Westminster Share Discussion Threads

[loafofbread] 02/11/2023 19:00

Good old fashioned leak would do me.

[loafofbread] 29/10/2023 10:15

You would think Westminster would be coining it now we have 2 massive wars going on.

Only a matter of time before we start having 'incidents' elsewhere, be it knife, gun or car.

[beeks of arabia] 23/10/2023 16:56

Are these still "cheap" at 1.6p?Another bollix ramp by one of the resident leeches. Z1co should be ashamed

[1savvyinvestor] 23/10/2023 08:33

All buys not sells .

[deanowls] 12/10/2023 19:24

Good luck, two years and big drops since you bought.

The Africa space they are in doesn’t seem to work for them at the moment.

[drmaccers] 12/10/2023 17:16

Such is business Dean. I'm happy with the company. Can't control the share price It'll be all good at some point tho. Soon

[deanowls] 12/10/2023 15:07

Told you before many times Maccers, I was lucky to make money many moons ago before I got wise to the hype and hot air.

Remind me again of your posts declaring many millions of pounds profit and how they would be breaking the law if they didn’t?

They don’t make the tech, they merely trade it, and it ain’t the good stuff. Anyone worth thier salt deals directly with smiths and rapid an and the likes. If they were that good why are they waiting for the 700k. Dealing with the professionals you have to have some cash up front!

[owenski] 12/10/2023 10:29

Christ, is this garbage still going.

Always was a total bargepole.

[drmaccers] 12/10/2023 09:45

People pay them for tech.The next few large MSCs will be funded by UKF.Obviously you all lost money on WSG and not irrationally hate a company that doesn't know you exist. Chill

[deanowls] 12/10/2023 09:44

Not if they want to win more business. Where’s that cash coming from?

[drmaccers] 12/10/2023 09:26

They've a 400k untouched overdraft and about to get £700k in trade receivable for a tech solution they have already delivered. Cash is good

[graham1ty] 11/10/2023 21:49

Hahahah, just spotted something in the RNS. Cash is “£0.1m”. Well, thank goodness for rounding !!! Look at the cash flow statement and cash is actually £54,000. But, thanks to the joy of rounding that can be announced as £0.1m !!!!

So, cash is actually half what I thought it was. And losing £289,000 in 1H with a cash outflow of £235,000, er, £54,000 will last about 5-6 weeks.

And that was at June 30th. So….will be gone by now

[graham1ty] 11/10/2023 21:43

A deal with Iran will have disappeared……..

[z1co] 02/10/2023 09:09

Westminster Group PLC (AIM:WSG) said it was "well ahead" of budget in the first half of the year as its West African airport operations and training business both run at record levels.

[deanowls] 29/9/2023 09:40

Really. Looks more dangerous. 2.2m revenue from Africa and as the trade debtor book has grown over 4 million there has to be a large amount here. Sure they said that the airlines were billed directly? I would hope they have bank gaurentees they can e cash.

Record half from Africa, true but not blowing the lights out at +5 %.

As always contracts in finalization, three months to year end so running out of time, start up costs to be funded and actual cash will not get paid this year looking at the current set up.

[z1co] 29/9/2023 09:11

The shares could easily multi bag on a contract news alone from these oversold levels

[this_is_me] 29/9/2023 08:31

Doing a good job at the Tower of London and at the Queen's funeral has resulted in a contract for the Royal Palaces. This will make it easier to sell guarding services in the future.

Still a 10 bag or bust investment. The bust is starting to look a bit less likely.

[graham1ty] 29/9/2023 08:29

At 30 June they had cash of £0.1m and an unutilised overdraft of £0.4m. They must have drawn down on that by now. But secured against what ? And not exactly a vast amount of headroom.

So very odd that not the slightest whiff of a fundraising. With continued losses, an overdraft of £0.4m does not keep you going for long.

Lastly, they announced that they are pleased that trade debtors were up to £4.8m. But, hang on, revenue was only £3.5m. Let us assume UK payers ( for the guarding business) pay on time. So that means someone else is NOT paying up in a timely manner and some must be 9 months in arrears ( taking a guess at £4.8m over £3m non UK revenue).