Westminster Share Price (WSG)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Westminster	LSE:WSG	London	Ordinary Share	GB00B1XLC220	ORD 10P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-0.25p	-1.82%	13.50p	135,341	08:03:12

Bid Price		Offer Price	High Price	Low Price	Open Price
13.00p		14.00p	13.75p	13.50p	13.75p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	5.40	-6.12	-5.60		16.4

Related Shares
Experian (EXPN), Ferguson (FERG), PHSC Plc (PHSC), Nakama (NAK)

Westminster (WSG) Latest News

Westminster News

Date	Time	Source	Headline
31/7/2018	07:01	UKREG	Westminster Group PLC Issue of CULN and Project Update
26/6/2018	12:28	UKREG	Westminster Group PLC Result of AGM
26/6/2018	11:27	ALNC	Westminster Group Places Iran Projects On Hold After US Sanctions
26/6/2018	07:10	ALNCF	Alliance News Flash Headline
26/6/2018	07:00	UKREG	Westminster Group PLC AGM Statement
04/6/2018	07:00	UKREG	Westminster Group PLC Annual Financial Report & Notice of AGM
01/6/2018	13:03	UKREG	Westminster Group PLC Grant of Share Options
29/5/2018	12:27	ALNC	Westminster Group Appoints Former Bell Pottinger Director To Board
29/5/2018	07:01	UKREG	Westminster Group PLC Directorate Change
25/5/2018	11:25	ALNC	Westminster Group Report 22% Jump In Revenue In Transformational Year

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Westminster Takeover Rumours

Westminster (WSG) Share Charts

1 Year Westminster Chart

1 Month Westminster Chart

Intraday Westminster Chart

Westminster (WSG) Discussions and Chat

Westminster Forums and Chat

Date	Time	Title	Posts
14/8/2018	16:45	Westminster Group (WSG) Secure future	13,782
14/8/2018	09:50	Not for rampers	1,386
04/6/2018	13:26	Westminster (WSG) One to Watch Monday	1
21/3/2017	06:22	Plenty of upside for Westminster Group says Doc plus #blnx #tsco #gkp #lgo #sbry	1
20/3/2017	16:50	TipTV: Westminster Group Support towards 30p	2

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Westminster (WSG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
15:03:20	13.15	20,000	2,630.00	O
14:45:30	13.62	10	1.36	O
14:15:54	13.15	14,495	1,906.09	O
13:38:59	13.18	7,664	1,010.12	O
10:55:07	13.65	36,538	4,987.44	O

