I have been looking at defence and Security stocks as I feel they may fair better than most in this market, particularly those with overseas earnings in USD or Euro.
I have noticed this company (WSG) seems to have a good news flow, a tight spread for an AIM stock with growth prospects and I quite liked the recent pre close statement ...
Westminster Group Plc ('Westminster' or the 'Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, will announce preliminary results for the year ended 31st December 2008 on Friday 24th April 2009.
Historically, the business has shown a seasonal revenue pattern, with a bias towards the second half of the year, which was repeated in 2008. The order book at the year end stood at £4.2million, compared with £1.5m at 31st December 2007.
Taking the year as a whole, the Board is satisfied with the Group's trading performance in 2008 which is in line with market expectations. Westminster has no borrowings and at 31st December 2008 had net cash of £570,000.
I like the no debt and cash in bank position and an increasing order book sounds interesting.
I also see they have announced an acquisition in the sector - a paper transaction so again preserving cash.
Small but the management look right and they seem to have plenty of potential to grow!
See the web site at www.wg-plc.com
I feel this could well be one to watch .... any one have thoughts on this?