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Pin to quick picksWestminster Group Share News (WSG)

Share Price Information for Westminster Group (WSG)

London Stock Exchange
Share Price: 9.25
Bid: 9.00
Ask: 9.50
Change: 0.00 (0.00%)
Spread: 0.50 (5.56%)
Open: 9.25
High: 9.25
Low: 9.25
Yest. Close: 9.25
WSG Live PriceLast checked at -

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WINNERS & LOSERS SUMMARY: IQE's Profit Pain, SolGold's Ecuador Boost

Fri, 21st Jun 2019 10:30

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.

FTSE 100 - WINNERS

Halma, up 0.7%. The safety and testing firm agreed to buy fire & evacuation systems supplier Ampac Group for AUD135 million, equivalent to GBP74 million. The deal - expected to close before the end of August - will see Halma expand its business in Australia and New Zealand. "This is an exciting acquisition that extends our geographic footprint and strengthens the intellectual property of our fire detection businesses," Halma Chief Executive Officer Andrew Williams said.

FTSE 100 - LOSERS

Centrica, down 1.3%. The price target for the utility firm was cut to 105 pence from 145p previously by Swiss bank Credit Suisse, with a Neutral recommendation.

FTSE 250 - WINNERS

NewRiver REIT, up 1.4%. The real estate investment trust announced it formed a joint venture with Bravo Strategies III after NewRiver completed the acquisition of four retail parks for GBP60.5 million, first announced in May. The joint venture will focus on acquiring and managing a portfolio of retail parks in the UK and be jointly-owned by the two firms.

FTSE 250 - LOSERS

Dixons Carphone, down 3.0%. The phone and technology retailer experienced price target cuts by two UK banks. HSBC trimmed its price target to 130 pence from 160p prior, whilst also cutting the recommendation to Hold from Buy. Meanwhile, Barclays slashed its price target to 130p from 175p but held with its Overweight recommendation.

Sports Direct International, down 1.5%. The sports good retailer pushed for troubled five-a-side football pitch operator Goals Soccer Centres to appoint an independent investigation into the VAT treatment issues which have hit the smaller firm and pushed it to issue a series of profit warnings. Sports Direct - a substantial shareholders in Goals - explained it understood that Goals had not appointed independent advisers in this investigation. Mike Ashley-controlled Sports Direct, however, urged Goals to appoint Kroll to produce an independent report for which the Sports Direct would cover the costs. In addition, Sports Direct cautioned it had experienced a "loss of confidence" in the board at Goals. Consequently, the firm would vote against the reappointment of the board next Friday due to its "perceived lack of transparency". Trading is shares of Goals Soccer Centres is suspended.

BBGI SICAV, down 1.2%. The infrastructure investor raised GBP75 million through the issue of 49.1 million shares at 153.0 pence following a modestly discounted share placing. Following admission, BBGI will have 629.8 million shares in issue. Earlier in June, BBGI explained the proceeds will be used to repay GBP77 million of drawn down revolving credit facilities. This was in line with the its policy of not using the revolving credit facility for long-term structured debt.

OTHER MAIN MARKET AND AIM - WINNERS

SolGold, up 19%. The gold miner shares rose after the Ecuadorian court "definitively" rejected a petition heard in early June proposing a referendum on mining in the province where the Cascabel project is located. Cascabel is 85% owned by SolGold. SolGold also emphasised it "continues to receive full and objective support from the Ecuadorean government" for the project.

Westminster Group, up 17%. The security services entered a joint venture agreement with Saudi Arabian technology services and products provider Hazar International. Under the agreement, the two firms will form an equally-owned joint venture under the name Westminster Arabia which will pursue large-scale and long-term managed services security projects for ports and airports in Saudi Arabia.

OTHER MAIN MARKET AND AIM - LOSERS

IQE, down 27%. The smartphone chip maker warned annual revenue will be lower than market estimates due to order delays resulting from US ban on Chinese smartphones and consumer electronics manufacturer Huawei Technologies. In 2019, IQE now expects to deliver revenue between GBP140 million and GBP160 million. This is as much as a fifth lower than the consensus estimate of GBP175 million. IQE emphasised it expects to remain profitable in 2019 but with adjusted operating profit margin significantly below the previous guidance of over 10%. The firm is taking steps to reduce costs and avoid non-critical capital expenditure. IQE remains cautiously optimistic about growth opportunities for 2020 and expects to regain momentum due to 5G rollout and connected devices to regain momentum.