View all Westminster trades in real-time

Westminster (WSG) Top Chat Posts

Date	Subject
17/8/2018 09:20	Westminster Daily Update: Westminster is listed in the Support Services sector of the London Stock Exchange with ticker WSG. The last closing price for Westminster was 13.75p. Westminster has a 4 week average price of 8.50p and a 12 week average price of 8.50p. The 1 year high share price is 29.50p while the 1 year low share price is currently 8.50p. There are currently 121,618,420 shares in issue and the average daily traded volume is 361,284 shares. The market capitalisation of Westminster is £16,418,486.70. Read Full Thread Reply
14/8/2018 14:32	deanowls: I actually worry if they do get it. Yes the share price will probably bag however for them to run this contract or even get it they have to have people on the ground that know how the Middle East and Iran in particular work, not an easy place to do business and there are multiple government depts to work with. Lots of balls to juggle. Read Full Thread Follow Reply
31/7/2018 07:57	graham1ty: From the other place “Only £0.19m is a pretty small raise. Its almost as if they're expecting large amounts of cash flow in the near term.. :)” That is one of the funniest bits of wishful thinking I have ever heard. Let us try a few others: The Iran deal on hold is really good news as they can concentrate on all the other MOUs Having no money means they must be really careful how they spend it The vast amounts the Board are paid means they will be able to buy more shares I want the share price to fall so that I can average down Etc Read Full Thread Follow Reply
17/7/2018 19:09	youkme: Interesting article in shareprophets “Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell. Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri. But things are going to get worse. You see the money's almost gone.... The company managed to postpone repayment of its £2.245 million long term debts in June, but only by a year and it is now paying 12% interest in that debt. And it is still burning cash at an operational level. Though it boasted cash of £700,000 as at May 1. – the implied cashburn in the first five months of the year was £500,000 and net current assets at May 1 were almost certainly closer to £300,000 than £400,000. Which means that as things stand net current assets could well be negative by September. Raising cash, especially when you are running on fumes, will be tough in holiday plagued August and that means that Westminster must either pass the hat around very soon or leave until the wire in September. What is the betting that recent share price weakness is caused by low grade broker share price Angel scuttling around the bucket shops asking just how enormous a discount they will demand for bailing out Baldry & the sinking Westminster ship once again? Westminster is now a bucket shop only company. The next placing has to be at a brutal discount. Keep selling.” Read Full Thread Follow Reply
25/5/2018 15:28	threeputt: well I asked the question on Stockopedia and: It wasn't you was it Graham ? Westminster (LON:WSG) Share price: 13.5p (+6%) No. of shares: 125 million Market cap: £17 million Final Results Extension of Convertible Secured Loan Note I'm not sure if I can motivate myself to look at this one in much detail. It has announced an adjusted EBITDA loss from continuing operations of £0.5 million. Big picture view: Our vision remains to build a global business with strong brand recognition delivering niche security solutions and long term managed services to high growth and emerging markets around the world, with a particular focus on long term recurring revenue business. It signed an agreement to provide services at an Iranian airport, which has been delayed by Trump's withdrawal of the US from the Iran nuclear deal: "...the Iranian airport project in question, which is just one of over 60 airports in the country, would, if it proceeds, add over €24 million Euros annually to our revenue." So perhaps Westminster was unlucky this year. But it has been around for a long time. 2017 is its eighth consecutive year of losses, and over this time its share count has increased by over 700%. I can't see evidence of it having produced any intellectual property or a valuable brand in all of the time it has been listed. It looks fundamentally unsuitable for a stock market listing and I have no choice but to place it in the Bargepole category Read Full Thread Follow Reply
29/4/2018 09:04	youkme: Yes, all good points. Equally though surely, Placing is possible, CLN holders could insist on repayment. Can't rule out Darwin either imo. Renegotiate the CLNs is an interesting one and as you say if the bond holders have some info available to them then the new price will be all telling imo. 40p you say graham says 25p; price will tell us all we need to know in that case And last but not least if the share price is above 35p then its easy. Read Full Thread Follow Reply
28/4/2018 19:33	youkme: Graham- there was only one of us using obscenities. only1gibbo- thanks for your take on it. But I fail to see how what I have said is incorrect. With the share price as is, WSG will have to raise money to repay. I had not considered the roll over prospect, so point taken and accepted. The poster who said that they can concert at 35p (no matter what the price) was incorrect and I merely corrected that. WSg have already indicated that they would repay this in June in one of their own RNS Read Full Thread Follow Reply
