Westminster Share Discussion Threads

[graham1ty] 14/2/2020 16:08

Did they say which February ? I remember “by Christmas” was rolled over lots of times ! And in the end they did not sign

[nowenterprise] 14/2/2020 13:41

I wonder if Feb 2020 will be that vagarious month where PF breaks a long habit of being wildly inaccurate with his expectations, and actually gets Tema signed by the end of February. Fingers crossed, it's a new decade after all!

That's it, I've now used up all my optimism for WSG - enjoy it.

[dodge_city] 13/2/2020 13:56

No contract signing in Feb.

[tole] 13/2/2020 08:19

I've bought an initial few the last couple days.

[dave4545] 12/2/2020 14:07

nice 250k buy earlier full offer 11.5p

[deanowls] 12/2/2020 14:02

Guys these thermal scanners are not expensive which is why they have been able to ship as they can be held as stock as they do not cost a lot.

[dave4545] 12/2/2020 13:08

Gone N/T to buy at 11.5p

Finally going to see some upward movement, that last 15k paid quite a premium for such a small buy

[rivaldo] 12/2/2020 11:23

From WSG this morning:



"The World Health Organization has officially named Coronavirus as Covid-19. We have already shipped, to numerous countries, thermal systems proven to detect the early symptoms of Covid-19.

Contact us now for immediate dispatch.

… #COVID19"

"WG 520 Fever, Coronavirus Covid-19, Flu, Ebola Screening System

Westminster Code: 11523

The WG 520 Fever, Coronavirus Covid-19, Flu, Ebola, Norovirus, Sars, Screening System is a portable rapid deployable thermal imaging fever screening system that is used as a first level mass screening test for accurately identifying individuals that have an above normal body temperature and have a systemic fever and may be suffering from Coronavirus, Ebola, Common Influenza, Norovirus, SARS and other flu variants such as Avian Flu, Bird and Swine flu etc.

The initial level screening, primary screening provides little or no inconvenience or interruption of movement for the majority of people being screened.

* Handheld Options are also available, contact us for details."

[dodge_city] 11/2/2020 20:54

YA and Riverfort are worse than Satan, they will drag this down to 5p with their shorting.

Expect a massive sell off on any news and then constant dripping of the share price in the absence of news, which is what happening right now.

[this_is_me] 11/2/2020 18:26

Overview

We are pleased to announce that 2019 was a record year and the Group expects to report, subject to audit, around a 63% year on year increase in revenues to circa GBP10.9m, an increase of GBP4.2m on the GBP6.7m reported in 2018. This is the 5th year of double-digit percentage revenue growth and shows the momentum we are building.

[graham1ty] 11/2/2020 09:48

Starting ?? Have you not read the comments ? It is eight years since they last signed a meaningful contract ? They bought a boat that did not work.

Starting ???????

[apache_dropout] 11/2/2020 07:35

It's starting to look like the guy that runs this outfit is a complete idiot.

[dodge_city] 10/2/2020 22:08

The market is very impatient for news, this will be back to 10p by the end of this week unless news of the contract signing arrives.

On top of that you have the likes of YA and Riverfort shorting and the only way to stop them is by regular newsflow.

[chinadog3] 10/2/2020 16:19

including fruition

[graham1ty] 08/2/2020 08:24

No, now, if they do sign ( and like many of the earlier contracts that were days from signing, there has to be some doubt) then it all depends on the Terms.

They are obviously doing some work there, have put in Kit, and mobilised a workforce. However, the trading statement saying they had earned “a few hundred thousand dollars” did suggest it is a lot less lucrative than many hoped for. WSG has admin overhead of about £4.8m in 1H. And reported an operating loss of £1.2m. Their gross margin was just over 50%, but one could guess that the Tech margin is higher than the Managed Contracts margins ( if the other way round, don’t tell Tema !!!).

So, let us use a 50% gross margin. That means that WSG needs another £2.4m of revenue ( ie £2.4m x50% = £1.2m) to get to break even.

If Tema is that order of magnitude, and they sign a long term contract, then it will be taken very positively.

I have always said, that IF they sign another major profitable recurring revenue contract, then the price will rise. The problem is......they haven’t for eight years

[nowenterprise] 07/2/2020 17:42

Graham, if/when Tema gets signed what do you reckon will happen to the sp? Presumably you think it's already baked in?

[dodge_city] 07/2/2020 16:09

The funding arrangement will act as a drag on the share price.

[graham1ty] 07/2/2020 13:46

East Africa MOU, Nov 2012, delay 87 months
Asia MOU, Feb 2015, delay 60 months
"New country" MOU, Oct 2015, delay 52 months
East Africa 2 MOU, Dec 2015, delay 50 months
MIddle east 1 MOU, JAn 2016, delay 49 months
Border project MOU, Feb 2016, delay 48 months
Iran, MOU and LOI, March 2016, delay 46 months. “Signed” but not operational
Ghana TPA June 19, delay 8 months

That "adds up" to 400 months of aggregate delays, over a 33 year wait !! Nothing new ( apart from Ghana) has been signed for almost four years, so that flurry of supposed activity either side of Christmas 2015 has produced absolutely nothing.

Just shows that the MOUs and LOIs are meaningless, unenforceable, and give no guidance at all as to likelihood or timing of receiving any contract at all. The MOUs cannot be anything more than “yes, let us have a chat about what you might be able to do for our airport security” and no more. Whatever they say, WSG conversion rate is.......er, zero.

The most recent five MOUs are all four years old. Are they really still talking to these people ? Feb 22 will be the fourth anniversary of the Border MOU. Wonder how that is getting on ? They said four years ago “The authorities in the country concerned regard this project as high priority and have selected Westminster, entering into an exclusive MoU with them, based on Westminster's reputation, experience and capabilities. In accordance with the terms of the MoU Westminster will now be undertaking a gap analysis and feasibility study prior to finalising contract negotiations.”. High priority !!!!!! What a farce. Finalising contract negotiations!!!!! What a lie !!

[dave4545] 07/2/2020 11:22

Wsg has not rose at all burtond1

Still waiting for it to catch up !

If NCYT can be valued 50% higher than WSG on the back of a few hundred k of orders
then what should Wsg be valued at with a now thriving business and the potential of their fever detection units !

Once the punters latch on it will have another one of it's crazy runs to 20p

[burtond1] 06/2/2020 11:11

The outbreak of #coronavirus in China and beyond has battered stock valuations across the globe......However, several listed companies have benefited thanks to their potential roles in tackling the virus, including : #ORPH #WSG #NCYT #ANTO #KAZhttps://total-market-solutions.com/2020/02/06/coronavirus/

[igoe104] 05/2/2020 15:56

16 new contracts within the last few months, and probably lots more to come especially virus ones. surely good potential to multi -bag. from this low level.