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Westminster Group and the most dreaded words in the English Corporate language

By Tom Winnifrith, the Sheriff of AIM | Monday 11 November 2024


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.


“The Right Honourable Tony Baldry has agreed to become our chairman.” Only kidding. For reasons all to self-evident (greed, incompetence, a willingness to bat for fraudsters), few companies commit the corporate hara kiri of appointing Sir tony of 3DM infamy. So those dreaded words are “strategic review” and with its shares, at 1.85p now almost 90% down since the wretched Baldry became chairman, Westminster has commented on its own review.
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