Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Just when it looked like Westminster Group (WSG) was finally about to start living up to expectations it was hit by the Ebola outbreak in West Africa. The AIM-listed company provides security services to governments and private companies around the world, so often the exact nature of its contracts are rather vague.
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Comments
wildrides
Yeah , I am back in on the basis that this “Jam tomorrow” outfit looks like it cant get that much lower and they look like they might actually be beginning to fulfill some of their long list of expectations . Much as I hate the old colonial “ its who you know , not what you know “ image typified by the company coat of arms emblem and its “ royal contact boasting” management pontifications , it does look like now they could finally be on the brink of a break through . Long may it last for the long suffering shareholders . Rarely has a management boasted so long and hard about large contracts in the pipeline that seemed never to arrive . I would hate to miss out . Perhaps they have finally removed the restriction in the pipeline that caused the big ones to get stuck!
rob shelley
nice summary Gary
for the record though its a leased vessel, and 200 passengers not 22
wildrides
Err ……… Gary me ole fruit bat , This here TRIN ……….. what do you think its worth on current production . The SP is all over the shop and I cant get a handle on it . Your the man with OIL hex spurt tease. Give us a heads up please ;-)
Gary Newman
Rob,
Apologies not sure how I ended up with that figure in there, as I read the RNS – I can only think I somehow managed to change it when editing it and moving bits around. A 22 seater would be closer to a rowing boat than a ferry!
Wildrides,
Crazy volatility on TRIN, think it is just down to low liquidity – overdone drop when some decided to sell on last RNS, then drop to 13s likely sparked buying and sharp rise on not huge volume. Always seem to move disproportionately to volume of trades! They do need to sort out their finances – largely caused by that very expensive failed drill a year or so back.
wildrides
The WSG wankers have just taken out more “shit & fan on a blind date” loan notes with Darwin “death” non strategic . …………… Wankers …………….. have they never heard of Primary Bid.
Oh and the ferry is late , and err ……….. the contract money is late . The share price is all over the place early today ………… and who can blame them . Why did I buy this shit ……….good question . Largely on the basis that it could not get any worse ………..err