Member Info for Dacorum

Overshadowed though don't you think by Tier4 closures and being unable to sell stock on the key run up to Christmas and just after. Unless it can be transported to Tiers 1, 2 or and sold there.

I can only see a full National lockdown coming after Christmas to follow others.

Clearly a rush of new institutional holders piling in to support their share price along with all the already maxxed out LTH's. The Board can now get their boarding passes together and get airborne for all those cusp MOU's. They will just have to negotiate around the shut borders, travel bans and grounded planes and of course any shielding if appropriate. 0.1p is your new nominal value. Congratulations.

It is a poor market today with airlines, travel, leisure, financials and in fact most sectors deeply in the red.

This new strain of virus and Tier4 lockdowns along with the suggestion of a further national lockdown is not being taken very well.

If the vote falls short of the required percentage.

Maybe a marginal rise if it passes and for a short duration only as day traders sell.

The developments this weekend have not been in Westminsters favour. Tier 4 lockdowns, full national lockdown to follow, work from home and travel bans being reimposed is just not a beneficial trading environment.

That should present another excuse to come back for more money to maintain the growth profile.

What it won't be good for though are Airports and the training that goes with it.

But aircraft have not been flying in the skies for 200 years.

Tell me how John Menzies can get contract after contract and Westminster can't pin the tail on a donkey. Another one has just fallen into their lap and this time in South Africa.

£50 million raised by Westminster and little to show for it.

I honestly don't think I have known such a forgiving and misplaced bulletin board, pledging their loyalty and support to a company that has raised £50 million pounds and has very little to show for it.
An airport contract hit first by Ebola and now by Covid19.
A ferry. A costly mistake from start to finish. Still not even collecting monthly dues.
Iran. Pre, post contract raises. Say no more.
Darwin and CLN's. Never again. Not quite true was it.
Covid19 response. Agile management quick to position the business to come out the other side. Multiple revenue streams...
£5 million placing required to clear previous debts and for working capital. Share price 4p. Nearly forgot that one

I feel a little surprised that anyone still has any belief at all. It doesn't exactly fill you with any real optimism. What I can't understand is why some are still here even contemplating voting.

It says in the Placing RNS that the Board intends to vote their collective 4.7% holding in favour of the resolutions.

That is not a lot of undertaking really and a lot of votes to make up from mainly retail investors who have had to suffer a 36.5% hit on the share price for a 44% dilution and then there are the warrants. New nominal value also of 0.1p.

Surely the best hedging strategy, given the lowly amount of Board shares and undertaking, is to sell half giving you the potential to buy them back cheaper if the vote fails.

It has to be like asking a turkey to vote for Christmas.

You are voting to fund a company that keeps expanding , call it growth, but that never makes any gross profit or free cash flow. It is a completely flawed business model that needs to revert to shareholders twice a year to pay the Fowler family wages. £50 million in raised money to date for what and which will amount to another loss making year.

You vote in favour then you get more of the same. Hype, disappointment, a decreasing share price and dilution and more dilution.

Get your own resolution together and show those responsible the door. The Chairman should be the one who is initiating this in any case.

LTH's have found this tragedy of a company out to their peril and poverty. I doubt there is even a day trader that has made any return in the last 6 months off Westminster and many of those will have taken an instant loss on the placing announcement. Shortly you will have another 125 Million shares also looking to exit.

There is no demand and not even the Board are buying their own stock at 4.1p. Trust is gone.

Cast your vote wisely. Do you want more of the same or not. The new nominal value is zhockingly low and it's just to save them coming back to you all the time for further approvals.

Wisen up would and preserve what remains of your capital.

That's £250k per year. Then you actually have to pay the staff to guard the site in perhaps 2 or 3 shifts per day. Then cover their rest days with another shift, supply and run a vehicle or two, CCTV on access points, perimeter.. Leaving just exactly how much in profit?

Alb1 can I take it that you have a sense of humour.

PRO'S
No debt!!!
Contracts already in situ
£50m invested to date
Advanced contract discussions
Placing /removal of debt & riverfort could be the pre curser to further deals

IMO this is a buy with limited downside (albeit risk there!) however huge huge upside potential.

