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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wolfson Mic | WLF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 234.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 234.75 | 234.75 |
| Top Posts |
|---|
Posted at 29/4/2014 19:37 by nod Well done to investors who bought in the last six months. An overseas acquisition shows once again how poorly UK investors value UK tech companies leaving the door wide open for overseas buyers to acquire British technology. We will likely see a lot more of this if valuations don't improve. |
Posted at 29/1/2014 17:35 by fabzzz For those who'd like to know a little more about WLF's shiny new hedge fund investor - hxxp://www.insidermo May well liven things up in coming months.... |
Posted at 30/10/2013 19:53 by gpedro2 I bought more yesterday too.. really breaking all the rules about portfolio diversification on this one!You say you're a fairly new investor to wlf.. when did you buy your first batch? |
Posted at 24/2/2012 19:56 by fabzzz Wolfson keen to prove life after AppleBy Mark Wembridge Since Apple pulled the plug on its contracts with Wolfson Microelectronics, the Edinburgh-based chipmaker has endeavoured to prove to the world that it has not lost its winning formula. But fierce competition, three consecutive annual pre-tax losses, and a dwindling cash pile has meant that Wolfson previously among the UK's most promising tech companies is facing a make-or-break 2012. Once the Scottish company's largest customer, the US group left the company looking on when it dropped Wolfson's chips from Apple's iPhones and chose competitors' cheaper technology for its updated designs. Although Wolfson stressed it had moved on from Apple's rejection and broadened its customer base supplying Samsung's smartphones, Research In Motion's BlackBerrys and the new Sony PlayStation Vita console the group's troubles seem to run deep. After its technology was used in early versions of Apple's iPod nano and iPhone 3G, Wolfson's chips were not included in newer, higher-selling designs. This problem reappeared in April when Samsung, one of its largest customers, ordered fewer chips than expected after promoting a smartphone that did not contain Wolfson's products. "Wolfson was particularly unlucky last year being in the wrong Samsung smartphone," said Alex Jarvis, an analyst at Peel Hunt. "The sure thing nowadays is that if your technology is in Apple [products], you're going to be doing well. Everything else is a bit of a gamble." That issue was highlighted when the chipmaker reported that pre-tax losses widened from $11.2m in 2010 to $24m in 2011, on flat revenues of $157m, in spite of new partnerships with companies such as ZTE, Toshiba, Fujitsu and Acer. By contrast, rival Arm Holdings in January reported a 45 per cent jump in fourth-quarter pre-tax profit to £69m on the back of strong sales of Apple's iPad and iPhone. Wolfson said it was developing components that would be tougher to imitate. "Getting in at that level ... means that we're going to increase our stickiness in that device, so it's not a straightforward case of swapping one thing for another," the company said. To fill the hole left by Apple, Wolfson has increased its spending on research and development, where more than half of the group's 400-strong staff are employed. It spent $80m of its $157m revenues in 2011 on R&D and overheads, eating into its cash pile, which last year shrank from $97.1m to $53.4m. "We need to lead the tech race, and in order to win that race you have to bring out innovative new products at the right time," the company said. But not being a consumer-facing business, Wolfson's fortunes are tied with those of the companies it supplies, and it has been hurt by RIM's delay in rolling out new smartphones. Other concerns that analysts at Citigroup warn could arise in 2012 include a deterioration in end-market demand as consumers cut spending on gadgets, the failure to achieve significant wins with key new products and competitive pressures affecting margins. Wolfson was spun out of Edinburgh University in 1984 and floated in 2003 at 210p per share. The boom in personal mobile devices, such as smartphones and satellite navigation systems, propelled its shares above 470p in mid-2006, but they fell back to 70p in 2008 following Apple's rejection. Shares are now trading around 180p on the back of investor confidence that it can make good on its forecasts of a return to underlying profitability in the fourth quarter of 2012. "We're relying now on our partnerships our customers and their products to ramp up," said Mark Cubitt, Wolfson chief financial officer. "As they do, we expect to see growth." However, Wolfson voiced similar hopes in 2011 after launches of new smartphones and tablet devices. But a slowdown in orders from one of its biggest customers and weaker demand for chips used in digital cameras and satellite navigation units again weighed on sales and pushed it to a pre-tax loss. The group's technology was chosen to be used in a record 382 devices in 2011, which Wolfson said will drive revenues and its forecast return to underlying profitability this year. But it is the lack of Apple's name on its customer list that hangs over Wolfson, and only a return to profit will prove to investors that the chipmaker is on the road to recovery. |
Posted at 03/10/2010 12:31 by pjw956 from usa siteWolfson audio in iPhone 5 and iPad 2, says Taiwan report David Manners Friday 01 October 2010 13:57 Wolfson Microelectronics has won the audio slots for future iPhones and iPads, according to the Economic Daily News of Taiwan, which means that Cirrus Logic has lost its design-ins. It is also reported that, in the iPhone 5 and iPad 2, Marvell will supply the WiFi, Broadcom the touch screen controller, Samsung the applications processor, TI the power management, CSR the Bluetooth, National/Infineon the video display interface IC, and Intel the flash. It has been rumoured for about a year that Qualcomm will provide the baseband in succession to Infineon's wireless unit (now owned by Intel). Cirrus and Wolfson have been fighting for audio slots for a decade or more. So fierce is the battle that, a few days before Wolfson IPO's back in 2003, Cirrus announced an IP lawsuit against Wolfson. Investors saw the lawsuit as an obvious spoiler and it had no effect on the offer's success. If today's stories are true that Wolfson has ousted Cirrus from the Apple slots, it will be sweet revenge |
