Westminster Group’s African Queen adventure has to be the most ridiculous story of the year from AIM
Full year results from Westminster Group (AIM:WSG), the AIM listed supplier of security solutions, includes what must be one of the most ridiculous tales one could read from a small UK listed business with its headquarters on the edge of the Costwolds. The tale of woe surrounds their involvement in ferry operations in Sierra Leone. Hats off to their adventurous spirit in taking on the challenge of the Sierra Queen but ‘The African Queen’ comes to mind! This is what is reported in the results…
Ferry Project A defining issue during 2015 has been the delays in commencing the 21 year ferry project we signed in November 2014 for the operation and management of ferry terminals and the provision of a professional ferry service in Sierra Leone across the estuary between the capital Freetown and the International Airport on the Lungi peninsula. The background to this project is that the current ferry services are unreliable, unsuitable and unable to cope with large volumes of passengers and can take over an hour to transport passengers to and from the airport. This therefore creates a bottleneck which…