Share Name Share Symbol Market Type Share ISIN Share Description
Westminster LSE:WSG London Ordinary Share GB00B1XLC220 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 26.00p 25.50p 26.50p 26.25p 24.25p 26.00p 1,239,949 16:11:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.4 -2.0 -2.5 - 31.62

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Trade Time Trade Price Trade Size Trade Value Trade Type
16:28:3625.607,8622,012.67O
16:26:3826.209,3242,442.89O
16:11:2625.605,5671,425.15O
16:04:1026.30623163.85O
16:02:5226.2056,13014,706.06O
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Westminster (WSG) Top Chat Posts

DateSubject
23/1/2018
08:20
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 26p.
Westminster has a 4 week average price of 16.13p and a 12 week average price of 8.63p.
The 1 year high share price is 29.50p while the 1 year low share price is currently 8.63p.
There are currently 121,618,420 shares in issue and the average daily traded volume is 1,297,515 shares. The market capitalisation of Westminster is £31,620,789.20.
13/1/2018
17:04
owenski: Sounds like another con to jack the share price up for the next fund raise imo
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.
03/1/2018
19:30
youkme: If they are warrants being cashed then alarm bells should indeed be ringing. Head on the block for BOD after the latest ramptastic rns But who can possibly blame them if the market keeps believing? Pattern of RNS though over many years is incredible and nearly always when money is needed. And more lately, when money wasn't available to be raised because the share price was below nominal. January or investigation imo simple.
02/1/2018
08:53
jp1962: What share price in contract anyone? Is it in the price now
27/12/2017
15:49
someuwin: Still a huge disconnect here between current share price and value attributable to this ME contract. If it goes ahead as planned in January then multiples to be had.
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.
07/12/2017
14:42
youkme: very strange share price over the last few days even by wsg (dog of the year?) standards Any ideas?
26/9/2017
06:52
graham1ty: Ironically the price will probably go up. Last time Beaufort very effectively massaged the share price up to c18p allowing a nice little turn ( er......up to 80% ) to its punters. Will try to do the same again now. As WSG must have known they needed these funds weeks ago, I am surprised it was not done earlier, when the price was higher. They might have got it away at 12p or so.
29/6/2017
13:09
loobrush: WSG is a risky share to buy,however having said that I must admit the AGM statement and comments from those that attended AGM is indeed very bullish. Clearly the Directors who are flying to see the customer expect to come back with an order otherwise they would not have mentioned it. The share price, if the contract is won could easily surpass 60p based on the contract value and once one contract is agreed I feel that the others might well also follow as it will give others the confidence to go ahead. So to my mind you risk the share price dropping 50% if its a no go or it multiplying by 400% or more if the contract comes in. I think that even if news comes out that they have flown could well see a price in the mid twenties,it has reached 30p before on possible news. . All in all this is one of the best odds on thing I have seen on Aim this year and have increased my holding.
22/11/2016
13:13
loobrush: lse comment Opinion: Strong Buy Price: 16.125 View Thread (6)Loan note terms-detailToday 12:48Reading the RNS carefully I have noted the following. The loan is such that it is not all issued at once,WSG can take it as required in £25,000.00 bites. Conversion terms of loan are- no conversion before January 1st. After January 1st conversion to be at the lesser of 63p per share or 90% of the average of 5 lowest days out of the ten preceding conversion. So to me it is clear that WSG are expecting AN ORDER PRIOR TO XMAS in which case either they can pay of theamount of loan drawn or the price Darwin can convert the loan at will be much higher than todays price. Also they don't have to take all the loan if they don't want to. Darwin also have warrants converible at 28p The loan is very flexible in that basically WSG pay 10% for all they borrow, but they could borrow nothing or the whole amount. Whilst Darwin will get 10% on all borrowings, if the share price takes off prior to Xmas they wiuld have to pay 28p to exercise the warrants and the loan could be converted (terms as above) ata discount to the share price then. So there is no reason why the share price should have dropped so much today in my view as this is all pointing to WSG expecting a deal before Xmas. As this loan with Darwin was also agreed with their major shareholders they must have information that indicates this will be so. Its a great 50-50 gamble that they will achieve this-so I have added to my holding-the next weeks prior to Xmas should be very exciting
Westminster share price data is direct from the London Stock Exchange
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