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London South East Natural Resources Webcast


Westminster Group Share Chat (WSG)



Share Price: 12.375Bid: 12.00Ask: 12.75Change: -0.375 (-2.94%)Faller - Westminster
Spread: 0.75Spread as %: 6.25%Open: 12.75High: 12.75Low: 12.375Yesterday’s Close: 12.75


Share Discussion for Westminster Group


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bamb
Posts: 2,150
Off Topic
Opinion:No Opinion
Price:12.375
no news is good news
Today 21:24
If this deal was a no, it would have been cancelled tout suite. The fact that 2 weeks have already passed bodes well and with Iran now fading a little from the news, it won't be long before WSG can finally announce the deal in all it's glory.
 
Slipperz
Posts: 635
Off Topic
Opinion:No Opinion
Price:12.375
RE: re placing..
Today 16:21
Well, I have the feeling that we are going to hear plenty of good news this Friday!
AIMing_high
Posts: 429
Off Topic
Opinion:No Opinion
Price:12.375
View Thread (2)
RE: re placing..
Today 15:19
i'd be hugely disappointed, but not all that surprised, if they raised equity for the contract - it's a singed, long term contract, that is exactly what banks should be funding.

i also don't think we need to raise money pre the contract, SL and the lack of the ferry really should be taking care of that.

the pre-payment of the vehicle scanner contract i suspect will go towards paying the deposit with the supplier, so i don't think that will help with working capital.

i still have a sinking feeling that they will disappoint on Friday......based on nothing more than the fact that they normally do....still, i'm here for a long time not a good time!
Ian.B
Posts: 14,859
Off Topic
Opinion:No Opinion
Price:12.375
View Thread (3)
RE: re placing..
Today 13:23
Funding for the contract has imo long since been arranged and wont be an equity raise.
MikeGP
Posts: 1,071
Off Topic
Opinion:No Opinion
Price:12.75
RE: re placing..
Today 12:09
With the contract in place,.. I would assume there are other sources of funding available to the company to source any remaining upfront costs,....which would not require any dilution. We know that the setting up of the German subsidiary company also included some advance planning in respect of funding options.

Best
earthling
Posts: 8,970
Off Topic
Opinion:No Opinion
Price:12.75
re placing..
Today 10:28
the last placing they said was to assist this contract. Then the last RNS announcing contract signed but on hold, said but would need to be raised when contract is implemented, as far as I understood it.

If we get the contract and it goes ahead, a placement would not bother me at all and I don't believe it would be for a large amount, and would likely be at a much higher SP than current, once contract is going ahead.
zanmantate
Posts: 846
Off Topic
Opinion:No Opinion
Price:12.75
RE: Placing
Today 09:47
Agreed, thanks for the estimations all.
ToshLines10
Posts: 2,182
Off Topic
Opinion:No Opinion
Price:12.75
RE: Placing
Today 08:35
Good posts. I like it. They have substance :)
charlies
Posts: 751
Off Topic
Opinion:No Opinion
Price:12.75
RE: Placing
Today 08:31
Sorry IN, I’ve just repeated your post. Must have been typing at the same time.
charlies
Posts: 751
Off Topic
Opinion:No Opinion
Price:12.75
View Thread (3)
RE: Placing
Today 08:29
I don’t see any need for a placing just yet. In January they had 0.4m in cash plus about 0.7m from the fundraise so about 1.1m in total. According to the announcement at the time they got through about 90,000 in January so if we take that as an svereage monthly burn then they have enough cash from the last fundraise to see them through until the end of 2018. That doesn’t allow for any potential increase in revenues from SL or from the tech contract. Cash looks ok to me for now. Just the CLNs to roll over and sorted for the time being.




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