale, anyone will do.
700% dilution in 7 years to date.

[broncowarrior] 26/6/2018 16:15

Thought it was a pretty good statement. Far more detail than previously.

[catch007] 26/6/2018 10:46

Graham1TY ….your AGM statement was pretty accurate!