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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Westminster Group Share Chat (WSG)



Share Price: 14.50Bid: 14.00Ask: 15.00Change: 0.00 (0.00%)No Movement on Westminster
Spread: 1.00Spread as %: 7.14%Open: 14.50High: 14.50Low: 14.50Yesterday’s Close: 14.50


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Bigears1170
Posts: 713
Off Topic
Opinion:No Opinion
Price:14.50
RE: Smithers
Sat 22:55
I don't think anyone disagrees Muscat ticks a box or two , plenty of posters have made some interesting links between PAX & contract value - Thales being a French company and the MSI for Muscat and Salalah , coupled with our genuine French speaking job adverts again suggested a link by some - we had our dodgy job advert - Liam Fox and his DIT colleagues popping back and forth to Oman, the hint of an existing special relationship suggesting a shoe in , we had Theresa May's visit to the region with security being high on her agenda convincing many that Oman was a slam dunk ....... just waiting for Brexit to be triggered prior to announcement I seem to recall a few saying ...........

As I said in an earlier post our ME LOI advised of a £30m PA airport which we were told had undergone gap analysis - why would gap analysis be required on a brand new airport which has one of the world leaders in airport security overseeing its integration ?

If it were required does anyone seriously think that the Omani's would be sending for our boys from Lungi to carry it out ?

If we did toss our hat in to the ring I don't see our balance sheet getting us past pre qualification stage with either Thales or the Omani Govt - ( which is why I see our new CFO coming on board with his expertise in working with UKTI and UK Export Finance on overseas projects ) , I also don't believe our credentials within the industry would satisfy Thales / Oman of our expertise for such a large and prestigious airport contract - Oman must have every blue chip in their field of expertise kicking the door down for any Govt tenders , especially those 25 year £30 MPA RR contracts ......
 
The suggestion made by some that Thales being a French company would require French speaking engineers is tenuous at best , the ICAO deems English as being the official language of the aviation industry with it also being recognised as being the second business language of Oman.

Liam Fox’s visiting Oman may well be seen as indirect evidence by some , however since Brexit he and his DIT ministers have visited over 40 countries to include Singapore, Australia, Indonesia, Thailand, Hong Kong, Vietnam, Burma, China, South Korea, Japan, Mexico, Colombia, the US, Turkey, Israel, Norway, Slovenia, Slovakia, the Czech Republic, Austria , Brazil, Germany India, France and the Philippines ..............etc etc etc .....I don’t see the Oman visit as being any more relevant than any other country visited ...

As always , AIMHO and happy to be proved wrong !
 
Smithers0907
Posts: 37
Off Topic
Opinion:No Opinion
Price:14.50
This Week
Sat 22:40
... Well it's Eid tomorrow, and the AGM on Thursday. Hopefully the LSE faults are corrected by Monday morning, and we'l have a great week!

Good Wknd all,

DS
aliaspc
Posts: 239
Off Topic
Opinion:No Opinion
Price:14.50
RE: Mr Fox
Sat 16:11
...is running around doing deals ahead of actual Brexit.....currently in the US doing sterling work sounding out a trans-Atlantic free trade deal (no negotiations of course, not allowed at this stage!) and getting a good reception by all accounts. Let's hope he does the business and silences those pesky remoaners 8o)

Back to business, I think you may have called it right with a pre-AGM update to help placate attendees.

Fingers crossed...GLA
Razorman
Posts: 110
Off Topic
Opinion:No Opinion
Price:14.50
Mr Fox
Sat 08:34
Anyone knows what's happened to him
Anyway? Maybe he went underground after hearing May's election manifesto. Swasnson isn't him, humour is no where near up to scratch. Perhaps he's taking a break. Would like to know if he's coming AGM?

I expect a strong trading update next week. The absence of detail of the post year end performance update in the finals was glaring. Reference was meagre and we know 2017 is where the company really turned it's recovery. News has to be good and if they have a positive card and fail to play it before the AGM they deserve everything they are going to get. It won't quell the angry mob but it will see a nice rise and will provide a different platform for the AGM discussion.
aliaspc
Posts: 239
Observation
Opinion:Strong Buy
Price:14.50
RE: Ultimately....
Sat 04:16
Joe...Who Cares??? If you don't, sell your pitiful holding and sling your hook.

