The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Well someone took a chunk of stock yesterday and now they are asking full offer. Not much free float stock about so it's a buy and hold not a trader but can see when it gets going it could move PDQ
https://www.wg-plc.com/news/improving-passenger-confidence-coronavirus-vaccine-two-african-countries
Westminster are pleased to support the improvement of passenger confidence with the Coronavirus Vaccine Rollout in two African Countries
When you consider the likes of FUL have actually recovered to new highs it does beg the question when COM will start to move back to a sensible level. A lot of pent up demand to eat out so should see a move back over 10p in the future.
Last results stated £5M net cash and equivalent. I have started looking at this as if they pull things round and the UK opens as we are expecting this looks like a bit of a cash cow.
What I mean by that is just take a look at pre covid numbers:
For the year ended 31 December 2019
-- Group revenue reduced 2.7% to GBP33.4m (2018: GBP34.3m)
-- Gross profit increased 0.6% to GBP24.9m (2018: GBP24.7m)
-- IFRS loss after tax of GBP0.67m (2018: GBP0.76m loss)
-- Adjusted EBITDA* of GBP5.27m (2018: GBP4.97m)
-- Net cash and cash equivalents at the period end of GBP5.1m (2018: GBP4.6m)
-- Loss per share of 0.54p (2018: 0.62p loss per share)
https://www.wg-plc.com/news/x-ray-scanners-accessories-british-high-commission-ghana
https://www.energymixreport.com/tullow-counts-on-ghana-to-lift-it-out-of-debt/
What is the next move?
Westminster’s X-Ray Scanners and Handheld Metal Detectors supplied to a company in India
Should see this back towards the 150p level by the end of the year.
This is more specific to the sector https://www.cnbc.com/2021/02/22/royal-caribbean-booking-data-suggests-positive-covid-recovery-ceo-richard-fain.html
https://www.wg-plc.com/news/vehicle-inspection-equipment-trinidadian-tactical-solutions-company