Westminster Share Discussion Threads

[marktime1231] 02/5/2022 10:09

Worst investment ever, and I have made some pretty bad ones in the past. Nothing in its favour. I wondered about the cash position too. As at Dec 21 less than £1M in the bank, and they have a habit of tapping the market at any price to keep themselves in a job. Mentally written off my stake here and hoping for an opportunity to quit while there is a shred of value left.

[graham1ty] 02/5/2022 08:25

Just looked closer at results. Trying to get idea of current cash levels.

Noted that trade receivables have jumped to £3.66m, from £2.4m. And that is over half of revenue (£7.05m). So, clients are just not paying them. Or at least, not in a timely fashion. What other business runs with over half their invoices outstanding ? Last year it was just 24.5% unpaid (£2.4m of £9.95m revenue).

Mind you, if you are a client of WSG, you have them over a barrel. You can see that WSG haemorrhage cash, and have absolutely no bargaining power at all. So, you get away with “the cheque is in the post”.

WSG clients are not paying up. Will not be helping the balance sheet……..

[deanowls] 29/4/2022 14:19

Where is everyone I thought everyone would be in n here celebrating the foretold profit.

This time next year rodders.

20k a day turnover, be better getting a corner shop somewhere.

[graham1ty] 29/4/2022 08:52

They praise the Westminster Group Foundation, having failed to read my post above. It has negligible assets and has not filed accounts ! All hot air

[lookagain] 29/4/2022 08:44

They are not losing money, they're giving it away.

Nice to know : We provide free fruit and refreshments, allow gym time to help keep our staff healthy and provide medical support where appropriate.

The verboseness of this report probably is an insight into their inability to manage and run the company effectively.

[graham1ty] 29/4/2022 06:26

The one number that does not lie: Retained Profit or loss, on the Balance Sheet

Accumulated losses now of £24,409,000

Queens Award for losing money ?

[graham1ty] 29/4/2022 06:22

Virtually no mention of the balance sheet and cash position…..running on empty ?

[terminator101] 29/4/2022 06:11

Revenue down. Losses up. Another fowlup huh.

[graham1ty] 13/4/2022 19:07

Don’t be rude to vermin

[apache_dropout] 13/4/2022 14:30

It would not be unreasonable to say thet Fowler and his family are lowlife vermin.

[loafofbread] 19/3/2022 14:43

Reviving a landmark nuclear deal with Iran could help tackle the recent surge in oil prices fuelled by sanctions against Russia, Ireland's foreign minister says.

Simon Coveney said a new agreement, which he hoped could be reached as early as this weekend, would provide an opportunity for Iran to re-enter the supply market.

"We look as if we're almost there," Coveney, who is the UN Security Council facilitator of the nuclear deal, told the BBC. "That's a good news story when we need one."

Sanctions were placed on Tehran after it was said to have breached a 2015 nuclear deal - formally known as the Joint Comprehensive Plan of Action (JCPOA) - reached between Iran and six other nations.

A new deal would ease those sanctions in exchange for Iran giving up ambitions to build a nuclear weapon.

The UK and EU are looking to break away from their dependence on Russian oil in response to President Vladimir Putin's invasion of Ukraine.

[eringael] 17/3/2022 12:59

Saying nowt - don't want to jinx anything

[m5] 17/3/2022 12:51

Jut me then. Its up again. All very confusing.

[this_is_me] 17/3/2022 08:27

Up another 11% up so far today.

[this_is_me] 16/3/2022 19:27

There seems to be a bit of a bounce on. Up 15% today.

[m5] 16/3/2022 15:05

Hello?

It's gone a funny colour, its always red.

[graham1ty] 07/3/2022 15:50

Dodge…..erR30;.isn’t this a security company ?

[dodge_city] 07/3/2022 14:57

This war is the best news ever for Fowler as is provides him with an excuse even better than Covid.

[graham1ty] 07/3/2022 13:56

220,000 sold at 2.2p to raise £4000.

Once worth £200,000

[graham1ty] 07/3/2022 13:55

With no prospector new fundraising at these levels, haemorrhaging cash, Ukraine position awful, this might be the last few months for WSG. It will just shrivel up and die

[owenski] 03/3/2022 09:14

Is this rubbish still going