Westminster Share Discussion Threads

[deanowls] 26/8/2022 16:25

That’s fair enough Bronco, irony has been in short supply over the years from the bulls.

[broncowarrior] 26/8/2022 15:27

Some irony free contributors on this thread.

[broncowarrior] 26/8/2022 15:27

Don't get the humour then Graham. Fair enough.

[graham1ty] 26/8/2022 11:26

Flying !!

Jumped from 99% down to just 98.5% down.

£100,000 contract. Well, to meet forecasts they need to do £10m in 2H. So, another 100 RNS like today and forecasts will be met !!

[deanowls] 26/8/2022 10:31

Flying lol. Await the next capital raise. Coming soon. Selling hardware at what margins do you think?

Pennies on the pound.

[dave4545] 26/8/2022 10:14

mm's are delighted, people buying 1.38-1.47p then they get it all back 1.2-1.22p

[broncowarrior] 26/8/2022 10:10

Flying. Graham must be delighted, he loves this company.

[dave4545] 25/8/2022 11:19

Just noticed there is no offer here not even 10000 shares at 1.2p

Maybe 1p was the bottom

Neutral stock, made a lot on it then lost a lot on it

[graham1ty] 22/8/2022 17:31

If any of you wonder where your money has gone….Over the last ten years ( see below) the Board has taken £6,300,000 out of the Company, including Peter Fowler £2,000,000 Stuart Fowler £1,300,000. Presumably Heidi is paid something as well, so the Fowler family payments must be close to £3.5m.

Dividends to shareholders..........ZERO
Losses made £28m

Board cost:
2021 PF £196,000 SF £124,000…̷0;……R30;……230;…. total Board £656,000*
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

The cost of the Non Execs has gone up from £74,000 last year to £113,000 in 2021. Fat lot of good that has done WSG

[graham1ty] 22/8/2022 14:04

Has the propeller arrived ?

[papillon] 20/8/2022 09:09

dodge_city 21 Jan '22 - 08:29 - 732 of 739
0 0 0
Finally a decent deal and likely more will follow. Could see 10p this year with a bit of luck.

🤣🤣

[pjj71] 19/8/2022 13:50

Unfortunately even the boiler shop brokers have probably run out of Muppets that would back another dilution in this Ponzi scheme!!! Still it has provided Fowler with an exceptionally extravagant lifestyle for many years... no doubt there are many years of champagne for him to enjoy while the bag carriers hit the food banks!!!

[dodge_city] 19/8/2022 10:52

Delist coming imo, shareholders will get shafted by Fowler.

[1savvyinvestor] 19/8/2022 09:33

Definitely 100 bagger now!! Satisfied?

[terminator101] 19/8/2022 07:21

Saw the same 10 bagger waffle from the rampers when it was over 10p so surprised we haven't seen the 100 bagger ramp yet ;-)

[graham1ty] 19/8/2022 07:17

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 17:41

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 07:54

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

[this_is_me] 18/8/2022 07:31

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 07:04

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 07:02

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 06:58

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 06:24

"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.