Westminster Share Discussion Threads

[1savvyinvestor] 18/7/2023 10:04

Yes - but a good time to add while news flow is thin

[last on line] 18/7/2023 09:59

Until we get a substantial contract, then the price will stay around this level. Unfortunately

[z1co] 17/7/2023 08:05

All trades at above 1.57p are buys and the MM's have subsequently increased offer price to 1.63p even for 25,000.

[z1co] 16/7/2023 08:16

Last year the company made a profit of £422,000 in H2 which was a massive turnaround from a loss of £787,000 in H1.This was an excellent result considering the challenges they experienced for much of 2022.

This year the company is likely to make substantial profits for both H1 and for the full year.

[z1co] 14/7/2023 14:08

Bid dropped back to 1.50p on that 250,000 sell.It seems that there still are quite a few legacy sellers that will sell at any price and no doubt move on.

Business is once again trading at record levels after a couple of difficult years.The CEO has already said that trading in Q1 has been ahead of expectations and there is every possibility that Q2 could also have traded ahead of expectations.

Upon confirmation of this either a H1 trading update or the Interim Results next month the market will rerate the shares significantly higher.

2.5p to 3p by end of August 2023.

[z1co] 14/7/2023 08:09

Westminster Supply Explosive Detection Products to Client in Saudi Arabia

24/04/2023

Westminster’s Technology Division subsidiary are pleased to have recently sold a number of Portable Explosive Trace Detectors to a client in Saudi Arabia.

These E3500 units have ‘laboratory-grade’ accuracy when picking up compound traces of homemade, military-grade and commercial explosives, using chemiluminescent technology.

With portability and rapid results ready to read in as few as 16 seconds, this battery-powered unit is extremely useful within a field setting – and is an oft-adopted detector used for screening at high-security events and settings such as critical infrastructure, embassies, customs, borders, and for VIP protection.

[z1co] 14/7/2023 07:51

The company keeps winning contracts:

Westminster Supply Blast Protection to UK Aerospace Customer

MAY 25TH, 2023

Westminster are pleased to have sold a number of blast mitigation solutions to a valued customer within the British aerospace industry.
The simple yet effective blast protection solution will provide protection from shrapnel and fragments that could be emitted from blasts within the company’s engine testing facility. It is a popular solution used within settings ranging from the Armed Forces to corporate offices worldwide.

Mick Oxlade, Technical Sales Manager at Westminster Group, said:

“We are proud to have been chosen to supply this product, giving reassurance and protection for our client from any accidental blasts within their premises”.

[z1co] 13/7/2023 18:26

hazl if have about 6 minutes listen to the video.I was really impressed and i'm actually surprised the shares have not exceeded 2p already after the full year results

[hazl] 13/7/2023 18:24

This looks interesting zico.

[z1co] 13/7/2023 18:19

The company recorded revenue for 31/12/2019 of £10.89m which was a record.

The CEO is very confident that 2023 will be another record which means revenue for the year ending 31/12/2023 will be greater than £10.89m and the company will be profitable.

Revenue for 6 months to 30/06/2019 was £5.61m.

Revenue for 6 months to 30/06/2020 was £6.96m which was also a record for 6 months

Last year revenue for 6 months to 30/06/2022 was £3.92m.

The CEO speaking to Thomas Warner of Proactive on 02/06/2023 is saying that all our business sectors after 5 months are running at record levels and with Q1 ahead of expectations the company is likely to record a revenue for 6 months to 30/06/2023 of at least £5.5m and also to be profitable for the period.

If they can achieve that then the share price will start to get back up to 2019 range of 6p to 17p over the next 6 to 9 months.

[z1co] 13/7/2023 15:04

Westminster Group jumps 40% on bullish update

Published: 12:07 01 Jun 2023

Westminster broke even as revenues jumped by more than a third

Westminster Group shares rallied 40% as the security specialist accompanied a 35% jump in revenues over the past year with a bullish forecast for the coming twelve months.

All its businesses improved, said the Aim-listed group, which broke even after heavy losses the year previously, though aviation training, its West African airport contract and manned guarding in the UK were picked out as highlights.

Peter Fowler, chief executive, added: “Building on our 2022 results, we believe a record year of revenues and profitability are in sight for 2023”.

