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	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.125p	-0.77%	16.125p	15.75p	16.50p	16.25p	15.875p	16.25p	476,176	13:00:36

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	4.4	-2.0	-2.5	-	18.26

Related Shares
Experian (EXPN), Worldpay (WPG), PHSC Plc (PHSC), Alpha Returns (ARGP)

Westminster (WSG) Latest News

Westminster News

Date	Time	Source	Headline
29/6/2017	12:02	UKREG	Westminster Group PLC Result of AGM & Board Changes
29/6/2017	07:21	ALNCF	Alliance News Flash Headline
29/6/2017	07:00	UKREG	Westminster Group PLC AGM Statement
09/6/2017	07:00	UKREG	Westminster Group PLC Notice of AGM
05/6/2017	10:58	ALNC	Westminster Group To Appoint New Chair And CFO As It Books Flat Loss
05/6/2017	07:00	UKREG	Westminster Group PLC Final Results
31/5/2017	13:25	UKREG	Westminster Group PLC Total Voting Rights
25/4/2017	17:26	UKREG	Westminster Group PLC Holding(s) in Company
18/4/2017	18:06	UKREG	Westminster Group PLC Replacement - Issue of Equity
18/4/2017	09:12	ALNC	Westminster Raises GBP1 Million As It Gets Closer On MidEast Deal (ALLISS)

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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
17/8/2017	16:50	Not for rampers	680
11/8/2017	13:59	Westminster Group (WSG) Secure future	13,279
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
11/8/2014	14:55	Westminster Group (WSG) - recovery from 40p zone.	-

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Westminster (WSG) Top Chat Posts