Posted at 08/8/2010 10:31 by nod Although the recent story looks encouraging investors don't know yet whether WLF is winning business through low prices. The H1 PBT is 17% lower than H1 last year, which itself was a bad H1 down 12% on 2008. WLF says "expecting" to make a profit Q3 - which sounds a bit borderline.If so, the full year is most likely a loss again. The market cap is 3 times turnover and the turnover is only rising 15% and this increase resulted in greater operating losses ... I suspect the wins are down to lower prices. WLF's technology space has become more competitive and its hay-days may be well behind it - imho. |
Posted at 20/5/2010 20:44 by boadicea BVM - The company has recently reported negative cash flow for 2010-Q1: "Cash and short-term deposits amounted to $91.0m at 4 April 2010 compared to $97.8m at both 3 January 2010 and 5 April 2009." Hence I assume you are rather lately referring to the annual results published on 9th Feb. They did indeed show a positive cash flow:- "Cash and short-term deposits amounted to $97.8m at 3 January 2010 (28 December 2008: $92.2m). The Company has no debt." The two largest items contributing to this were the operating loss for the year (negative cash flow) and the depreciation and amortisation of plant/equipment/good In the current case, this money 'set aside' happens to be greater than the loss, leading to an increase in cash. (Other lesser effects have to be taken into account but are not significant enough to alter that conclusion.) This is the simplest reason for the positive cash flow. Another effect that is often important for a company with contracting sales are the reduction in inventory and debtors that tend to accompany it. Conversely, expanding companies often have negative cash flow for the opposite reason. These are typically normal effects that any investor, whether engineer or historian, should try to grasp before venturing into shark infested world of shares! |
Posted at 02/5/2010 04:27 by nod Wolfson chipper as dip endsPublished Date: 02 May 2010 By Kristy Dorsey WOLFSON Microelectronics is expected to report a solid set of first quarter results this week as it begins what investors hope will be the road to recovery after a difficult 2009. |
Posted at 18/4/2010 02:12 by nod Elonics has past connections to Wolfson. David Mile is now Chairman. David Srodzinski is ex-Wolfson. Has wealthy backers. I guess Elonics will float one day.Elonics eyes set-top market in £4m deal Published Date: 18 April 2010 By Scott Reid Deputy Business Editor A TECHNOLOGY company whose backers include Sir Tom Farmer and Brian Souter is on course to break even by the end of the year as it closes in on a fresh £4 million funding deal to help grow its product portfolio. David Srodzinski, founder and chief executive of Livingston-based Elonics, said the "best is yet to come" as he revealed that the cash call should be finalised within the next two months. The Welshman was speaking following the production release of the company's latest device a multi-band tuner module that can be used to receive digital TV and radio broadcasts. The new product is a development of an existing device that should open up even bigger markets to the firm. It is set to feature in a range of consumer devices, including digital set-top boxes, portable media players and in-car television units. Srodzinski, who has previously worked at Edinburgh-based Wolfson Microelectronics and Intel, said the company was also benefiting from the worldwide digital switchover. "We are seeing the switchover take place in the UK and the same thing is happening all over the world," he noted. "One of the advantages of our technology is that is works with all these differing standards there is a very wide market base opportunity. "We are shipping devices and have regional sales offices. The company is very revenue driven but cost conscious like anyone else. "We are looking to see if we can break even towards the end of this year." Elonics, which was founded in 2003 and has some 20 staff, designs, develops and markets its DigitalTune platform. Manufacturing is undertaken by third parties in the US and EU. Srodzinski said the release of the new tuner chip was "a stepping stone" into the set-top box market, where unit sales exceed 100 million a year. "This is a market tens times bigger than for the existing product. A company like ours relies on a portfolio of devices There are some excellent products planned for the future and the best is yet to come." Elonics raised its first equity funding some £2.5m during 2008. Investors included high-profile businessmen Farmer and Souter, Perth-based investment house Braveheart and Scottish Enterprise. Asked if the company may pitch for further investment beyond the current round, Srodzinski said: "We believe that with the plans we have today we don't necessarily have to (tap investors again], but there are a lot of new exciting opportunities where we could rapidly expand." |
Posted at 05/1/2010 10:55 by bvm I think WM are still off the ball following their disasterous Shrigley episode and struggling to get back on it; the low share price reflects (in so far as any share price reflects any underlying truths...) the fact that they've not released anything to wow the market for quite some time now (hence the dismal revenues) and the acquisitions are still to take off revenues-wise. Competitors - primarily Cirrus - seem to be eating WM's high-profile tier-1 lunches left, right and centre. You should not be losing customers like Apple and we've been hearing "that big Nokia win is just around the corner" cry of wolf for too long now.I hold enough WM shares that I'd love to see the price back about 5 pounds - actually, even 3 pounds would do - but frankly see little reason for it to get there given current successive dire business updates. Either they have a fantastic poker face and the next update is going to be an astounding bolt from the blue, or more likely it'll be a case of "ticking over" and minimising money loss again. I see little reason for anyone to buy them; they aren't in all the mnust-have products now and nicking engineering teams is the way to go (IMO) as it is much less hassle and much cheaper than buying additional unwanted buldings, admin functions, pension obligations etc. Sorry if it seems I was ranting in my last post (I suppose I was!), but I see red when mega-highly-paid city boys who are supposed to have brains the size of planets and provide hard-edged-incisive- BVM |
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