Westminster Share Discussion Threads

[graham1ty] 13/8/2021 06:53

With annualised admin costs of £5m ( and that is only going north), and gross margin of 45%, this dog needs to do £11m of revenue per annum just to break even (£11m x 0.45= £4.95m. To make the forecast £0.9m profit, they need £13m revenue for the year ( £13mx0.45 minus £5m overhead)

So, to get to a profit as forecast, about £10m revenue in 2H. For the birds. Just laughable to say they are on track

[drmaccers] 13/8/2021 06:40

Where's this 2mill figure?2021 will be 0.9mill profit. H2 will therefore be about 250% increase in revs vs H1.DRC, Liberia, new Tema birth will all contribute with SL recovery.Multiple contracts were only started late in H1 like Houses of Parliament They are nearly half way through H2 2021 and reaffirmed their projections

[deanowls] 13/8/2021 06:35

Where will they pull 2m profit from?

Serious question?

[drmaccers] 13/8/2021 06:18

Weare on track to meet full year expectations. We are however confident in our 2022 and future forecastsSo that's 0.9mill profit for this year and 5.3mill for next year. Forward PE of 3 lol. Serious value and treating coming here of the next few months

[drmaccers] 12/8/2021 10:53

Just waiting. I'm 10s of thousands up on going big at 4p. Multiples more to come for the patient

[deanowls] 12/8/2021 10:18

Haha, you lost your ramp lately Maccers.

[drmaccers] 12/8/2021 08:36

Poor Dean crying into his cornflakes again with no 4p

[cornishtrader1000] 11/8/2021 19:32

You never know, London firm Sirius Petroleum are involved with OML65 in Nigeria.

[deanowls] 11/8/2021 18:22

Yup back in the day when they were going to protect the vast Nigerian delta pipelines. Wonder if that’s still in the errrrr pipeline.

[drmaccers] 11/8/2021 16:10

Just the small subsidiary in Nigeria, not the plc

[cornishtrader1000] 11/8/2021 15:57

https://platformsafrica.com/2021/08/08/breaking-nigeria-billionaire-oil-mogul-capt-hosa-okunbo-is-dead/Major shareholder?

[on target] 11/8/2021 10:54

Looking a bit more positive today.

[drmaccers] 11/8/2021 08:42

Might do, then on to 40

[deanowls] 10/8/2021 16:05

It’s going back to 4p 😂

[on target] 10/8/2021 15:57

And what if it is confirmed?

[apache_dropout] 10/8/2021 15:56

If that contract is not confirmed this is going back to 4p

[apache_dropout] 10/8/2021 15:15

Criminally overvalued.

[on target] 10/8/2021 12:46

Need to get that contract ratified - better get it sorted soon as it's meant to start next month!

[drmaccers] 10/8/2021 11:44

Criminally undervalued. Forward PE of 3 is nearly unrivalled on AIM

[graham1ty] 10/8/2021 11:42

Is the propeller mended yet ?

[apache_dropout] 10/8/2021 11:14

Over valued rubbish.

[drmaccers] 10/8/2021 10:36

It's the best share ever.

[unknowntrade83] 19/7/2021 13:23

Some decent buys been holding this up, question is, is it ii's buying up... ;-)

[dave4545] 19/7/2021 12:43

Stands out on my monitor for support in the last 2 hours