PRO'S
No debt!!! They have had to place for £5 million at a 150% reduction to previous nominal value of 10p and with 44% dilution.
Contracts already in situ. 2 contracts in place. One is for an expanding airport in Sierra Leone with another capable and funded operator handling the full Build, Operate and Transfer process. Business threat. Slow recovery also in pandemic affected passenger numbers. The other contract at Tema is nearly half way through what is only a 5 year contract where they are only the technical partner. Fallen well short of expectations with low margins.
£50m invested to date. Profitability seems to be an alien concept on virtually all this companies accounts. Large proportion of that £50 million taken in salary by an ever increasing workforce
Advanced contract discussions. That has been mentioned here that many times that it is like a broken record.
Placing /removal of debt & riverfort could be the pre curser to further deals. Any further deals will require more funding of circa £5 million for each one. Work out the further dilution.

IMO this is a buy with limited downside (albeit risk there!) however huge huge upside potential.
The downside after voting in favour of any new nominal value is down to that nominal value.

I'm only trying to warn you of what many others have found to their peril and loss.

Should hold their heads in absolute shame.

Just look at the cataclysmic destruction of this companys share price with the newly proposed nominal value.

Many good posters and avid supporters have simply disappeared and probably cut their losses and sold up.

If you abstain from voting I'm sure your vote gets cast as the Chairman would.

If trying to show disquiet by remaining quiet then you might be doing the reverse of what you intend.

You'd be better researching if you can get a confidence vote into the Ballot sheet. You have probably had that chance at previous AGM's and the majority either voted for their re-election or abstained and it being interpreted as above.

Docit if there was any imminent deal then you would have got it first to raise the share price. There isn't one and it's up to its eyes in debt and burning cash and that is why there is the large discount. Covid has got a part to play but so has poor decision making like pursuing double digit growth without accompanying profitability, face mask vending, expanding staff and not rationalizing costs or the wage bill. I give it about a year.

Akon there is one MEvon the list but Iran was span as a multi airport and infrastructure deal and they were looking for infrastructure project managers so it can't be it. In any case we know it is 'fully shelved" as of the accounts so someone might have some explaining to do.

You do realise that if you approve the reduction in the nominal value that any one of these will require a further £5 million of extra placing shares and heaven knows how many extra dilution shares.

There is no Middle East airport mentioned on the list so Iran is gone, Fully shelved, binned, however you wish to describe it. Now there's a thought. Vote it dow so your forward sellers have to buy back and back to 10p for a fundraise without the need for a General Meeting. What a stroke of imaginative thinking. Preserve your cash. Reductions in nominal value only point to further and further dilution.

JCPOA is of no relevance here as Iran has been "permanently shelved" Was it on that extensive list of double counted MOU's? that just so happened to have forgotten to mention the previous spin of port security ongoing survey work leading to money raised for Westminster Arabia. The best thing you can do here is preserve your capital. 125 Million shares to be spun through the market and there has to be a very big risk that with less than 10% undertakings the full thing could be voted down.

WSG is just getting further and further in the moire. £2.6m debt is now turned into £5 million required to clear the debt and keep the lights on.

He bleats on about £0.3m saved by clearing the previous loan yet this placing including warrants will be costing a lot more than that.

Then whilst the company struggles to make money the Westminster foundation throws out your money on good causes. Then there is £40k per month that should be coming in for the Sierra Queen graciously with its payments frozen Then the free giveaways to Airports and Mosques. All staff in affected countries also being paid full wages.

Control of costs seems to be nil.

Martyn I'd watch that you don't lose all your money on WSG.

Those at the top need replaced and PF should do the honourable thing or be given the chop. Agile management, double digits, multiple revenue streams.

If there had been an imminent airport contract then It would have been hyped to get to 10p for a fundraise. The facts it's at 4p with 44% dilution tells you it's not happening soon.

There is a choice expression out there that fools and their monies are easily parted. I think some really need to wisen up.

Has just been trod across.

If Warner Bros are doing it then expect Disney and others to do the same.

Just when you thought things were looking brighter.