Westminster Share Discussion Threads

[bountyhunter] 25/6/2020 07:32

A very positive statement, well done to all at Westminster!

"In our 2019 Annual Report I was pleased to report that we have achieved impressive year on year revenue growth over the past few years and that we expected this to continue. Notwithstanding the impact of COVID-19, trading for 2020 started on a positive note and this has continued throughout the first six months of the year. Since the start of the COVID-19 crisis, we have maintained full employment of all our staff and have remained extremely busy, even expanding parts of our business. We are continuing to manage our cash resources well, and as of today's date the Group has cash in the bank of circa GBP1.7million.

"I am pleased to report that our container screening operations in Ghana have been largely unaffected by COVID-19 and continue to generate healthy returns.

"Following successful fever screening trials at Stockholm's Arlanda Airport, both Menzies and their clients have been impressed with the versatility of the system, adapting to different challenges and processes within the airport environment. As the trial period comes to an end, Menzies Aviation is confident that they can now offer the Westminster solution to their global clients as part of their wider commercial package.

"As previously announced, we have embarked on a project to introduce specialist 'unattended retail' vending machines that dispense masks and facial coverings to the UK market. For this project Westminster has entered into two exclusive partnerships in order to deliver the best possible vending solutions to clients. Tru Vend are a subsidiary of an existing supplier and are the manufacturers of a wide range of vending machines specifically for PPE items. Westminster has signed a UK exclusive agreement to distribute and market the machines in the UK unattended retail space. SV365 Technologies are Westminster's second partner in this venture and have been involved in the vending machine industry for 30 years bringing a wealth of experience to the process. SV365 will manage the day to day operations, restocking and maintenance of the deployed machines across the UK, utilising Westminster's products, as well as delivering the cutting-edge telemetry technology. The telemetry systems are the only one of their kind in Europe that have a live feed of the machines actions when in operation, which will give the stakeholders full live visibility of the machines performance and vending output. UV Hand Sanitizer applications and complete contactless payment methods ensure that the Westminster vending machines are the most advanced in the market, which is important, especially during the current pandemic environment.

"Continuing our programme of targeted joint ventures and strategic partnerships, we are delighted to have signed a new strategic alliance agreement with JP International Training Limited ('JP International'). As part of our expansion programme in today's "New Normal", we have been developing solutions to provide our worldwide clients, organisations and businesses with e-Learning platforms to help maintain skills and competency of their staff. Our strategic partnership with JP International will further enhance our e-product services and will allow access to industry-leading training, delivered at our clients' own pace and tailored to enhance their employees knowledge, skills and ability so they may carry out their roles effectively.

"A key strategy for 2020 has been to redefine our diverse businesses in line with our 'One Company, One Vision' approach which involved rebranding parts of our business to better reflect the global Westminster brand. To those ends we are implementing several new strategies.

"We have recently launched the first phase of the new Westminster website. The website has been designed to ensure the visitor journey throughout the site is an informative interaction with the Westminster Group and its strong and trusted brand. The new website is still a work in progress with more content and applications constantly being added. The other Group websites are in the process of being migrated. The new website brings better focus on the Group's vast range of LAND, SEA & AIR products and solutions, and will in due course encompass a sophisticated e-commerce section and enlarged customer and investor engagement areas.

"In addition to the new website, a re-branding exercise was completed with the Westminster Group logo being modernised and aligned with tones and formats of the new website.

"We have also implemented a UK focussed TV advertising campaign across a variety of channels, with the theme 'Get Back to Work Safely'. Whilst this is principally targeted at generating sales, it is equally designed to enhance brand awareness and the expansion our UK client base. We have also expanded our product base to not only include all levels of fever and detection and associated equipment but also a range of sanitisation products and systems to assist businesses maintain compliance with social distancing requirements.

"These are exciting times for Westminster, and I look forward to the website's further expansion in the weeks ahead together with the various other expansion and marketing initiatives we are undertaking.

"Despite the lockdown and inability to travel, discussions have been continuing with a number of prospective clients for significant managed services contracts.

"Over the next few months and years, we have an opportunity to achieve unprecedented growth from the prospects we are pursuing, and the Board and I remain committed to delivering on this potential."

