Westminster Share Discussion Threads

[philjeans] 04/3/2021 12:33

To date our product sales are in line with budget and our Ghana operations continue to remain largely unaffected by Covid and continue to generate healthy revenues, which demonstrates the value of this long-term managed services contract. In 2020 the project generated circa $2.6 million USD revenues for Westminster, and we expect this to continue to rise as the port expands capacity and the fourth berth comes on stream later in 2021.

We have recently entered into an exclusive service agreement with a company about to launch an innovative and verified Covid testing service with UK government approval, under which Westminster will provide a range of specialist services. Whilst too early to assess the likely scale or success of the project, this initiative could potentially lead to interesting business developments in what could be an important new service in helping to open up the leisure and entertainment sector.

We are closely monitoring geo-political events with regards to the US and Iran regarding the JCPOA agreement. As reported in our 2018 Annual Report and our 2019 interim Report we previously signed a 15 year, EUR24 million per annum contract for airport security, with the full support on the British Government, which was put on hold when President Trump unilaterally withdrew from JCPOA. Should circumstances change and US and international sanctions, including banking, be lifted, there remains an opportunity for our German office to revisit this prospect.

[mastersmix] 04/3/2021 11:18

Did everyone miss the comms on the rapid testing piece in this mornings RNS?

[philjeans] 04/3/2021 10:50

Tremendous value down here - right at the bottom of the trough!

Easy bagger.

No debt; good diversified products across the world; delayed contracts all to come in this year.

Tiny M/C.

Just look at that chart - and BUY.

[graham1ty] 04/3/2021 09:47

Flood of sellers glad to get any return on the 4p they paid recently. And that is a 125,000,000 share overhang. That is a lot to feed into the market.

Obviously not all will be sellers, but those who realised they have been sold a pup ( Chris Mills ?) and see that the “pipeline̶1; was complete fiction, they will be rushing for the exits

[philjeans] 04/3/2021 08:19

Yes positive outlook across all fronts.

Bargain down here.

Added.

[kirk 6] 04/3/2021 08:16

Great update today. Westminster seem to really be coming out of this pandemic very well. 2021 and the future is extremely bright growth prospects look good

[graham1ty] 03/3/2021 08:20

In the absence of any news, any new contracts, there is no reason why this should not fall to 2p. They ( roughly) doubled the share count so that is equivalent to an old 4p. Even then it gives a market cap of £6m, still high for a company that has never shown a proper profit, despite years of being told of a massive pipeline. The Balance sheet shows a staggering £24m of accumulated losses.

They have signed nothing new since Lungi. Forget the ferry, that was a disaster. And discount Tema port as the revenues there are rather less than world shattering.

WSG remains a completely amateur crowd with no proper business. And anyone doing due diligence would see that

[graham1ty] 02/3/2021 17:23

Is the ferry mended ?

[deanowls] 02/3/2021 14:55

Yup a bit of welded steel with steel tubes with some bearings fitted. Massive.

[knowing] 02/3/2021 13:57

Another order announced

[graham1ty] 25/2/2021 15:37

£750,000 over three years.

£250,000 per annum

[officer_dibble80] 25/2/2021 13:30

£750,000

[graham1ty] 24/2/2021 07:43

In the last eight months, WSG has announced only three contracts. First, the Houses of Parliament, c£350,000 per annum. Secondly, a tunnel at the reopened Lungi......oh, no, that was free; thirdly a building site guarding contract worth £250,000.

Hardly setting the world on fire.
Large managed service contracts: zero.
Large Tech contracts: zero

[swizz] 19/2/2021 07:54

Early stages,....GL S

[philjeans] 17/2/2021 14:22

Cheap as chips. Keep accumulating.

[this_is_me] 17/2/2021 13:33

It's dodge putting all his money into WSG!

[kirk 6] 17/2/2021 13:25

Back to 11p

[gah123] 17/2/2021 13:23

Churn done, 7p first target before contracts

[mastersmix] 17/2/2021 10:25

News due perhaps

[philjeans] 16/2/2021 11:22

Nice rollover there at 1 Million Shs. £43,000.

Somebody very positive.......

[philjeans] 15/2/2021 11:57

Good volume today - expecting some news here now.

Bargain price.

BUY.