Westminster Share Discussion Threads

[youkme] 04/6/2019 14:14

donk7 fair and good post imo

[blondviking] 03/6/2019 09:51

Any views on Financial report which was available from 4.35pm Friday on web page

[graham1ty] 30/5/2019 19:17

Even if Trump/Iran does get sorted, it cannot be a cert that they will get the Iran gig. It has been dragging on so long, the Iranians must be pretty fed up with WSG and their failure to deliver ( even if that was out of their control).

Even if they do get the Iran gig, we have no idea on revenues, costs, margins and whether WSG will be able to get money out of the country.

Lots of ifs

[donk7] 29/5/2019 17:30

Upside: If Trump's ego with some help from Japan mediation produces a deal on Iran then the stock will get a big upturn in sentiment.

Downside: Outstanding loan and high interest rate.
Break clause in SL contract (will Lungi be renewed by SL in 2020? are they negotiating?)
Absence of recurring revenues from anything significant other than SL.


They need to get SL renewed or win another significant recurring revenue contract then the Iran punt is in for free. Very high risk until SL is renewed and something that seems to have been over-looked.

[sandy12345] 28/5/2019 08:22

seems its on the way to 10p...

[graham1ty] 24/5/2019 18:32

It looks like a big purchase, but at 7p is only c£10,000.

A token gesture

[youkme] 24/5/2019 17:24

Directors pay now over £900K. Wake up peeps

[threeputt] 24/5/2019 16:57

I don't like that director buy either, must be his turn to try and get the share price lifted to try and get a placing away by buying what is probably a pitiful percentage of his annual wage, stinks to high heaven to me, hope the attempt fails.

I'm also forecasting that the tech contract announced apr 19 for $3.48m will get can kicked, they are currently forecasting Q4 2019 and.... "The project will commence as soon as export licencing has been granted"

Note to myself, must stop hating but feel compelled to air what I believe, this lot just make me sick unfortunately

[threeputt] 24/5/2019 14:30

rns from Redhall today, could so easily be reading this as the next rns here:

"It is now clear that there is no reasonable prospect that a viable solution for additional funding capacity can be found and the Board is now investigating all alternative options to optimise value for the Company's stakeholders."

[sandy12345] 24/5/2019 11:21

here we are! so predictable...

[sandy12345] 24/5/2019 08:47

...and once again will head towards 10p!! bought a few for the ride.

[this_is_me] 24/5/2019 08:00

Cash and cash equivalents of GBP0.3m at 31 December 2018 compared with GBP0.4m at 31 December 2017.



-- Revenues up by 24% to GBP6.7m (2017: GBP5.4m) - despite revenues of GBP2.2m relating to the Middle East project slipping from Q4 2018 to Q1 2019
-- Third consecutive year of growth double digit revenue growth
-- EBITDA loss of GBP0.38m (2017: loss GBP1.23m)
-- Total Equity / Net Assets grew from GBP0.1m in 2017 to GBP1.1m in 2018

Post period End:
-- 2019 commenced on a strong and profitable note with Q1 orders and revenues ahead of budget
-- Q1 2019 passenger numbers for our West Africa airport operations were at record levels
-- Completed balance of $4.5 million USD Middle East screening contract secured in 2018

[threeputt] 24/5/2019 07:41

all great with increased revenue blah blah, but a distinct no mention of current cash situation or a future cash break even target. Uninvestable

[this_is_me] 24/5/2019 07:35

A positive set of results with increased revenue reduced losses and improved prospects. Even without the Iranian contract progressing prospects have continued to improve.

[graham1ty] 22/5/2019 21:36

Do wonder whether there is an issue with the auditor even signing this off as a going concern ? Haemorrhaging cash, a CLN that will never be repaid, continuing losses.

[hairballradical] 22/5/2019 19:25

Honestly?

Who pays 15% in this climate? Desperate people and desperate companies.

I've been in and out of WSG over the years and currently out, and delighted, what a shockingly badly run business. So may Directors should be in court for fraud, just look at all the construction companies who borrowed to pay dividends when there was no profit to pay out from. Disgraceful.

HBR

[graham1ty] 22/5/2019 09:07

So, the cost of the CLN goes up to £330,000 ( 15% on £2.2m) which WSG can hardly afford.

The statement says nothing about the current cash position. Which will be shrinking all the time.

[youkme] 22/5/2019 08:15

just lol 15% pmsl !!!

[this_is_me] 22/5/2019 07:43

All brokers seem to be increasing their charges at present, probably because they are not making any money from online people like us. Stick to where you are, at least until the dust settles, and then go for value rather than price.

More promising update from WSG this morning. Might even go EBITDA, if not this 2018 then 2019.

[carlsagan1] 19/5/2019 11:44

My broker Interactive Investor have decided to up there fees again I see.

If anybody can recommend a cheaper broker plz do so.

I am considering going to iweb-sharedealing(Halifax) for a fixed £5 a trade or X-O(Jarvis) for £5.95, neither have monthly, yearly, or inactivity fees like ii

from June 1st ii will charge me £9.99 a month when I dont always trade every month, unacceptable rip off.