28/4/2018 19:15	only1gibbo: Actually, it isn't a fact. The terms of the CLNs are: "Company can force conversion if the share price is > 65p for 15 working days after 19 June 2016. Company can make repayment without penalty if the share price is > 42p for 15 working days after 19 June 2016." As we are 7 weeks away from the maturity date, with the possibility of announcing a significant contract in the meantime, it is still quite possible that the share price could exceed 65p for more than 15 days before then, leaving the company with the option of forcing conversion. However unlikely you think that is, it is still a real possibility and therefore it is incorrect to state that it is a fact. You should not mislead people. Furthermore, even in the event that the ME contract is not signed prior to that date, and the previously announced financing package (which we are told will take care of the CLNs) is therefore delayed further, it still does not follow that the CLNs will necessarily need to be cash settled. It is quite possible, in fact I would venture quite probable, that the CLNs will be rolled over / extended for a further period of time. By doing so, the holders of the CLNs would maintain their conversion option, with the potential share price gains when the contract is announced, whilst earning a healthy (currently 10%) return pa, and also having a fixed and floating charge over the assets of the company as security. (Just I case it isn't obvious, that is little downside risk, with huge upside potential whilst earning 10% in the meantime). Given that the company has no other debt, I suspect it will not find that a difficult task to achieve. Your implication that the Company is somewhat in dire financial straights and therefore in urgent need of dilutive fund raising is disingenuous at best. Read Full Thread Follow Reply
08/4/2018 08:10	youkme: Yes but if the share price is where it is it will take far more shares to repay the 2.2m. It can only convert at 35p if the share price is at or above that price. So as you say 2.2m in cash or X number of shares depending on what price share price Angel can get them away at imo. Couple that with the "keep the lights on" and circa £3m might not be an unreasonable amount. Can share price Angel get that much away? Who knows. Nominal value at 10p darwin might well be interested AGAIN imo Market cap £26m, as I say considerable dilution can be expected just imo Read Full Thread Follow Reply
12/1/2018 16:12	loobrush: Price rising as share price is still way to cheap with phase one of contract worth at least euro 22 million per annum for 10 years = (euro 220 million). Thats only the start as contract due to increase to probably euro 330 million Announcement due anytime in January-not may days left. Share price should rise to at least 50p -could be a lot more. Read Full Thread Follow Reply
23/12/2017 16:34	nick2412: Profit margin on the ME contract should be about 50%. There will be upfront costs hence the funding but this should primarily come from a bank loan backed by UKEF (UK Export Finance). Reason for most if not all of the envisaged funding coming from a bank loan is because:- a) WSG deliberately sought a replacement FD whose background has been heavily involved with UKEF. b) In the context of Brexit the Govt is trying to help companies get contracts in non EU countries hence the countless references by WSG in the last 12 months to 'high level' UK Govt support. c) the contract looks like it is quite probably Muscat / Oman with the new terminal trials set to conclude with the test flight which I think is today. Liam Fox announced in April this year that the amount of UKEF finance for companies with contract with Oman has been increased from £2b to £3b d) The business model with WSG getting automatically paid direct by the airlines will easily meet the criteria of UKEF. So most of the funds will come from UKEF and perhaps a small equity raise. 121m shares in issue now and conservatively I'd factor in 135m shares. The £2.5m loan is I believe convertible at 30p in June or July next year so that accounts for circa 8m shares as when the contract, that looks nailed on, is hopefully signed in January the share price should be well above 30p so I'd envisage conversion rather than repayment. Once this LOI is converted into a contract then credibility is established both with the clients for the other MOU's and the market should give some weight to these. So a 15 year contract worth £22m for the initial phase with a 50% profit margin should get a decent P/E assigned. Also if it is Oman the passenger figures projected were 12m per annum but Oman has had growth and there is planned scope, subject to demand, for increased capacity right up to a maximum of 48m over time. Oman like a few ME countries has plans for a futuristic city. The are other international upgrades as well which WSG may be involved in either from announcement on the contract or in additional phases. So that leads to the question what m/cap should the market assign to a company (when it gets confirmation) with an initial phase contract of £22m, an estimated 135m shares in issue, profit margin of about 50%, scope to fund it primarily with UKEF and perhaps a small equity funding contribution. With a P/E of 10 we are looking at 74p . A P/E of 15 gives 111p. I'd argue for the latter given the £22m figure is the first 'phase', there are other MOU's plus the potential border contract in the same area that will suddenly gain credibility and be factored in. Understandably, given the delays, these MOU's plus the potential border contract currently have zero value factored into the share price. The market usually discounts so I wouldn't expect an immediate post contract £1 a share price but if the funding is, as I'd expect, primarily UKEF based then it should do over time. Pre-contract then I can see the price trending to mid 20's. Interesting times and a nice Christmas announcement. Read Full Thread Follow Reply

Westminster share price data is direct from the London Stock Exchange

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