Date	Subject
20/8/2017 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 16.25p. Westminster has a 4 week average price of 14.63p and a 12 week average price of 13.13p. The 1 year high share price is 35.50p while the 1 year low share price is currently 9.88p. There are currently 113,243,420 shares in issue and the average daily traded volume is 645,873 shares. The market capitalisation of Westminster is £18,260,501.48. Read Full Thread Reply
05/8/2017 11:11	only1gibbo: Hi Nick, I really don't think that there was any window when they could have purchased once they entered into contract negotiations. Don't forget these have been largely complete since last July so they have had a lot of price sensitive information during this time. So far the market appears to have dismissed the chances of the contract landing. I am sure that view would have changed before now if the market knew 100% for sure where the contract is and the reasons why it hasn't been signed yet. The BoD have known that information throughout this time. They will also have had knowledge of the resources required to deliver the project and the costs involved, all of which would be gold dust in trying to determine a fair price for the shares. You only have to look at the reaction of the share price since you published your research to see how price sensitive just identifying Egypt as a very strong contender was. Also key (if we are correct that Egypt is the place) is that this contract could have been signed at any point in the last 12 months if the government had been prepared to lift the flight ban at Sharm. What would we all have said if the BoD had bought shares at some point since the MoU landed and the contract had been signed say a month later because the government had suddenly lifted the ban? For a start, the press would have had a field day with Sir Tony Baldry alone given his background as a Tory MP. Read Full Thread Follow Reply
27/7/2017 16:20	threeputt: Share price slipping doesn't indicate anything happening 'soon', you will always get an indication no matter how much a tight ship they intend to keep, share price more suggests another placing coming, that Duchess won't come free Read Full Thread Follow Reply
24/7/2017 11:16	graham1ty: Neo, you need to heal your wounds, time to move on and sell WSG, it is evident you paid much higher than these levels and are praying the share price will rise. It is understandable you are annoyed with anyone who questions yr position. PS, just remind me which bit of my criticism of WSG has been wrong ? The cumulative 13 years of delays ? The twenty three fundraisings ? Read Full Thread Follow Reply
05/7/2017 11:01	nick2412: Notes from AGM. DYOR etc. :- A very reassuring AGM. I find AGM’s very revealing in terms of seeing and hearing the board in person rather than just looking at the cold print of an RNS. It’s incredibly useful in terms of getting hard information and, particularly for me, getting a ‘feel’ for how things are going along with subjective interpretation on integrity and such like. Note to myself :- I must attend more AGM’s. I went with an open and slightly sceptical mind. After speaking with them both, I was impressed in particular by Martin Boden the new FD for his background and contacts with the likes of UKEF and Peter Fowler. PF came across as honest, open and driven. He has, of course, significant skin in the game and I sensed his controlled excitement at being close to achieving the breakthrough we have all been waiting for. Some much longer than me of course. Anyway, enough of the preamble. Here’s my notes. Thanks to Razorman (on LSE) for his word for word accuracy and all the others who attended for their notes. I was scribbling whilst listening, so, if there are any differences in quotes, please take Razorman’s version as gospel. Directors share purchases :- “We would like to buy shares now”. There was a distinct emphasis on ‘now’. PF used these words to emphasise “believe me” if we could buy now we would and “sincerelyR21;. LOI and MOU’s. PF explained the difference between an MOU that provides for a ‘general understanding’ of intent and and a LOI which is the next stage up and it highlights “substance from a client” … an “intent to end up in a contract situation.” ME contract :- They expected to sign the ME contract several months ago but the scope was increased significantly. It has been “extended to other areas” and the additions are “substantial / complex”. The zero cost of funding for the client due to payments added to airline tickets is extremely attractive to the client. A question was asked about exclusivity of the LOI and PF said “emphatically yes” but it is not “enshrined in law”. It transpires, however, the client wants it done as much as Westminster. The client spends a lot as well and has a vested interest in it not collapsing. “They want to get it to the finishing line as soon as possible.” PF gave some detail on the work involved regarding the ME contract. Infrastructure : “Complex supply chain… majority in place”. “ Will everything be in place by the time we sign the contract? No” “Enough to sign the contract? Yes” Sometimes PF used the word “when” we sign with regard to the contract and, no doubt feeling the presence of the obligatory pantomime villain NOMAD in attendance, belatedly added the usual caveat. PF on expenditure for the contract :- Yes some money (I think it was circa 220k in the accounts) has been spent on the ME contract but they are “spending to produce” high growth. Westminster could be “a very profitable small security group” with slow growth. PF (obviously) prefers the high growth route. In terms of valuation / share price he later added that he has an exit route and it is substantially above two pounds. Germany Office:- There is a “strategic reason” for it. They can’t say the reason now but it will become clear once the contract is signed. It’s not the main reason but in the context of Brexit it is useful to have an off-shoot in Germany. It will provide strategic support in areas such as finance. Travel to ME contract country is “on standby” “.. “ expecting to go fairly soon”. My own thoughts are that that the end of Ramadan is significant here and they have been awaiting this. PF said shareholders should be cautious about over speculating on the contract location etc. and clearly the country in question have wanted anonymity so PF is very conscious of adhering to and respecting that. Ferry business:- There was some frustration of a missed opportunity. A ferry service was needed as the existing ones were so poor and airlines were threatening to pull-out. The SQ damage gave the competitors a chance to improve. Prior to that the SQ could have mopped up pretty much all the business. Competition still does not match the quality and service of the Sierra Princess and they charge exactly the same price but they were able to get in with travel agents etc to take substantial business. SQ needs an engine service but realistically it’s not viable in terms of numbers for the shorter route to and from the airport so longer trips are being looked at. Westminster now have very good staff running