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All the good write ups today on the back of Arden’s 7p forecast ,why don’t derampers admit ,this was a cracking buy at 1.1p and is still a cracking buy .This was the most obvious share to make a profit on aim ,it was so obvious.
J. Agreed.
No bad debt.
End June £0.4m in cash and £1.6m nett increase in near cash within payment term timescales. No placing for normal UK contracts and assuming no MSCs.
Accounts dont lie.
There's risk, either take it or move on to 'another stock'.
I'm sticking here as misty12 knows.... this stock has nearly bagged in a week.
High risk high reward.
Its not hard chaps
The board are confident they don't need to place for the foreseeable. They have visibility of operations and deals on the table hence the RNS statement expressing their confidence that current year forecasts will be met. The NOMAD would have checked the basis for such statements and advised against if the case was otherwise. Time will tell but, in my opinion is, we have a great few months of recovery ahead. I hope I am correct
"This is abundantly clear. As I noted here after **** poor interims were published on 18 August, Westminster Group (WSG) is running on vapours and needs to get away yet another bailout placing PDQ. This bailout placing will be Westminster’s 35th fund raise as a quoted company!"
"Westminster Group (#WSG) – “new mass entry screening contract”…but RNS Reach ramptastic"
He's rarely wrong imo
Doubtful debtors I would summise makes up a large amount of that £3.1 million, debtors are not cash in bank until debtors have paid you
Lots of new posters here......
what if your creditors dont pay you, I am sure that some bad debts have been included in this figgure.Please tell me how many times that "unused overfdraft facility" has been used in past five years as I PF mentioned them in 2017.Since than there must be 7 or 8 placings. Whatever way you look at it, there is not much money left and a placing is imminent.
For the uneducated:
Keeping track of your debtors is essential for making sure you get paid correctly and on time. Likewise, getting this money into the business will help you pay your own creditors within their payment terms.
You are clearly a simple sole. Indeed the cash burn was just £500,000 over last 6 months and money owed to the company (debtors to us) is greater than what we owe others. Therefore working capital is strong:
Cash balance as at 30 June 2022: £0.4 million (30 June 2021: £3.1 million, 31 December 2021: £0.9 million). The group also has overdraft facilities which were unutilised at 30 June 2022. We are pleased to have secured UKEF for projects and working capital continues to remain strong with debtor balances at £3.7m vs creditors of £2.1m.
congrats DrMaccers ... you have made a wonderful trade here. You moved quickly while some pondered and others SEEEETHED
These forecsts mean nothing .We had a broker note of 19p per share forecast last year, rest is history.......
https://ukinvestormagazine.co.uk/westminster-group-giving-money-away/
Good question, I have gone through their accounts and as per last year their adminisration costs were 5 million.As far as cash balance is concerned at the end of June it was £195000 and three months have passed since then.It is there in official updates if you can be bothered to read.As far as revenue forecast is concerned we had an update no so long ago and revenue for first 6 months was 4 millions
How do you know they have £100k and over what period is the £5m admin costs? You’re fully aware of their cash flow situation post half year? That’s handy.
I never know which is worse on this bb the plainly ramping or the hideous trashing. Both combine to make it a next to worthless resource.
you make me laugh 14 millions! as per PF's own admission it is nearly half than that .May I suggest that before you make this sort of bull**** go through updates. These bbs are full of investors who are nursing 50/60/70/80/90% losses and common denominator among them is they chose to ignore fundamentals and thought that musical chair would never stop. As I said that company is down to its last 100k and needs 5 millions to cover administration costs.
Maybe the fact they are forecast to have £14mill in revs this year?
million dollars question is where are they going to get 5 million from? you guessed it right! placing or death spiral loans, both of these options are as bad as each other.I am surprised that PF has let things get this far.
Well, it's well known one should keep personal emotions separate from a balanced decisions, I think few of the obsessed regulars posters here ignore this fundamental rule....:)
I just bought £10k. This share is so undervalued.
Blown "pump and dump" by usual suspects .Cash balance is down to £100k and company needs 5 millions to cover administration costs.Dont be left holding the baby as placing is nailed on/
So where is the nailed on 0.5 placing derampers ,glad I bought a shed load at just over a penny .
hmmmm.. Mr 332,536 lasted 3 hours for £300 profit... feels like an engineered rise... no one fell for it, so business as usual as it falls back.... probably end where it started..... weird days ahead as someone tries to light the touch paper..... will take some real news to move this .... B
Strange for a reason....:)
As always we are last to find out....
Strange UT at 11 given all the buying,. Just saying
Be Mad