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Share Price Information for Westminster Group (WSG)

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Share Price: 2.45
Bid: 2.40
Ask: 2.50
Change: 0.00 (0.00%)
Spread: 0.10 (4.167%)
Open: 2.45
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Low: 2.45
Prev. Close: 2.45
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Westminster Group sees decent improvement in revenue

Fri, 24th May 2019 13:54

(Sharecast News) - Managed services and technology-based security solutions provider Westminster Group reported a 24% improvement in revenue in its final results on Friday, to £6.7m.The AIM-traded firm said that was despite revenues of £2.2m relating to its Middle East project slipping from the fourth quarter of 2018 to the first quarter of 2019.It noted that it was its third consecutive year of double digit revenue growth.The company managed to narrow its EBITDA loss to £0.38m from £1.23m year-on-year, while its total equity and net assets grew to £1.1m from £0.1m in the year ended 31 December."We have seen steady year on year revenue growth over the past few years and we expect this to continue," said Westminster Group chief executive officer Peter Fowler."Based on our current order book, the improvement in our airport passenger numbers and our run rate business, including Keyguard and Euro Ops, we expect 2019 revenues to be significantly ahead of 2018 even without any further new major contract awards, which of course would materially improve the results."Over the next few months and years we have an opportunity to achieve unprecedented growth from the prospects we are pursuing, and the board and I remain committed to delivering on this potential."
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1 Apr 2014 07:46

UK MORNING BRIEFING: Rathbone Brothers Acquires, Places Shares

LONDON (Alliance News) - UK shares have opened mostly higher Tuesday, following through on a strong close in NY and dovish comments from the US Federal Reserve chair.

Rathbone Brothers has made waves early Tuesday, announcing two major acquisitions and a share placi

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25 Mar 2014 11:07

Westminster Group Wins Caribbean Government Contract

LONDON (Alliance News) - Westminster Group PLC Tuesday said it had won a contract to undertake an extensive security consultancy project for a Caribbean government. Westminster didn't name the government, but said in a statement that the work involves reviewing and assessing the country's K

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25 Mar 2014 11:03

Westminster wins contract with a Caribbean government

Westminster said its Technology division has secured a new contract to undertake an extensive security consultancy project for a Caribbean government. The contract, secured by Westminster International, is for the provision of consultancy services to review and assess the country's K9 law enforcem

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24 Mar 2014 15:11

CORRECT: Westminster Group Raises New Funds, Gets New Investor

(An item published at 1259 GMT misstated the number of shares issued to the new strategic investor as a result of an error in the company's original statement. The correct version follows.) LONDON (Alliance News) - Westminster Group PLC Monday said it had raised GBP300,000 by issuing 389,61

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24 Mar 2014 12:59

Westminster Group Raises New Funds, Gets New Investor

LONDON (Alliance News) - Westminster Group PLC Monday said it had raised GBP300,000 by issuing 380,619 shares at 77 pence each to a new strategic investor, and had also raised gross proceeds of GBP150,150 by drawing down on its equity financing facility with Darwin Strategic Ltd. The provid

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11 Nov 2013 14:45

Westminster Group Raises GBP533,468 In Drawdown Of Its Equity Financing Facility

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29 Oct 2013 11:29

Westminster Group Further Cuts Debt As Loan Note Is Converted

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30 Sep 2013 07:57

Westminster Group Agrees GBP385K Settlement Of Synergy Capital Loan Note

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27 Sep 2013 09:09

Westminster Pretax Losses Widen Following Company Reorganisation

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11 Sep 2013 10:46

Westminster Group Awarded EUR350,000 Contract With East Africa Airports

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10 Sep 2013 06:51

Westminster Group Buys Trade, Name And Website Of GXS Aviation

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28 May 2013 07:37

Westminster Group narrows 2012 losses

Westminster Group, supplier of technology to security and defence markets, reported a fall in annual revenue, reflecting timing issues on orders. Revenue for the year ended December 31st 2012 came to £9.5m, down from the previous year's £10.1m. The UK company - which has two divisions including

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28 Mar 2013 15:40

Westminster Group advances on restructuring efforts

Westminster Group shares rose Thursday after the security systems supplier announced restructuring of the group's businesses into two new divisions. The company said a managed services division and technology division were set up so it could focus on its growing international opportunities. The ma

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26 Feb 2013 09:09

Westminster unveils places amid positive trading

Westminster Group said Tuesday that the West African airport contract announced in February 2012 continues to perform well and revealed new carriers will be commencing operations in 2013, and furthermore that existing operators are expanding their capacity on the route. It said this should benefit

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12 Feb 2013 12:03

Westminster Group wins extension order for counter terrorism equipment

Westminster Group has secured a 250,000-dollar extension order for the supply of high technology scanning equipment for counter terrorism activities in the Middle East. The supplier of system solutions and products to security, defence, fire protection and safety products said it will be delivered

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