things and, from post formal meeting chat, I discerned they will turn things around with measures in hand but it’s the managed services division (airports / port security) that is key with this Company. There is as PF pointed out a 200,000 captive market. SL Lungi Airport :- Top 20 airline praised the security provided by Westminster and is looking to begin routes to SL. There is an annoying tax that is nothing to do with Westminster added to tickets for incoming passengers to SL and it’s related to the immigration system. PF pointed out that air tickets are expensive anyway to SL and, whilst this added amount is an annoyance, he asked rhetorically ’do passengers stop flying?” Not really, no” was his conclusion. His personal view was that eventually the tax will be removed. SL is a profitable route for the airlines and passengers are increasing. SL contract renewal for Lungi airport is 2020 and, since Westminster have ”massively improved security” during testing times and the ebola crisis, then PF was “pretty damn sure of renewal.” Border contract :- Still live. Same region. Not the same client as ME contract. Couldn’t say too much as “Current intense negotiations.” Shareholder information :- PF said from the beginning he has always wanted to engage with shareholders . This was very clear by his open and shareholder friendly approach at the AGM. The Company, however, was deluged by questions and had to take a step back. In answer to a query by a shareholder PF said they will consider doing a Q & A feature on their website. I suspect right now they are wholly focused on the ME contract conclusion. Read Full Thread Follow Reply
29/6/2017 14:09	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. Read Full Thread Follow Reply
06/6/2017 10:15	graham1ty: One of the key claims made by rampers of WSG is that the underlying business is profitable and cash generative, and therefore underpins the valuation. It is claimed that the current share price is justified by existing revenue streams, and that the ME and other MOUs are in for free. No downside, lots of upside. The trouble with that is that the underlying business lost £1.9m and needed £3m of new cash through placings and Darwin Loan notes. WSG is no closer to profitability over all than it has been for years. The ferry is a disaster, there is no specific mention of cargo revenues and Lungi flight build up is very slow. Even if you strip out the pre contract spending, the ferry pre launch cost and the increase in personnel, you do not get a business that has underlying profitability Read Full Thread Follow Reply
14/5/2017 14:53	donk7: No doubt premature a couple of years ago Graham. I can (genuinely) understand your issues with WSG if that's when you invested. I wouldn't say it's premature to suggest Oman given all the supporting evidence. Which country do you think it is then? In terms of taking a position I believe it's better to be premature at share price lows with funding out the way and growth in other parts of the business than trying to get stock at what would be substantially higher prices post any contract news. Now seems rather timely with plenty of pointers to Oman ... * Westminster apparently advertising specifically for Oman Airport staff * Successful passenger simulation tests for Muscat International Airport taking place with unspecified groups involved in the project. * Westminster recently announcing significant progress on the ME contract. Yes, they have done so prematurely before but in context of other developments then it looks good. * French security Group Thales getting the security contract for the new Oman airport except for functions that would fit with the contract duties anticipated for Westminster * Westminster advertising for airport personnel and specifying it's essential they speak French. * Muscat International Airport previously hit by delays that tie-in with earlier WSG delays but now "96% complete" and looking on target for opening before year end with all contracts in place. * UK having Close diplomatic and trade ties with Oman with recent high level UK ministerial talks with the Gulf 6 nations that include Oman on matters including airport security. * The value of the ME contract 35m plus and the add-ones fits with Oman and it's new regional airports. * Your good self projecting a run-up to 20p. Read Full Thread Follow Reply
27/1/2017 11:12	graham1ty: It is extraordinary there has been no announcement of conversion by Darwin. The original RNS said that at 21.75p there would be issued about 6% more shares. On current issues capital of 87.1m that would be about 5.2m shares. However, that was not quite right as Darwin gets shares at a 10% discount, so when WSG quoted a 6% issue at 21.75p, it should actually have been an issue at 19.6p, and about 5.8m shares needed. But what now ? At 14p, Darwin can convert at 12.6p. That is nearly half the level of the illustration they gave, and at that level about 9.5m shares are needed ( £1.2m divided by 12.6p) which is 11%'of the current issued capital. But look at the number. This means they have to pre-place ( forward sell) 9.5m shares ! Blimey, the share price is down a penny today on just 200,000 traded. Imagine where the share price will be once they start selling ! Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
11/7/2014 14:40	saucepan: Hi eeza I first started building a position in WSG at around 16p levels and rode up into the 80s. I sold out when 80p failed. I tried buying back when it looked like things were bottoming at 70p, but sold out when 70p failed - so that was an unsuccessful trade. Yes, I am only just buying back in again. Re your query on Weinstein's approach: For me, whether to sell up or reduce on a break of the 50 day moving average is still an intuitive decision rather than a hard and fast rule. I would definitely sell up if the 150 day MA is breached. Sometimes I wait for a two-week candle to form below the 150 day MA as confirmation rather than the first day a stock falls through the 150 day MA - just in case there is a quick spike back up. I once read that it is good to think of support levels as a "mattress" (thus with a bit of give and spring) rather than as a rigid line. I think there is something in that. As to WSG currently, yes: you are right, the WSG share price is not yet above a rising 150-day MA and nor has the 50 day crossed above the 150 day: so this is not a strict "Weinstein" trade for me. However, having followed WSG so closely for a long time, I like to think I have a bit of a feel for it and I liked the current risk reward set up. My first entry point has a stop below 50p. I added again today on the basis that 60p looks as if it could be offering support. I'll ride momentum while it is there, but would not hesitate to get out quickly if the trade goes against me. I still have considerable bearish reservations about the WSG story even though I also like the bull case. However, it is what the market thinks, not me - and it does look like buying interest is returning judging by the turn up in the chart. Read Full Thread Follow Reply

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