On what do you base your assertion that Oman are '....knee deep in expertise.' The VAST majority of technical expertise in Oman and throughout the ME is bought in. Nice as they are by ME standards, Omanis are neither the most industrious nor the most advanced in development of sophisticated software systems and manufacturing of state of the art airport security and screening hardware, which is why they are offering 10's of millions to Thales and AN Other (WSG?) to meet that requirement.
Also your poo-pooing of the legitimacy of Muscat/Salalah etc being a possibility, based on the 'urgency' touted 18 months ago, is adding 2 and 2 to get something other than 4! When I worked in Oman, on this very project in 2007-2009, the airport was due to open 18 Nov 2010. Following cyclone Gonu and major flooding, the entire airport area was raised with millions of cubic meters of rock and totally redesigned. Several changes to scope of works saw the operational date moved time and again. My point being they (WSG) have no doubt thought for the last 18 months that things were rather more imminent. Unfortunately they do not set the timetable and **** takes time!
Believe what you want, but please don't post baseless BS. I am comfortable with my 30k invested here and will throw a lot more at it if I can get in quick enough when this takes off... 8o)
Smithers0907
Posts: 37
Off Topic
Opinion:No Opinion
Price:14.50
RE: Smithers
Fri 23:37
Believe
Smithers0907
Posts: 37
Off Topic
Opinion:No Opinion
Price:14.50
RE: Smithers
Fri 23:36
Out of interest, what are the reasons you do not believie the airport in question is Muscat?
Jimzi
Posts: 8,200
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.50
RE: Ultimately....
Fri 23:31
Oh welcome back Fox; your actually sounding positive under your new id , for you.
Bodes well. Liam will be most disappointed he hasn't got your vote .
But it's a nice problem ; the bb debating where not if , as you say a £30m rr, wtfc's where it is
JoeSwanson
Posts: 7
Off Topic
Opinion:No Opinion
Price:14.50
View Thread (2)
Ultimately....
Fri 22:41
Who cares?

Who cares where it is? The value and margin (with reason) It doesn't matter who's right, who's wrong?

If it's Oman, great. But I can't see it. What's the appeal of WSG's business model to such a wealthy country/Airport Authority knee deep in existing expertise? We do appear to be doing something there, but is it RR, really?, is it merely support/training or, perhaps, a red herring? Who knows?

It would suit WSG's secret squirrel approach to have investors focussed on an incorrect target. Sated with their findings they reduce their investigative efforts elsewhere..

More likely, I'd say, somewhere like Georgia or Armenia - borderline ME admittedly. Tiblisi works. But then you can make an awful lot of airports fit, depending what you attribute as a $/per departing pax. They're more the type of countries suited to WSG's offerings. But as I say, who cares.

(Liam Fox's jaunts do nothing for me, anymore than gov' 'support' does...)

Ultimately, WSG just need to sign something/anything to derisk for investors, underpin the existing business going forward and demonstrate the ability to actually convert an MoU.

£10m p/a? £20m p/a or £40m p/a. Who cares what the value is? Bigger the better naturally. But 'massive' not converted is worth significantly less than more 'modest' in the tin. 'Extended scope has always been (thus far) disastrous for WSG. See SQ, America's, border CONTRACT in Asia etc.

Anyway, good luck to the AGM attendees. Oh, another quicky that someone might fire off. Where has the 'intent' gone & what happened to the 'urgency' - the separating of contracts and the expediancy? On that, why would there have been 'urgency' a year ago if this is Muscat. An airport 18 months from kick off? Just saying.

History suggests that Christmas and/or another placing have better odds of turning up before the ME, or any other RR contract for that matter. Not being alarmist - just realistic, based on previous performance.

Hope I'm wrong. About time tough, surely?

Past caring.... 'life's too short.

Have a good weekend all.

Hopefully next week sheds a little light. 40w bulb probably. :-)
Bigears1170
Posts: 713
Off Topic
Opinion:No Opinion
Price:14.50
Ian
Fri 18:24
The bod are not duty bound to deny it if it's false .......
Disclosure and transparency rule 2.7.1

"The Guidance suggests that where speculation or rumour is largely correct and the information underlying it is inside information , then the issuer should no longer delay disclosure and the information should be disclosed as soon as possible . If the speculation of the rumour is false and is not likely to amount to inside information , then the issuer would be able to delay disclosure . In other words , companies are not expected to respond to every piece of inaccurate speculation or false rumour . However in certain circumstances an announcement which goes beyond merely a no comment may be required. For example , where the rumour is largely accurate which implies that there may have been a leak of confidential inside information."




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