By Edward Swift
Date: Thursday 17 Sep 2015
LONDON (ShareCast) - (ShareCast News) - The propellor shaft of Westminster Group's flagship vessel, the Sierra Queen, will be fixed in the UK in a matter of days, the company said.
The shaft will then be sent back to Sierra Leone for reinstallation, Westminster added.
In August the company announced an issue with one of the propeller shafts on the ferry which couldn't be repaired locally. Initially it was a challenge as no commercial aircraft was able to transport it back to the UK.
But with the help of a government department transport aircraft, it was safely transported and has been undergoing required repairs.
Westminster Group chief executive Peter Fowler acknowledged the frustrating the delay was causing for customers and shareholders.
"As I have previously stated, safety and reliability are our primary concerns and I would rather have these issues identified and professionally sorted prior to commencement rather than disrupt services later," he said.
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Currency | UK Pounds |
Share Price | 2.60p |
Change Today | -0.050p |
% Change | -1.89 % |
52 Week High | 3.50p |
52 Week Low | 1.08p |
Volume | 278,713 |
Shares Issued | 330.51m |
Market Cap | £8.59m |
RiskGrade | 329 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
10:02 | 2,777 @ 2.70p |
10:01 | 18,610 @ 2.65p |
09:40 | 9,763 @ 2.51p |
09:38 | 1,905 @ 2.50p |
09:38 | 43,682 @ 2.54p |
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