PetroNeft Resources, down 28%. The Russia-focused oil & gas explorer. In 2018, pretax loss deepened to USD7.3 million from USD2.3 million the year prior. This was after revenue edged marginally higher to USD1.8 million from USD1.7 million the year before. Results were hurt by a sharp rise in losses associated with its joint ventures, USD6.8 million from USD4.7 million the year before.

More News

Westminster Group Happy With Contracts Agreed For Ghana's Tema Port

(Alliance News) - Security firm Westminster Group PLC on Wednesday said it is "pleased" with the outcome of contract negotiations at Ghana's new Tema port terminal.Westminster

18 Sep 19 12:42

Westminster Group Interim Loss Narrows As Revenue Doubles

(Alliance News) - Westminster Group PLC on Thursday said its loss narrowed considerably in the first half of 2019 as revenue more than doubled on higher sales across all of its the six months to a

15 Aug 19 10:38

Westminster Group narrows losses as revenues top expectations

(Sharecast News) - Security specialist Westminster Group saw first-half revenues come in ahead of expectations, leading to a sharp reduction in interim losses.

15 Aug 19 08:05

WINNERS & LOSERS SUMMARY: Johnson Matthey Shares Slip On Flat Sales

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - LOSERS----------Johnson down The

17 Jul 19 10:51

Canaccord Genuity Chops Westminster Group Stake To Below 4%

(Alliance News) - Westminster Group PLC on Monday said Canaccord Genuity Group Inc cut its stake in the security company following a transaction on Friday last week.Canaccord reduced its to

8 Jul 19 18:34

WINNERS & LOSERS SUMMARY: IQE's Profit Pain, SolGold's Ecuador Boost

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Halma, up

21 Jun 19 10:30

Westminster Group agrees JV with Saudi Arabia's Hazar

(Sharecast News) - Westminster Group has entered into a joint venture agreement with Saudi Arabia's Hazar International.

21 Jun 19 10:21

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 12 JuneFilta GroupHC SlingsbyGANLondon & Associated 13 Morrison Jack 14

11 Jun 19 16:06

Westminster Group sees decent improvement in revenue

(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.

24 May 19 13:54

Westminster 2018 Loss Reduced As Revenue Grows; More Forecast In 2019

LONDON (Alliance News) - Westminster Group PLC said Friday its 2018 loss narrowed as revenue grew almost a quarter, as it forecast 2019 revenue to advance "significantly" higher 2018, to

24 May 19 11:34

Westminster Group Expects Rise In 2018 Revenue; Extends Loan Note Date

LONDON (Alliance News) - Westminster Group PLC said Wednesday it made "strong progress" in 2018 and expects to report a sharp rise in revenue.The security services firm expects to

22 May 19 14:39

Westminster Acquires Euro Ops For EUR20,000 Amid Francophone Push

LONDON (Alliance News) - Westminster Group PLC said Wednesday it has acquired aviation security services firm Euro Ops Srl for EUR20,000 as it looks to expand its business in Francophone firm the

1 May 19 12:14

Westminster Group gets into Francophone markets with Euro Ops acquisition

(Sharecast News) - Managed services and technology-based security solutions provider Westminster Group announced the acquisition of the entire issued share capital of French aviation security and support services company Euro Ops on Wednesday, along with the business and assets of Euro Ops International.

1 May 19 10:21

Westminster Group shares climb after $3.48m contract win

(Sharecast News) - Westminster Group shares climbed on Wednesday after being awarded a $3.48m contract for the provision of advanced container screening solutions to two separate ports in an unspecified Asian country.

24 Apr 19 09:54

Westminster To Raise Funds In Preparation For Upcoming Projects (ALLISS)

LONDON (Alliance News) - Westminster Group PLC said on Friday it plans to raise GBP500,000 through a placing to prepare the company for various upcoming projects.Shares in the security were

8 Feb 19 08:36

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