Westminster Share Discussion Threads

[z1co] 27/7/2023 11:16

Last year ( 31/12/2022 ) H2 revenue of £5.6m was a considerable improvement over H1 £3.9m which was effected by a number of factors including the tail end of Covid.

The group recorded a profit before tax of £422,000 in H2 which was a massive turnaround from a loss of £787,000 in H1.

The company will announce it's 2023 H1 results in about 3 weeks.

They and an excellent Q1 in which they traded ahead of expectations and this strong momentum has carried through to Q2.

Indeed the company business's are trading at record levels which they last achieved in 2019/20 before covid.

The H1 results will show revenue which is significantly ahead of last year and the company will return to profits.

When this is confirmed the share price will start to rerate substantially from the current levels.

[z1co] 27/7/2023 09:53

The business at the moment is already trading at record levels and all this is yet to be reflected in the share price.

[z1co] 27/7/2023 09:51

Martyn,s Law will be hugely positive for the business from H2 onwards.

[z1co] 27/7/2023 09:39

Figen is the force behind Martyn’s Law (Amended Protect Duty), a legislation requiring publicly accessible locations to improve security against the threat of terrorism and she has campaigned tirelessly for legislation which would see venues adopt appropriate security measures.

The new legislation, expected to be in force later this year, will affect all venues with a capacity in excess of 100 patrons, estimated to be some 650,000 venues across the UK.

Commenting on the proposed legislation Westminster’s Head of Sales, Lorraine Hellend, stated:

“Westminster are proud to have supported Figen’s drive for this much needed legislation, including sponsoring of her highly sought after Dissertation on Counter Terrorism and Protect Duty Legislation in 2022.
“We have been working in collaboration with a number of stakeholders for Martyn’s Law, including public figures, magazines, industry experts and the police in readiness for the upcoming legislation and can not only provide support and consultancy to assist venues understand the requirements but can provide all the equipment, training and support services required.”

Commenting on Westminster’s support Figen Murray added:

“I am grateful for the support and commitment Westminster have provided to this programme and public safety in general. I am committed to ensuring Martyn’s Law is a success and hope that through educating young people around the dangers of radicalisation, I can help stop attacks like the Manchester Arena one from happening in the future.”

[z1co] 25/7/2023 16:02

Shares up 3% on almost 1 million buys , 1.77p being highest price paid today.

The large contracts which were delayed in 2022 could well be announced by the company anytime and even without those contracts the business is trading at record levels.

[z1co] 20/7/2023 17:29

Today's news:



Westminster Group Introduce New Product Partner: AFSS Ltd

July 20, 2023

Westminster Group are excited to announce their new partnership with security designer and installer, Asset & Frontline Security Services Ltd (AFSS).
With an innovative range of Public Impact Protection System (or ‘PIPS’) products, their bespoke barriers are perfectly positioned as recommended solutions for the upcoming counter-terror legislation, Martyns Law.

Their Hostile Vehicle Mitigation post and banner system is a crash-rated flexible barrier system, tested by attacking vehicles of up to 1.5 tonnes and at angles of 30° and 90° - giving pedestrians to al-fresco diners discreet protection from cars that may be driven dangerously.

Founder & Managing Director of AFSS, Steve Moody, said: “After founding the company in 2020, I am thrilled to now be partnering with Westminster Group.

I look forward to working closely with the team to provide customers with the best possible solutions to protect their businesses, and the members of the public who interacting with them most”.

[z1co] 20/7/2023 15:20

another 100,000 buy and they have increased buying to 1.64p for 100,000.

[z1co] 20/7/2023 15:15

The 333,992 purchase has taken most of the stock from the MM's and they are not even quoting for 190,000 and yesterday you could buy 450,000 @ 1.69p.

It looks like the tide is turning.

[z1co] 18/7/2023 12:12

The company has been winning and renewing small contracts , check their website obviously for a massive contract contract they will have to issue an rns.

In the latest interview the CEO is saying that the company is currently trading at pre covid and record levels.

The first half of 2020 was a record before the effects of covid.

================================================================================
Interim results for 6 months to 30/06/2020:

Group revenues up 24% to GBP7.0 million (H1 2019: GBP5.6 million).
EBITDA moves from loss to a profit of GBP0.89 million (H1 2019: loss of GBP0.05m)
Profit before tax of GBP0.24 million (H1 2019: Loss before tax of GBP0.79 million).
Earnings per share 0.16p profit (H1 2019: Loss of 0.58p).
Operationally cash positive in first half.
================================================================================

The company is likely to announce a very strong set of Interim Results next month and the shares will start to rerate massively.

I've been adding recently whilst the price is still at the lows.

[1savvyinvestor] 18/7/2023 11:04

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

[last on line] 18/7/2023 10:59

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

[z1co] 17/7/2023 09:05

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 09:16

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 15:08

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 09:09

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 08:51

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 19:26

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 19:24

This looks interesting zico.

[z1co] 13/7/2023 19:19

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 16:04

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.