Westminster Share Discussion Threads

[graham1ty] 08/3/2021 09:04

I thought they had won an £8bn contract ?

[this_is_me] 08/3/2021 09:02

LOL 6 trades so far and the share price hasn't budged. Even if it happens it is not likely to make a huge difference on its own, particularly with the huge overhang caused by those who were given cheap shares at 4p expecting to flip them.

[graham1ty] 08/3/2021 08:22

Absolute frenzied activity in WSG shares this morning. Getting ramped through the roof

[philjeans] 06/3/2021 17:18

I wonder if little WSG will be involved in this?


"Yes, even MyHealthChecked (MHC) where I am a shareholder should have its shares suspended. The reason is a webpage which went live yesterday and which is now being widely discussed on social media which seems to show that the Government is soon to announce contracts worth £8 billion for covid test suppliers. This is going to cause share price mayhem on Monday.


Shareholders in Avacta (AVCT), Novacyt (NCYT), MyHealthchecked and others are already speculating wildly. My suggestion to the Oxymorons at AIM Regulation and to the FCA is that the markets on Monday will be extremely disorderly and that they should thus force all companies who claim to be involved in Covid testing to issue a statement as to whether or not they have submitted or will submit a tender. And then to suspend all the shares until the tender results are known.


Of course that will not happen. Folks will instead engage in Leni-Maths and arrive at quite spectacular conclusions which will, almost certainly, be completely wrong.


And then, I gather, that the webpage, will be updated once a day as new contracts are concluded. That may well be a transparent way for the Government to operate after the contracts for chums stink associated with PPE contract awards a year ago. But it does not quite work when listed companies are involved, some of them with such low market cap’s that any material contract will be transformational for the share price.


I suggest that the FCA/AIM Regulation acts this weekend to stop manic mayhem on Monday."

That was from Share Prophets today.

This is from WSG's update last week!


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

[mastersmix] 05/3/2021 14:12

Not sure they'd be doing any of the testing hence the service agreement with the company that is....

[deanowls] 05/3/2021 08:53

What skills do they have in COVID testing, really they hop from one thing to another. COVID testing is becoming very cheap. Next they be telling us they are taking blockchain to Africa.

[sean spicer] 05/3/2021 08:45

There's quite a few positives in the Outlook section of the trading statement including a bit about Covid testing.

[dartboard1] 04/3/2021 13:49

They should pull out of this Iran deal, ... any contract like that in Iran will be made with the blessing of the IRGC... as well as bribery risk, you'll risk not getting paid a large amount of receivables and make a much smaller margin than in the initial contract... if they end up getting this watch the aged receivables blow out...Not worth the risk

[dartboard1] 04/3/2021 13:45

Yes, a lot of talk there about potential contracts and hopefully some of them are delivered.Revenue for 2020 not a disaster considering the year we've had.. looks like they're cash flow positive (but will wait to see the annual report until that's certain) so it all depends on whether you believe they can grow revenue now.

[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