Westminster Share Discussion Threads

[deanowls] 30/11/2021 15:58

Wonder where maccers is?

[sapper2476] 30/11/2021 14:53

This outfit don't need to keep shareholders happy. in fact, I doubt you are rarely thought of until they are forced to. This is a superb business model to fill pension pots of the Directors for a decade or so. Endless fundraising keeps the lights on, exorbitant wages paid and retirement sweet. It will eventually all end. Losers, shareholders... winners, Directors with large pension pots off to milk the next cow.

[graham1ty] 30/11/2021 14:35

How the hell did clients of HSBC shift that much stock ? They may still be just below 3%, but that means they shifted at least 2.7%. That is over 9m shares......How ?????

[graham1ty] 29/11/2021 08:37

Last one out, turn off the lights

[graham1ty] 27/11/2021 13:25

Why fair value of £5 ? This organisation haemorrhages cash, has no assets, and no profits. You could argue that some of the contracts have value. Really ? The Tower of London and Westminster are prestigious but de minimis. Lungi ? Never been the cash flow it might have been, and with new variant, probably worthless. Tema? Again, far smaller than ever expected. Possibly could be bought out of the contract by their partner. Everything else is just hot air.

WSG could spin off the U.K. security arm ( try a management buyout, taking with it Longmore. Westminster, and Tower. Raise a bit of money. But then left with nothing.

To raise the amount of money they need to carry on (say £1m to get through three months, £1m as working capital for new contracts) it will need 100m shares at 2p. So, the per share value massively diluted.

WSG has never been worth anything

[terminator101] 27/11/2021 07:48

Good research Grahan1TY. Its amazing how much shareholders cash these clowns have burned through over the years and how little value has been created. Fair value is probably around £5 million market cap, so it could easily fall another 50% from here.

[last on line] 26/11/2021 12:32

I was under the impression that WSG will not drop under 4p and was thinking about buying some at that level. How wrong was i?

[graham1ty] 26/11/2021 11:47

This could be the end for WSG. They cannot raise meaningful amounts of money, at any price. There is no point in raising just £500,000 when admin expenses eat that up every month. And even at 3p, just to raise £1,000,000 is another 35m shares.

This may be the end game playing out

[neo26] 26/11/2021 11:18

Is a placing coming?

[terminator101] 26/11/2021 10:36

Seem that South Africa being shut down is not good for business huh. Not that it matters as fowlup wasn't exactly progressing things in any case.

[graham1ty] 25/11/2021 16:01

Cash was £3.1m at 30 June. Admin expenses were £2.49m in 1H. Since then all the expense of setting up the supposed DRC contract, as they have stated they have already deployed people to DRC.

With higher expenses.......only a matter of time before the next raise......

[optomistic] 23/11/2021 17:56

Post relevant to a Sudanese contract...can't find the original article, will look later.

[graham1ty] 23/11/2021 17:51

Over the last ten years ( see below) the Board has taken £6,200,000 out of the Company, including Peter Fowler £1,980,000 Stuart Fowler £1,238,000. Presumably Heidi is paid something as well, so the Fowler family payments must be close to £3.5m.

Dividends to shareholders..........ZERO
Losses made £25.2m (retained earnings on the interim balance sheet)

Board cost:
2020 PF £196,000 SF £124,000..........total Board £614,000
2019 PF £201,000 SF £117,000........total Board £582,000
2018 PF £310,000 SF £173,000........total Board £922,000
2017 PF £192,000 SF £128,000........ total Board £623,000
2016 PF £192,000 SF £128,000.........total Board £541,000
2015 PF £192,000 SF £132,000.........total Board £594,000
2014 PF £187,000 SF £130,000.........total Board £645,000
2013 PF £170,000 SF £127,000.........total Board £614,000
2012 PF £170,000 SF £94,000..........total Board £560,000
2011 PF £170,000 SF £85,000..........total Board £540,000

[graham1ty] 22/11/2021 10:37

Seller of 25000 at 3.83. If that is a long term holder, eight years ago, at 90p that might have been worth £22,500. Now sold for £958

Ouch

[graham1ty] 19/11/2021 08:43

Arden have made so much money from Placings, and see further Placings to come.

So, they stick with a Buy and 18p target for this flying pig.

Revenue for this year cut from £15.7m to£7.2m. Now, call me old fashioned, but mid November is pretty close to the year end......so, just a few weeks to go, and more than half the forecast just evaporates, gone, whoof, now you see it, now you don’t.

I hope Arden are getting some pretty angry calls from Placees who believed their guff

[terminator101] 19/11/2021 08:41

Seems that fowl up has foweled up.