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Pin to quick picksWestminster Group Share News (WSG)

Share Price Information for Westminster Group (WSG)

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Share Price: 2.55
Bid: 2.50
Ask: 2.60
Change: 0.00 (0.00%)
Spread: 0.10 (4.00%)
Open: 2.55
High: 2.55
Low: 2.55
Prev. Close: 2.55
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AIM WINNERS & LOSERS: Westminster Group shares jump on contract

Tue, 15th Jun 2021 10:12

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Westminster Group PLC, up 31% at 5.36 pence, 12-month range 3.8p-11.47p. Says Services division awarded long-term managed services contract to provide security services to 5 airports in the Democratic Republic of the Congo. Says contract is for initial period of 20 years with 5-year renewal thereafter. Firm will provide ground security operations. "This latest multi-million USD per annum managed services contract was secured after many months of negotiation and delays caused by Covid travel restrictions," the security and services firm says.

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Wentworth Resources PLC, up 8.3% at 25.98p, 12-month range 14.55p-27p. Tanzania-focused natural gas production company now expects 2021 average production around 70 to 80 million standard cubic feet per day, up from 65 to 75 MMscf seen previously. Notes strong in-country gas demand in the first half. "We are delighted to be revising our 2021 production guidance upwards following higher than expected demand in H1 of this year alongside seeing a new record for monthly average daily production of 101.85 MMscf in March. This increased demand is in part due to a recovery in industrial demand from the impacts of Covid-19 and in part due to lower rainfall in the catchment areas of the hydroelectric dams," says Chief Executive Katherine Roe.

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AIM - LOSERS

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Pelatro PLC, down 23% at 40.45p, 12-month range 32p-73.75p. Late Monday, the marketing software specialist announces conditional placing to raise GBP2.2 million through the issue of 5.4 million shares at a price of 40 pence each, run by broker Cenkos Securities. Also plans to raise additional capital through PrimaryBid retail offer, which will remain open until 1200 BST on Wednesday. Proceeds from the raise will go towards sales and marketing, as well as strengthening the company's balance sheet, including the repayment of debt.

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TP Group PLC, down 19% at 4.58p, 12-month range 4.53p-9.2p. Reports 20% increase in 2020 revenue to GBP59.0 million, but pretax loss widens to GBP5.2 million from GBP1.2 million. "Our strong opening order book led revenues to hold up well, however, margins were eroded as a consequence of lockdown and the general business climate in the year. Some improvement was noted in the later months of the year, but we remain cautious of the continuing impact of the pandemic," the consulting, digital solutions and engineering services provider says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
1 Nov 2022 12:26

IN BRIEF: Westminster shares plunge as annual revenue expected to drop

Westminster Group PLC - London-based provider of security services for sensitive places such as ports, airports and commercial buildings - Says it expects revenue to be around a third lower than market expectations for 2022 and loss before tax to be around half that of 2021.

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1 Nov 2022 12:20

LONDON MARKET MIDDAY: Stocks upbeat ahead of Wednesday's Fed decision

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2 Sep 2022 09:51

Westminster wins another contract ahead of Protect Duty legislation

(Alliance News) - Westminster Group PLC on Friday said its technology arm has won a contract to provide a mass entry screening solution to a "significant theatre and exhibition complex" in northern England.

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2 Sep 2022 09:01

Westminster Group secures mass entry screening contract

(Sharecast News) - Security company Westminster Group has been awarded a contract to provide a mass entry screening solution to "a significant theatre and exhibition complex" in the North of England.

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26 Aug 2022 11:14

AIM WINNERS & LOSERS: Westminster wins contract; i3 cuts guidance

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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26 Aug 2022 08:37

Westminster wins GBP100,000 contract for "iconic building" in UK

(Alliance News) - Westminster Group PLC shares jumped on Friday after it said its Technology division has won a contract to provide a mass entry screening solution to an unnamed "iconic building" in the UK.

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18 Aug 2022 11:20

Westminster narrows half-year loss as revenue rises

(Alliance News) - Westminster Group PLC on Thursday reported a double-digit rise in interim revenue and a narrowed loss, as it expects annual expectations to be in line with market forecasts.

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10 Aug 2022 11:08

AIM WINNERS & LOSERS: Westminster and Pelatro rise on contract wins

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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10 Aug 2022 10:47

IN BRIEF: Westminster shares up as security deal won for a UK airport

Westminster Group PLC - London-based provider of security services for places such as ports, airports and commercial buildings - Says Westminster Aviation Security Services Ltd, its aviation services subsidiary, has won an aviation security training contract within the UK. Says the contract is "potentially worth several hundred thousand pounds."

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6 May 2022 11:18

AIM WINNERS & LOSERS: SDI upbeat; Westminster rises on contract win

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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6 May 2022 10:16

IN BRIEF: Westminster Group in GBP300,000 African parliament pact

Westminster Group PLC - London-based provider of security services for places such as ports, airports and commercial buildings - Wins deal worth over GBP300,000 to supply and install baggage and people screening solution for West African Parliament building. Westminster says the work will "detect any weapons, threats or contraband being carried into the building". Project begins immediately and will be completed "within the next few months".

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29 Apr 2022 11:47

IN BRIEF: Westminster shares fall as annual loss more than doubles

Westminster Group PLC - London-based security company that specialises in fire, safety, security and defence - Pretax loss widens in 2021 due to impact of Covid-19. Annual pretax loss more than doubles to GBP1.9 million from GBP761,000 in 2020. Revenue falls 28% to GBP7.1 million from GBP9.9 million. Has positive outlook for 2022, though, "as the worst impact of the global Covid-19 pandemic recedes, travel restrictions are being lifted and business confidence is beginning to return," Chief Executive Peter Fowler says.

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29 Apr 2022 10:47

AIM WINNERS & LOSERS: Nightcap sales up; M&C Saatchi to resume payouts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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21 Jan 2022 11:00

IN BRIEF: Westminster airport security contract standstill period ends

IN BRIEF: Westminster airport security contract standstill period ends

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