onewayticket
27 Dec 2017
The Reason for the Rise Westminster Group Plc:Major Middle East Project Opportunity UpdateWestminster Group Plc ('Westminster', the 'Group' or the 'Company'), the AIM-listed supplier of managed services and technology based security solutions, is pleased to provide an update on its previously announced major long-term project opportunity within the Middle East. On 22 September 2017, the Company announced that certain Board members had met with and reached agreement with the client and other administrative bodies involved on the key points of the long term Middle East project opportunity. Since that time, further extensive discussions have been taking place regarding priorities, order of roll-out and the client's growing requirements.Whilst these negotiations have taken longer than expected, the Company is pleased to report that senior management, including the Chairman and CEO, have just returned from an extended visit to the country concerned and all but a few more minor commercial and contractual issues have now been agreed. Due to the complexity and increasing potential scope of this project, it has now been agreed to undertake the project in phases, with the initial phase expected to be worth approximately €24m per annum to Westminster. Any future extensions and changes of scope are expected to be subject to price revision.In order to achieve the commercial and contractual agreement, the contract required approval by a number of governmental departments and organisations, all of which have now been received. The client now has one final internal approval process to complete and whilst with any project of this size and complexity there can never be certainty of timing or outcome, the Company expects to provide a further update on this project opportunity in January 2018.Plans are in place to raise the required funds to support investment in this project and other potential new Managed Services contracts, details of which will be announced in due course. These plans are now expected to be implemented in Q1 2018 with the commercial and contractual issues having been agreed later than anticipated at the time of our Interim Results announcement in September 2017The Company will provide a trading update on its business activities for the year to 31 December 2017 in January 2018.Still early daysOwn due diligence
onewayticket
27 Dec 2017
Re: This is a must BUY owo,50p I think understates things and it may well end up at double that.WSG is up another 36% today but being as that's off a low starting point its only around 6p on the day. There should hopefully be a long run of days of varying gains as this re-rates back upwards and reclaims previous ground from better times. They say the trend is your friend. Volume today is at just short of 12 Million and I think an increase on the start of things with Fridays news. That increased volume should tell you all you need to know. Further 5 or 6p gains consistently for several more days should be on the cards and should see fairer value established.Own due diligence.
old wise owl
27 Dec 2017
Re: This is a must BUY With the contract announcement anytime from next Tuesday (Jan) the price is properly beginning its meteoric rise.30p plus last time we got near but this is now almost nailed on according to the latest RNS.Funds will need to be raised but that happened at 10p before and then the price raced to 30p plus.A good fund raise with the contract and no reason on market cap why this shouldn't be 50p. Good luck to all patient long termers and those jumping aboard for the action coming soon.
Damp Seaweed
27 Dec 2017
Re: This is a must BUY Just bear in mind that they are going to need to raise an unspecified amount of capital to fund this contract.
coldascheese
27 Dec 2017
This is a must BUY In my view,although the share price has risen. this is a Must BUY as the company has already announced that it expects a contract award this month of appx 22million euro per annum probably for a period of 10 years ,so thats 220 million euro in total.Thats only the start and we can expect a further 10 million per annum to be added to that from the same client, later in the year.As well as this order the have possibly another 3-4 contracts they are working on that could come to life at any time.This is a huge jump from where the company is at the moment and improves the potential for the company to grow and grow.One can expect the share price to keep ticking up, and when the actual order (Due end of Jan)is announced, a big jump.Share price anticipated to be at least 50-60p on announcemenr.
one4all
27 Dec 2017
remember 24 mill euro per year market cap of £24mill now... a no brainer...25p coming very soon
tradingup
23 Dec 2017
TODAY'S MEDIA COVERAGE Extensive coverage of yesterday's RNS in the market summary in the Times. Helpsto draw PI attention to the company which will hopefully help the sp.
Noville2
22 Dec 2017
Re: Christmas present for 2018 Agree New Year new outlook...onwards and upwards..(hopefully)Happy Holidays.
onewayticket
22 Dec 2017
Re: Christmas present for 2018 Noville2The cause of any naysaying by anyone on this Bulletin Board or any other lies firmly at the foot of PF for the previous overenthusiastic of timeframes, vagueness and the frustrations of non-delivery for so long accompanied by constant trips to Darwin. Then don't forget what can only be described as a Flagship ferry enterprise thats sunk.Now that's all behind us.A new chapter dawns for the company. Lets move on and start thinking of Margin on €24Million / Roughly £21.5M per year in a 15 year deal and the P/E ratios that should follow.It should now stick to its core business and there are 8 other MOU's also in the background and with several of those also game changers and at advanced discussion stage.The transformational nature of this one hasn't even started to reflect in the share price yet.Own due diligence.
Noville2
22 Dec 2017
Re: Christmas present for 2018 Also remember all the negative naysayers on this board, that were constantly knocking this share, yes indeed a great Christmas present for all the believers .
JJPHOME
22 Dec 2017
Long wait, but worth it I have bought several tranches of this share and watched it fall and fall. My faith was almost at an end, but this is the great news we have all been waiting for. Onwards and upwards from here !!
onewayticket
22 Dec 2017
Headlining for All the Right Reasons [link] due diligence
Nice to Michu
22 Dec 2017
Re: Christmas present for 2018 Excellent to see that it looks like they will FINALLY complete on this contract in Jan..no doubt the final sign off will take weeks instead of days but I think this will defo. complete and this company will move to a new level in 2018... I see a reasonable s/p bounce this morning but from a 9p start it's not a great bounce imho:Colour on the detail of the deal is huge towards gleaning as much as possible - obviously they'll not spell it out - on the margins /profitability and off the back of that hopefully we go back towards 30p ... and then incrementally on from there thru 2018... previous talk of a pound in 2018 is significantly excessive though imho.. (if the company goes from strength to strength from here maybe that happens in 2019 though)Also as oneway says getting the first over the line makes getting the next one easier.. etc..Keep keeping the faith here !
coldascheese
22 Dec 2017
Re: Christmas present for 2018 Share price will be a multiple of this when contract announced-brilliant news.
onewayticket
22 Dec 2017
Re: Christmas present for 2018 old wise owlIts a transformational deal and should continue to rerate upwards.I think you may well be right that its one of the shares for 2018. I remember the 30p on rumours.I also remember the now something like 8 other MOU's that are also loitering in the background.One falls into place then expect more.Own due diligence.
