focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Not listed on the Westminster corporate site. Under investor relations and shareholders it lists all the director holdings, included connected persons. There is no threshold seemingly, even Mark Hughes paltry 116,000 is listed.
I don’t - but 49 on the bid.
Shame.
Spent a couple of weeks trying to push through the 160p level. I fancy it will soon and then start to move about smoother. I can see this at the 180p level by the final results in mid September.
Dr - interesting comments there.
You used the word ‘invested’ and that may be the key. If you bought in December 2017 at below 9p, by the first week of January 2018 you’d have seen the SP triple to around 27p after the ME contract update. Similarly in June 2019 with the SP languishing at 6p and then within a couple of weeks it was around 18p following the Tema announcement.
Of course, those who ‘invested’ and held will have watched all that disappear. Those who sold were the savvy ones.
It’s not always about timing the buy, so much as timing the sell. The past here tells us that holding is not necessarily a good option.
I’m interested to see where this can get to in the next couple of months. Particularly interested in what the final dividend might be and also what plans there maybe for the large cash pile the company is currently sitting on.
Foxy - good point.
I could see it being cancelled, only question is which reason do they use :
a) lack of interest.
b) BOD all isolating after Baldrick comes down with Covid.
c) Brexit disruption to supply of Vol au Vents and Asti Spumante.
d) Fooler out of the country signing a multi year multi million pound multi airport multi contract.
GT was multiples of the current SP back in 2019 but that was prior to disposal of their housebuilding business. The new business is much smaller entity now.
Holdings RNS out today may explain a bit.
If they can drag out the ratification process for a couple more months, Fooler might be able to get another placing away on the back of the signing, to pay for the equipment and start up costs that the last raise was to pay for.
Only kidding before the abuse starts ;-)
Keeps trying but lack of conviction means to drops back just as quick.
Not that it won’t happen, I just find it frustrating that there’s always ‘one more thing’ which seems to hold the SP back from fully reflecting the successes. We had it with Tema where it dragged on for months and months getting the agreement fully signed and here we have this ‘ratification’.
I want our SP to start to reflect progress.
AH021 - the full wording states :
The contract includes a 90-day transition period to allow for operational planning and recruitment processes to be completed. Operations are therefore expected to formally commence in September 2021, although Westminster will deploy its transition team once the DRC government ratification process has been completed in order to commence planning, recruitment, training and logistics.
I take that to mean that the 90 day transition period won’t start until the contract is ratified, hence unlikely that operations will start in September.
I wouldn’t like to see this drag on much longer given history of actually getting contracts 100% done and dusted.
Bit of an odd one. There was an RNS on 28th June saying that HSBC had notified the company they held 5.412%. Then on 1st July there was a TR1 saying they’d gone from 6.24% to 6.259%, then today’s. Not sure why there was no announcement about the change between end of June and 1st July.
Looks like this sites info is broken. I have another stock where they’ve been including trades from April and June in the list for today,and now stopped altogether.