Westminster Share Discussion Threads

[drmaccers] 17/6/2021 17:13

Likely Henderson adding more

[noirua] 17/6/2021 16:36

Broadly even throughout the day with a buy near the close of 1,350,000 shares at 5.6p.

[drmaccers] 17/6/2021 14:20

Sorry daar IIs buying heavily now

[daar] 17/6/2021 08:42

Falling hard now. Into the 4s by EOW

[daar] 17/6/2021 08:26

Back below 5p until funding is sorted

[drmaccers] 16/6/2021 16:22

Perhaps sign up to research tree/Arden/ various other services etc to see the Broker Notes. They are very good

[drmaccers] 16/6/2021 16:21

The house broker Arden have done plenty of notes reiterating 19p target based off market expected forecasts.2021, Revs 16.7, PBT 1.52022, Revs 23.7, PBT 5.3, EPS 1.8pTheir target of 19p is a 2022 PE of 11.They also stated in bold this AM that these 2 contracts will be paid from existing money and bank debt

[marktime1231] 16/6/2021 12:05

More good news. Spoiled because as you all have quickly pointed out, as WSG are signalling, to expand will require a further capital raise and/or financing.

I thought the 4p issue was exactly for this purpose, to clear debts and fund the expansion they have been promising, and which at last is on the cards. Hey ho.

Can I say again, we need the insider house broker to run the numbers and tell us formally what these announcements mean in terms of valuing the business, because we have no way of telling and everyone speculating about the size of takeover bids etc ought to go take a walk outside in the fresh air for a bit.

Also, much prefer the idea of a share issue at 8p discounted from 10p than the ruinous issue at 4p. I might even buy some at 8p, once we have the benefit of a level-headed analysis of what these announcements mean.

[philjeans] 16/6/2021 11:54

Traders and stale bulls mostly sold and gone now.

Investors buying for the longer term.

Still a BARGAIN down here.

[broncowarrior] 16/6/2021 11:24

Nice - presumably only the funding question holding this bank. Straight bank finance should be possible with contracts of this scale.

[noirua] 16/6/2021 09:14

If the company is due to announce more contracts in the short term it would make no sense to raise cash in the short term with most of the cash previously raised still in the bank. Should the share price move to 10p it could be raised at 8p a share.

[deanowls] 16/6/2021 08:50

When wsg win a vehicle scanning order what do they list as the contract value?

They are then putting in and operating similar for containers.

There’s your capex cost now go and look at if they have arranged that kind of money.

Pump and place is my guess. Although medium term if they can get this to work they may be a business here, the worry is I’ve never seen positive cash coming from SL which I am guessing is the model for the airport. The container model has yet to bed in as I don’t think the contract was signed but maybe the wsg crew are on a road trip!

[philjeans] 16/6/2021 08:21

Raising cash for new lucrative huge contracts is ALWAYS a good idea.

Raising cash to survive isn't!

The market will buy it, like me.

BUY

[hamidahamida] 16/6/2021 08:08

Got funny feelings company might do a placing on the back of these announcements

[philjeans] 16/6/2021 08:04

Worth a lot more than 6p that's for sure.

10p this week.

[jungmana] 16/6/2021 07:58

20p in a years time will do :-)

[jungmana] 16/6/2021 07:56

I agree:"Initial deployment expenses incurred pursuant to the Contract will be satisfied from existing resources, however as the Company noted yesterday, with a pipeline of multiple other potential contracts, the Company continues to monitor funding requirements and options to ensure it has adequate financing in place to deal with the anticipated expansion of services."

[shanew48] 16/6/2021 07:52

£1 + share price T/O potential?

[noirua] 16/6/2021 07:44

The way the company is starting to build contracts and its small market cap could lead to a takeover bid in the short term: Or cash for equity at above the present market price.

[dave4545] 16/6/2021 07:42

I'd go for Primary Bid, given how popular this stock is with pi's and the fomo facter they could get the cash they want in minutes. All depends on what happens today but if price closes around 6p and they did one at 5.5p they'd easily get £2-4 million I reckon.

[loafofbread] 16/6/2021 07:42

Everyone had chance to fill their boots at 4p, average down or buy in.

Angle at 50p, NSCI at 45/50p, there are lots out there, just need some patience.

[boonboon] 16/6/2021 07:38

Possibly debt if it's backed up by long term revenue streams. Could be done on an individual project basis.

[owenski] 16/6/2021 07:24

"Westminster will provide the screening systems, warehousing and infrastructure"

With what?

Do expect a massive fund raise to pay for their real estate needs coming your way, hidden within that fund raise will be op-ex to top up their wage and bonus trough.