Westminster Share Discussion Threads

[graham1ty] 19/8/2022 08:17

Probably first trades below a penny today.

This is me…..think positively: the lower it gets, the lower the target for a ten bagger !! At 0.5p it only needs to get to 5p to ten bag.

The lower it goes the better for you!!!!!

[deanowls] 18/8/2022 18:41

You mean the people who have been here predicting the shut show for years. Seeing off all the rampers trying to warn people.

Where were you then.

Give it six weeks, incoming cash required.

[owenski] 18/8/2022 08:54

Does it amaze you, bless, knock yer self out.

[this_is_me] 18/8/2022 08:31

What amazes me is the people who think the company has no future but still waste their time studying the results and posting about it.

In my view it may reach the stage that it will become worthwhile risking money on it as a potential 10 bagger. If you don't think that is a possibility why bother?

[graham1ty] 18/8/2022 08:04

Arden has a new research note. Revenue this year of £14.3m and profit of £1.1m. Hahaha

A target price of 7p. Hahaha

[graham1ty] 18/8/2022 08:02

So, they crow that debtors are &3.7m. Yet, hang on, revenue was only £3.9m.

That means no one is actually paying them !!! Either c90% of 1H revenue has not actually been paid by the clients…..or, more has been paid, and some of the debtors are really old…..

And a cash outflow of £546,000 in 1H. They do not give a figure for current cash, but if it was just £400,000 at end June, it might be c£200,000 by now.

Not much left

[loafofbread] 18/8/2022 07:58

MCap £4M and £0.4M Cash, no debt and debtors £3.7M vs creditors £2.1M so £1.6M owed to company?

More positives than negatives .

[this_is_me] 18/8/2022 07:24

"recurring revenues now running at circa GBP5m per annum" "a gross margin of 51%"

With non recurring revenue, that is probably enough to at least break even on cashflow in 2023.

[my retirement fund] 18/8/2022 07:18

This Charade is not still going is it? If so deserves the longest wheeze on AIM award.

[terminator101] 18/8/2022 07:07

Another loss. Yet another fouwlup.

[pjj71] 12/8/2022 13:00

the westminster ponzi scheme is only surpassed by foo ponzi at vog... fortunately i was on the right side of this ponzi, shorting at 14 and closing out at 3.. should have ridden it to the delisting but needed the cash for a car!!

[buffetteer] 12/7/2022 10:16

I was in dreamworld then I woke up . WSG management have devoured cash, never delivered any profits & failed to achieve targets . The management maintain an air of professionalism and thus easy to believe. Leopards & spots I fear .
A weary ex-shareholder

[graham1ty] 12/7/2022 08:22

“Almost at break even”. You having a laugh ????

Last year they had revenue of £7.1m, gross profit of £3.3m but then admin expenses of £5.2m, completely wiping out any chance of profit.

Using the same gross margin, they need c£4m extra revenue just to cover their mind boggling overheads. And where, pray, is that coming from ?

[sean spicer] 11/7/2022 16:52

This looks like the bottom and the share price will recover somewhat leading up to results in August.

I would guess this company is almost at breakeven. All that is needed is one or two decent bits of news to get this moving.

Ratification of DRC contract will shift this much higher very fast.

[graham1ty] 04/7/2022 13:16

It really is a complete mystery what cash is left at WSG or how they are possibly solvent….

[papillon] 25/6/2022 15:19

👍 Thailand 🤣

[dodge_city] 25/6/2022 13:46

Shocking.

/www.barchart.com/stocks/quotes/WSG.LN/opinion

[papillon] 25/6/2022 13:25

👍 enfranglais


free stock charts from uk.advfn.com


The chart is awful.

[enfranglais] 25/6/2022 12:48

Can this get any `Fouler`?!!!!!!!!!!!

[owenski] 25/6/2022 10:25

Jeez, is this garbage still going.

Bargepole.

[kreature] 25/6/2022 09:23

What about the pipeline of projects?
Did they ever materialise?