[samdb] 25/6/2020 07:30

Very upbeat statement. COVID is the best thing that ever happened to this company.

[dbnout76] 25/6/2020 07:29

Ahhh I see why you think this is me now.....for the record it's not. Look closely and you will notice that they are different names.

[dave4545] 25/6/2020 07:22

Some companies showing growth have seen some monster rises recently, not many of them out there, Botb for example..£4 mil profits but market cap reached nearly 150 million.

WSG

"Over the next few months and years, we have an opportunity to achieve unprecedented growth from the prospects we are pursuing, and the Board and I remain committed to delivering on this potential."

[this_is_me] 25/6/2020 07:22

It looks like overall things are going very well except for the closure of airport screening. In the long term prospects remain bright and have been enhanced by the fever screening potential. This is going to become a standard part of airport screening kit.

[hodhasharon] 25/6/2020 07:21

"Dbnout7622 Jan '20 - 11:24 - 678 of 679

Laura Ashley looks a great recovery play. I'm in balls-deep. If ALY isn't a 10 bagger in 2020 I'm done with trading"

[dbnout76] 25/6/2020 07:15

What was so great about it? What I read was quite underwhelming and in typical Fowler fashion it was vague with lots of jam tomorrow.

[bountyhunter] 25/6/2020 07:13

Including this new one which I particularly like...

"As previously announced, we have embarked on a project to introduce specialist 'unattended retail' vending machines that dispense masks and facial coverings to the UK market. For this project Westminster has entered into two exclusive partnerships in order to deliver the best possible vending solutions to clients. Tru Vend are a subsidiary of an existing supplier and are the manufacturers of a wide range of vending machines specifically for PPE items. Westminster has signed a UK exclusive agreement to distribute and market the machines in the UK unattended retail space. SV365 Technologies are Westminster's second partner in this venture and have been involved in the vending machine industry for 30 years bringing a wealth of experience to the process. SV365 will manage the day to day operations, restocking and maintenance of the deployed machines across the UK, utilising Westminster's products, as well as delivering the cutting-edge telemetry technology. The telemetry systems are the only one of their kind in Europe that have a live feed of the machines actions when in operation, which will give the stakeholders full live visibility of the machines performance and vending output. UV Hand Sanitizer applications and complete contactless payment methods ensure that the Westminster vending machines are the most advanced in the market, which is important, especially during the current pandemic environment."

[bountyhunter] 25/6/2020 07:12

A great trading statement this morning, moving forward on several fronts!

[bountyhunter] 24/6/2020 12:32

and here from 3 minutes ago :)

[bountyhunter] 24/6/2020 12:30

Cheers, clickable...

[optomistic] 24/6/2020 12:22

Thanks folks, hope tomorrow gives us a lift.

[on target] 24/6/2020 11:57

Last contract win RNS was 1 month ago optomistic. If they RNS more contract wins I would expect the share price to respond accordingly. I agree updates on the website won't have much effect on the share price and this is what I would expect as the implication is they're not price sensitive.

[tallprawn] 24/6/2020 11:53

I don't agree - I'm expecting a decent update tomorrow and then likely a further update at the end of next month.

[optomistic] 24/6/2020 11:49

It seems that updates and contract wins are having little effect on the share price Pressure must be on from selling.

[this_is_me] 24/6/2020 11:43

A.G.M. tomorrow and an investor webinar on 23 July 2020 so a comprehensive update will probably have to wait for a month.

[hodhasharon] 24/6/2020 11:23

What's a "compuer"?

[davethechef] 24/6/2020 08:57

New aviation Alliance/JV, announced on their twitter platform

hxxps://www.wsg-corporate.com/news/new-strategic-e-learning-training-alliance/

[tallprawn] 24/6/2020 08:37

Another quick update announced this morning via the WSG twitter page - https://twitter.com/wg_plc/status/1275693631215677441?s=21

[tallprawn] 24/6/2020 08:25

Update due tomorrow for the AGM - Last year there was a detailed statement released.

Expect plenty of info around current opportunities and pipeline for the next few months.

Take your positions - This is going to move up into the 15p-20p range with any material uplift in expectations.