He also noted a "strong pipeline" of future opportunities with progress now being seen on a big airport contract in the DRC and also a West African port.

Shares rose 0.45p to 1.6p.

[z1co] 13/7/2023 14:03

intoodeep

The company is trading now at pre covid level when the share price was over 10p.

These could easily rise to at least 5p and even more over the months.

A very strong buy

[z1co] 13/7/2023 14:00

With the exception of 60,000 @ 1.51p all other trades are BUYs shown by advfn as sells

MM's have now increased buying to 1.60p.

[intoodeep] 13/7/2023 13:58

Zico,

Another CSFS coming then?

[z1co] 13/7/2023 13:56

The CEO speaking on the Proactive after the results is saying that company is currently trading at pre covid levels.

They had a record year in 2019 and the first 6 months of 2020 was also a record before the impact of covid over the next two years.

He is super confident that 2023 will be a new record.

I expect Interims Results next month will be substantially better than last year.

[z1co] 13/7/2023 11:49

Very impressed with the CEO,2023 definitely looking very good:

[z1co] 13/7/2023 09:28

The company will announce H1 results next month and there will no doubt be substantial improvement over H1 2022.

They have already stated that Q1 was ahead of expectations.

[z1co] 13/7/2023 09:11

The company is very confident and are expecting 2023 to be a record year.

[z1co] 13/7/2023 09:05

01/06/2023:

Current Trading & Business Outlook

We have commenced 2023 on a positive note with Q1 trading ahead of budget and, whilst remaining mindful of the global uncertainty which could yet have adverse impacts on trading, we expect 2023 to be a record year.

We commenced 2023 with GBP1.8m of work in hand which is a good start to the year, and we are experiencing increasing levels of enquiries from around the world for our products and services. Our business development teams are working on a number of exciting opportunities, and already we are seeing new contracts coming to fruition.

As mentioned in the Divisional Review above we believe the forthcoming Martyn's Law legislation which is due to become law in 2023 and which The Home Office estimates will affect circa 650,000 UK businesses, is a significant opportunity for our business and we look to build on the work we have done preparing for this and the successful contracts secured in 2022 and fully expect to secure further important new contracts in 2023.

Our West African airport operations have continued the growth we saw in 2022 and are currently running at record levels.

Our guarding and training businesses performed well in 2022 and we expect that to continue in 2023.

We traditionally secured one or two large-scale multi-million USD Technology solution sales projects each year although this has proved more challenging over the past couple of years due to customer spending constraints. However, we do have several potential projects in the pipeline, including the postponed project from 2022, which we expect to materialise in 2023.

We are focussed on building our recurring revenue base of contracted income, particularly from long term contracts, which is, and will continue to be, a key growing strength of our business. In this respect we commenced 2023 with over GBP5m of annual recurring revenues, which we expect materially increase through new contracts during the year.

As mentioned in the Divisional Review there are developments regarding the long overdue ratification of our DRC contract and we are hopeful this prolonged process will be finally concluded and the programme will move forward this year.

We are also encouraged that the land issue regarding our West African port project has been finalised and that construction on the new container storage and inspection area can commence.

As previously mentioned, we have not included any revenues from the Ghana port operation in our 2023 internal projections although we anticipate reaching a settlement during the year.

We continue to invest in our worldwide business development programmes in order to deliver on our growth potential, particularly in our long-term major managed services projects. We believe that we will secure at least one, possibly two, long-term managed services contract in 2023, each producing a multi-million dollar step change in revenues.

The foregoing, outlining the recovery and growth we are seeing in our various businesses, together with our business model and the opportunities we have been developing over the years which, despite the challenges and setbacks we have experienced in recent years, underpin our confidence for the future growth of our business. Building on our 2022 results, we believe a record year of revenues and profitability are in sight for 2023. The key to achieve this, of course, is to secure new contracts with enough time to recognise revenues in the year and we are working hard to deliver that.

[deanowls] 22/6/2023 12:05

Haha, they also said many contracts would land, that they would be in profit, that the ship would sail, that vending was the way forward, personal protection or dime like, bridge security, these guys have pivoted that much they must be dizzy.

How’s the cargo business going and how secure is the airport contract? Has it ever repatriated any cash?