Latest Share Chat

Westminster Group Share News (WSG)

Westminster Group Information

Buy WSG Shares
Add WSG to Watchlist
Add WSG to Alert

Share Price Information for Westminster Group (WSG)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 2.65

Bid: 2.50

Ask: 2.80

Change: 0.00 (0.00%)

Spread: 0.30 (12.00%)

Open: 2.65

High: 2.65

Low: 2.60

Prev. Close: 2.65

Last checked at -

Westminster Group expects dip in revenue on challenging second half

Thu, 04th Mar 2021 15:08

Westminster Group PLC - Banbury, Oxfordshire-based security systems provider - Says second half of 2020 "more challenging" than first half but says 2020 was "encouraging". Expects 2020 revenue about GBP10 million, down from GBP10.9 million in 2019, and expects a pretax loss broadly in line with market expectations. Pretax loss was GBP1.4 million in 2019.

"Our West African airport operations were completely closed for several months, reopening only at the end of July 2020 with significantly reduced traffic volumes, even lower than we experienced during the height of the Ebola crisis. However, we witnessed a steady and sustained improvement in passenger numbers towards the end of the 2020 year, which is encouraging for 2021," company explains.

Also notes training and guarding operations were "heavily impacted" in the second half and the spike in Covid related sales it saw in the first half "dwindled" as companies retrenched and reduced spending due to uncertainty.

Says 2021 revenue and pretax profit will meet market expectations and outlook is "positive".

Current stock price: 4.08 pence

Year-to-date change: down 1.7%

By Paul McGowan; paulmcgowan@alliancenews.com

More News

10 Jan 2011 17:01

London close: Miners hold back FTSE 100

The top share index was firmly in negative territory at the close of trading, despite M&A excitement concerning Smith & Nephew The joint replacement specialist jumped more than 10% following reports it turned down a bid approach from US rival Johnson & Johnson just before Christmas. Sticking with

10 Jan 2011 14:20

London afternoon: Miners a drag

Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta

10 Jan 2011 09:20

Small caps round-up: Omega, Edenville, Vatukoula ...

Omega Insurance Holdings has confirmed press speculation that it has received an unsolicited bid approach from Canopius Group. Canopius is proposing a cash plus shares offer for Omega. Last Friday Omega increased its estimate of the loss is likely to suffer from the New Zealand earthquake from $6.

17 Dec 2010 06:57

Friday tips round-up: RPC, Rio Tinto, DS Smith...

RPC Group has spent ten years wooing Denmark's Superfos Industries but has finally won the day after its rival agreed to a £205m takeover. Making soup containers for Waitrose and coffee capsules for Nespresso machines may have all the hallmarks of a defensive stock. But the Superfos deal has turned

18 Jan 2010 10:46

Small cap round-up: Aurelian, Camco, African Copper...

Eastern Europe-focused oil and gas explorer and producer Aurelian is to raise about €32m to fund well development. Shares in Camco International jumped after the carbon credit specialist said it ended 2009 with a strong cash position and expects recent developments in the US to present substantial

11 Jan 2010 08:06

Westminster appoints new sales director

AIM listed security, defence and fire protection provider Westminster Group has named Shires Crichton as sales director, with immediate effect. Crichton, who has over 20 years experience in the international security and defence industries, specialises in areas such as counter terrorism, counter in

1 Dec 2009 07:48

Westminster no intention of making Pentagon offer

Security systems provider Westminster Group said it has no current intention of making an offer for Pentagon Protection. The announcement comes after Westminster made a preliminary bid approach to the window film provider last month. Pentagon said at the time that the indicated offer was at a leve

16 Nov 2009 14:28

Update: Westminster bid well below Pentagon share price

Window film provider Pentagon Protection has confirmed that security systems provider Westminster Group made a preliminary bid approach last week. Pentagon said the indicated offer was at a level which, in the opinion of the Pentagon board, substantially undervalues the company. Westminster's offe

23 Sep 2009 08:02

Westminster Group losses swell

Security systems provider Westminster said first half losses widened but is confident in the prospects for the full year and beyond. Pre-tax losses swelled to £672,000 for the six months ended 30 June 2009 from £413,000 the year before. First half revenue was up 69% to £2.4m compared with £1.4m.

14 Sep 2009 09:51

Small caps round-up: IS Solutions, Netservices, Plant Health Care...

Higher revenues helped software services group IS Solutions post broadly unchanged profits in the six months to June 30. Pre-tax profits for the period totalled £184,000, compared with £189,000 the previous year, as revenues soared to £5.12m from £3.64m. During the year, the company completed the p

7 Sep 2009 09:01

Small caps round-up: Sabien Technology, Petmin, Scotty...

Shares in AIM-listed Sabien Technology rallied after the energy efficiency technology specialist entered into an alliance agreement for the supply of M2G with Balfour Beatty Workplace (BBW). 'The strategic tie up with BBW further demonstrates M2G's reputation as being the leading boiler optimisatio

24 Jul 2009 17:13

London close: Ten out of ten for Footsie

The FTSE 100 index made it ten days of rises in a row, despite tailing off towards the close as investors looked to bank profits ahead of the week-end. It capped the best rally by the blue-chip index in five years. The rise was achieved despite dismal gross domestic product data. UK output contract

24 Jul 2009 14:11

London afternoon: Financials find favour

Footsie eased back a little over the lunchtime session but thanks to firm financials the blue-chip index continues to shrug off this morning's gloomy data on gross domestic product (GDP). UK output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Of

24 Jul 2009 11:54

London midday: London shrugs off GDP shock

After a shaky opening the market is moving steadily ahead, despite receiving a jolt from much worse than expected gross domestic product (GDP) figures. Output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Office for National Statistics' flash est

24 Jul 2009 08:46

London open: Quiet start for Footsie

Footsie has opened lower despite big gains overnight in the US and Asia and also a well-received trading update from Vodafone. Vodafone said revenue rose 9.3% in the quarter to June, helped by positive exchange rate movements and M&A activity. The group also said it is trading in line with manageme

Latest Share Chat

Westminster Group Share News (WSG)

Share Price Information for Westminster Group (WSG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Westminster Group expects dip in revenue on challenging second half

Login to your account

Quickpicks are a member only feature

Login to your account