Westminster Group – “significant developments that demonstrate the benefits of this strategy”. Really?

Managed services and technology-based security solutions group Westminster (WSG) has updated including “trading for 2019 has started on a strong note with both order intake and revenues ahead of budget… over the next few months and years we have an opportunity to achieve unprecedented growth from the prospects we are pursuing” – and the shares have currently responded to 8.5p, more than 40% higher…

Westminster Group (#WSG) – 2019 “both order intake and revenues ahead of budget”. Er, what about the bottom-line?

Westminster 2018 results – the ghastly truth, the fudges to stop it being marked insolvent

And so having promised us 2018 sales of £7.2 million and an EBITDA profit on January 29, simply to get a bailout placing away on February 8, the ghastly truth now emerges. Westminster’s (WSG) 2018 results are shite and bar an accounting fudge they would have shown the group as insolvent. Let me explain.

Westminster Group (#WSG) – 2018 pre-tax loss £1.4m, cash burn before new financing £1.5m

Westminster clarifies on its 2018 “profits” – surely it over-egged before bailout placing?

If Westminster Group (WSG) was regulated by the SEC not the weedy poltroons at the FCA and the Oxymorons at AIM regulation, shamed ex Tory MP Tony Baldry of 3DM infamy would this morning be sweating like the dirty pig he is. Let me explain.

Westminster – a French farce of an acquisition by fatso Baldry and accounting mayhem

On 29 January 2019 Westminster Group (WSG) the dog chaired by ex Tory MP Tony “fatso” Baldry of 3DM infamy issued a ramptastic trading statement to ramp its shares up to 12p allowing it to do a bailout, keep the lights on, placing at 10p a few days later. Now, as it prepares for its next bailout placing we have more grim news marking the company out as utterly uninvestable. First the mess of its accounts.

Westminster Group – contract award ‘delight’… but still balance sheet fright?

A “New $3.48m USD Contract Award - Asia” announcement from Westminster Group (WSG) – with Chief Executive Peter Fowler “delighted to be able to announce this latest new contract award for large scale screening solutions, which has been secured after a prolonged period of negotiations” and the shares currently higher, towards 9p, in response. Hmmm…

Westminster Group led by disgraced former Tory MP Tony Baldry: discount placing ten days after mega ramp

The behaviour of Westminster Group (WSG) chaired by disgraced ex Tory MP , Sir Tony Baldry of 3DM fraud infamy, displays everything that is worst about the AIM Cesspit. Today we have a £500,000 placing via newly appointed joint broker the low -life team at SVS. But just ten day ago it was all so different.

Westminster Group (#WSG) – keep-the-lights-on, £0.5m placing, at 10p per share – a 14% discount

Westminster Group (#WSG) – argues “strong” 2018 H2 & “trading for 2019 has started on a strong note” but “free cash available” just “circa £0.7m”

Westminster Group (#WSG) FY Contracts update, delays = lack of sales/profits warning

Westminster Group – “pleased to announce” an acquisition… but isn’t it short of cash?

Westminster Group (WSG) “is pleased to announce the acquisition of security and risk management company Keyguard UK Ltd”. But wait a minute; isn’t Westminster itself short of cash?...

Westminster (#WSG) – appoints new CFO as current one leaves sinking ship “to pursue new opportunities” - he didnt hang around long

Shamed ex Tory MP Tony “Porker” Baldry of 3DM infamy passes Westminster hat around AGAIN to just keep lights on

When a good company meets the salary expectations of “porker Baldry” of 3DM infamy as its chairman it will inevitably become a cash guzzler. When a bad company finds the loathsome lard bucket at its helm the outcome is not going to be a happy one for shareholders. And that brings us to Westminster Group (WSG) which has raised a paltry £500,000 (gross) today via seedy low grade bucket shop SVS just to keep the lights on until Christmas.

Porker Baldry & Westminster Group (#WSG) raise £500k at 10p to keep the lights on

Westminster (#WSG) – raises just £0.19m to “support corporate development costs”, update on Iran project following recent US action

Fatso Baldry – when’s the Westminster Group bailout placing & at what price?

Shares in Westminster Group (WSG), run by loathsome ex Tory MP slug, Tony “fatso” Baldry of 3DM infamy have slipped again to just 9.2p to sell.  Those who ponied up £750,000 in the last bailout placing at 22p, less than six months ago, must by now realise that backing a Baldry run company is financial hara kiri.  But things are going to get worse. You see the money's almost gone....

Another reason to love Donald Trump, Westminster (#WSG) admits late in day its major Iran deal is fecked - shares will crater in AM

Westminster Group (#WSG) – expects 2017 EBITDA loss of “around £1.2m”, more jam tomorrow in outlook

Will things be different this time around at Westminster Group?

Westminster Group (WSG) is a company which I once had high hopes for, but in the past it has always been one which has promised the earth but has failed to deliver much of any real substance.