Westminster Share Discussion Threads

[graham1ty] 17/12/2021 17:28

The Company says it has sufficient cash “for its current requirements”. That is badly phrased as it does not say they have anything going forward.

At 30 June they had £3.1m. The previous six months reported a cash outflow of £1.3m, so nearly half of that may have gone. They also do not say ( as surely they would) whether they are getting paid anything for the setting up of the DRC contract. But they will have the expense. You might guess that there is maybe £1m left in the coffers, possibly less. At current run rate ( £1.3m outflow every six months) they probably have enough to keep the lights on for 4-6 months, again probably less.

That could be classed as covering “current requirements”, but not much headroom for any future requirements......

[marktime1231] 17/12/2021 16:23

WSG owes us some hard good news after huge announcements which haven't turned in to material progress. As you and others say there is a suspicious gap time and again between promise and reality. So a bit more good news to repair the damage and then we need to decide to cut our losses or cling on in vain hope.

[this_is_me] 17/12/2021 13:39

Wash-trading is illegal, but then so is insider trading.

[dave4545] 17/12/2021 13:17

lol

I've seen some deramping but the last one smacks of desperation "wash-trading"

ps..it's not about the size of the contract but the opening of doors and the statement of having plenty of cash for operations.

But keep trying

[kreature] 17/12/2021 13:04

I wouldn’t trust volume on any AIM stock....There’;s something called wash-trading to give the illusions of volume. Anyone could be causing it from anywhere imo.

[babbler] 17/12/2021 10:22

The only way that really happens is with a managment change and driving growth in better juristictions. Otherwise a low value contract (2 really so very little from each) won't help. I don't "deramp" often but this share keeps promising and eventual delivery is disappointing. Sometimes you just have to give up and find somewhere else more likely to make you money.

[this_is_me] 17/12/2021 09:32

Massive volume so far today.

[dave4545] 17/12/2021 09:07

All time low, no warning, no cash call

Should get back to 4p

And then next year get back to 6p

[eringael] 17/12/2021 09:05

Yes but reading and posting facts would not fit his agenda

[this_is_me] 17/12/2021 09:02

Graham, if you had read the RNS announcement you would know the answer to your question.

[wynterwilde] 17/12/2021 08:48

Who was it who said
"It would seem the notices of my demise were somewhat premature"

Accept it Graham and close your short pronto!

[deanowls] 17/12/2021 08:41

The good thing is they say they have cash to last, however the company are aware that people are suspicious after previous announcements, though typically these contracts don’t make a great deal of margin.

I expect any contract that drops will need a cash raise.

[graham1ty] 17/12/2021 08:13

The contract has a “Standstill Period”. How long will that last, until this contract is ratified.......

A DRC length of time ? This is not a contract win until the standstill period is over....

[this_is_me] 17/12/2021 08:09

Hopefully that is the contracts pipeline starting to get unblocked despite the virus.

[dave4545] 17/12/2021 07:51

Bounce now though

Dropped a long way and that update a lot better than the falling price was hinting at.

[blondviking] 17/12/2021 07:51

At last some good news!

[graham1ty] 15/12/2021 15:29

All the spivs and tampers disappeared. Sunk like a ferry.

Volume today about £10,000 worth.....

Not even any traders thinking it might bounce.

You are the weakest link. Goodbye

[kreature] 14/12/2021 10:34

Will take a punt at 0.01p

[terminator101] 14/12/2021 05:42

Sub 2p is where this will end up when fowlup goes for another massively discounted placing

[deanowls] 10/12/2021 21:42

0 although there is always a stream of people that invest for the promotions aed rise hoping to get a doubler.

There will be some pump go through as another cash raise will be required imho.

You’d be better at the casino picking a color and walking, as has been the case for the last several years.

[goodday1] 10/12/2021 15:42

Anyone can predict the bottom of this dog???

[graham1ty] 08/12/2021 22:21

What would a new Board do with a business with no material contracts, haemorrhaging cash, and no assets ?