Wandisco Share Discussion Threads

[rathkum] 03/8/2016 13:45

You have to be bonkers to be invested in this POS.

[shauniekent] 03/8/2016 09:58

Yeah ill agree Bb. Just ridiculously valued by mkt cap :-)

[battlebus2] 03/8/2016 08:14

Look on the positives, losses reduced and revenue booked rising :))

[shaunstar] 03/8/2016 08:09

Yeah…still a carp company promising treasure just round the corner.
Last few interim results:
2014 to present interim results (each is a half year)
5.01
6.21
5.67
5.33
5.6 (today)
…doesn’t look like growth to me.
H1 Revenue is LOWER than last year.
Cash burn has reduced though to 5.5m – although I expect this to reverse or revenue to fall further in H2 (efficiencies aren’t free money you save just by looking for them).

I'm not sure what might cause the shares to become fairly valued (my estimate circa £15m mkt cap at best compared to current £60m). It may be the exercise of the in the money share options OR the end of lock in period for recent equity placing investors.

[bakunin] 21/6/2016 10:46

I think the CFO left probably because there is very little for a CFO to manage at WAND; basically signing off the monthly wage bill and contractors' expense sheets. I get the impression that the CEO dominates strategy single-handedly.
Given the amount of time it is taking them to cross the chasm, it could well be that the opportunity is slipping away. There have been a number of high-profile outages at the hyperscalers, eg Salesforce, with loss of data; DR/replication is obviously not anywhere near watertight in the cloud. Saleforce has decided to solve the problem by passing the buck onto Amazon. Whether Amazon has better DR/replication is anybody's guess, but at least they are accumulating a hell of a lot of liability. I presume they have an army of lawyers at their disposal and the contracts they produce are jam-packed full of small print.
It won't be long before the academic research on which WAND's WAN-based active-active replication is based gets taken up by the Open Source community and WAND will themselves need an army of lawyers to fight patent cases against aficionados who do not make any money out of creating a free alternative.
WAND could forestall this by themselves making their core technology open source. This would help make it pervasive in IT circles, and help to get it fully battle-hardened. I do get the impression that WAND are going careful with their S&M because the technology hasn't been yet put to a hard-core test. It must also be a difficult sell because IT professionals are going to want to know that the academic research theory actually works in practice.
The Red Hat business model works just fine with open source core technology. For others, eg Alfresco, Stilo!, it has never worked at all. I'm not sure which bucket WAND would fall into, but given the mission-critical nature of the technology I would have thought the Red Hat one. There are all kinds of APIs/customisations for which WAND could sell service contracts. The trouble is it could be too late. They have a model that really necessitates a snowballing developing from initial very large upfront licence fees. If they move to annual service fees, their revenue will possibly be an eternity catching up with the cost structure.

[shauniekent] 16/6/2016 18:39

Price below placing as i thought it might. I know one (presumably) quite large short has closed their position in recent days. Despite this buying pressure the share price continues to fall which suggests to me there are no buyers for Wand shares. As mentioned before i out this down to the pre placing promotion having stopped now the placing is announced.

[saturn5] 12/6/2016 10:53

hold on for a sready price rise

[bakunin] 10/6/2016 11:24

Albeit I am a massive fan of the fundamental merits of the company's technology, today's RNS is jam-packed full of seemingly misleading statements about the company's progress culminating with "notwithstanding limited forward visibility of sales". Very disappointing that the company's management can't get sales traction with the amazing technological capabilities at their disposal.
Anyway, the S-T funding is now solved for the time being, so if one believes in the technology and one is a L-T investor, WAND ought to come good eventually.
Not good to see the CFO leaving for a company with better prospects.

[battlebus2] 10/6/2016 10:16

Yes Modford back in with a few this morning, sorry shaunstar but a expect a few shorters to close their positions in time.

[modform] 10/6/2016 10:13

Yes bb2, we have floor under the share price now

[battlebus2] 10/6/2016 07:34

Placing at 160....investors keen to take up the placing. Not a bad update either.

[bakunin] 06/6/2016 09:40

tickboo
An anarchist's perspective is essential to make money as a PI on the stock markets imo

[tickboo] 01/6/2016 14:01

Bakunin, firstly a great name and I assume named after the Russian revolutionary who was around at the same time as Marx?

Anyway, a well thought out and written post. I'll dive in here once I'm sure they are in the black or breaking even. The new (ish) CFO has reduced their costs but revenues are disappointing still, that needs to change before I invest here.

[bakunin] 27/5/2016 19:15

Hi Shaunstar
I would perhaps concur now with you over the S-T.
The change in tack towards AWS is going to make them very revenue-light in the coming months.
A lot of the system software providers, eg Imperva, have AWS "trials" that they have started to try and capture a new customer base. Imperva reckons they won't see any revenue from the AWS source at all until well into 2017, telling analysts not to even try and factor it into their forecasts, mainly because Amazon etc have cheap DIY alternatives on offer for DR, security, load balancing etc etc and it will take customers a while to realise the difference in quality.
As for the IBM OEM deal, I'm not sure that IBM are the channel partner that they were and they're all about controlling the customer and taking the lion's share of the very expensive deals that they enter into with their "particular" customer base.
The Big Data opportunity seems to have disappeared.
Having said all that, the technology that WAND have is awesome for anyone investing L-T; their only problem is getting traction and their current TAM size.
Where they went wrong imo is not listing in the US. They would have far greater, savvier analyst coverage, the chance to express themselves quarterly and roadshows galore where they could get themselves known.
I'm not sure whether Richards is actually doing such a great job of getting the company known among tech circles out in the US. Judging by his blog, he has far too much free time. He needs to be burning rubber and knocking on as many doors as possible. I feel there is an element of him putting things in place (although he is heavily dependent on his tech gurus) and waiting for things to happen. He talks about being a fan of Geoffrey Moore, but seems to have done nothing to implement his marketing methodologies; what you would call burning cash, but at the wrong stage of the TALC and which he would be admonished by Moore for. They've wasted quite a lot of money on their sales force when they were basically at the pioneering stage. They would do better taking a leaf out of Atlassian's book and concentrating on their technology until they have crossed the Chasm. When they get to that point they should burn the cash and sell like crazy.
So, WAND ought to be a good L-T investment if they figure out where they are on the TALC and manage the company accordingly, but with a rough ride S-T because they burnt too much cash at the wrong moment.

[shaunstar] 01/5/2016 16:07

Just popped in to give my bearish growl :-)

Cityam article is a puffpiece- but well done to all that have doubled your money in a short time.

However, placing definately coming and soon. It would be irresponsible of the directors not to take advantage of this share price to raise cash.

But at what price can the company raise the amount it needs lets say £20m... oh and that ibm announcement - did you see the bit about it actually incurring costs...

[thomasthetank1] 29/4/2016 13:12

Read Edison's note on WANDISCO, out this morning, by visiting hxxps://www.research-tree.com/company/JE00B6Y3DV84
"WANdisco has announced an OEM agreement with IBM, whereby IBM will embed an IBM-branded, customised version of Fusion into its BigInsights solution set. This is an important step as the company executes its indirect sales strategy, enabling WANdisco to leverage IBM’s global sales footprint and installed base. Our estimates do not change, but financials will be supported near term by IBM-funded development work, while royalties should start to support scalable growth from H2 onwards ..."

[hjs] 28/4/2016 09:58

IMHO, todays good news of the IBM DEAL is just the start, from now on we should get more good news and more deals on a regular time basis.
The way it went down,and goinf forward, watch this share go up very fast to 400p.When you have a deal with a well known company,others will follow.

[modform] 28/4/2016 08:26

Breaking out now, super news as was anticipated

[battlebus2] 28/4/2016 07:17

Extension of partnership with IBM into an OEM

[battlebus2] 24/4/2016 22:33

Some good news modform....WANdisco in line for government contracts as turnaround takes hold: The Sheffield and Silicon Valley ...

Software developer WANdisco is set to pick up a raft of government contracts this year as its strategic turnaround takes hold.

The Sheffield and Silicon Valley based big data pioneer has been working to turn itself around following a shift in the market and has pinned its hopes on migrating data from local storage to the cloud.

The company has recently bagged contracts with two of the world's top five big data companies Google and Amazon and says it is in talks with other heavyweights Microsoft, IBM and Oracle.

At the tail end of last year WANdisco announced two new contracts with a US financial services firm as well as an existing European telecomms client.

[modform] 18/4/2016 13:37

Have taken my original investment plus 20% profit out, since I have one bagged here, running it for free now whatever happens