||EPS - Basic
||Market Cap (m)
|Technology Hardware & Equipment
Real-Time news about Wolfson Mic (London Stock Exchange): 0 recent articles
|johnward1234: For me I don't think this is a good deal for long time holders (wolf never paid a dividend ) They have sold out to early in my opinion fwiw. the buyer Cirrus share price has jumped up today on this news, that speaks volumes, but then it's not done deal yet. ( hopefully )|
|priteshpatel9: Didn't the share price tumble when Samsung announced lower S4 shipments?Well now.......Samsung sold 20 million Galaxy S4s in two months (that's 228 per minute): http://www.androidauthority.com/samsung-galaxy-s4-20-million-238422/|
|amt: Its early days but if turnover grows at 60% per annum and margins go back to 45 to 50% then the current share price will multiply several fold. Just depends if they can execute.|
|fabzzz: Am surprised the share price is holding up so well...in many ways, its another quarter of what has now become a familiar story - revenues up, still loss making and I really don't buy seasonality as an excuse given current product mix - they have moved away from PCs and games consoles which were very much driven by Xmas sales, smartphone sales seem more annually cumulative rather than Q4 heavy. Cash position is worrisome - burnt through $12m in a quarter, so cash pile down into the £30ms, with working cap needs projected to increase over the year...rights issue q4 anyone? Another noteworthy omission, well for me anyway, is this time omitting reference to profitability in the headline announcement - its all about revenue growth alone this time around. Also, the over reliance on Samsung is stark - largest Q1 customer = 62% of revs. And yet its still £2. Mnnn|
|fabzzz: Not sure there is any reason for the share price to shift anywhere at the moment. There was a time when WLF shifted inexplicably, and fast, but no longer. If anything, it will be hammered at the next misstep -
- yes they develop what are seen as "nice" products
- yes in 2012 they were designed into the frontline product line up of the current no 1 mobile device OEM
But did they turn a profit in 2012? Sadly not. Did they make more mistakes? Yes, by misjudging or not preparing for the Samsung demand - I believe they had to source additional manufacturing supply and this negatively impacted the margin. So is that bad management or the wrong business model? Whilst WLF has drifted, the ARMs and IMGs (and now also the CSRs) have roared on. ARM and IMG have a different business model, but it has to be said very different product offerings to audio.
We know they have had to re-focus their business entirely over the past 3 years or so, they were dying - just look at what has happened to their pre-smartphone markets - and spent a fair chunk of their $100m dowry doing so.
That aside, my own gripes lie in the lack of commitment to creating any short of shareholder value. Frankly, why are they listed? How many announcements do they put out annually that are actually worth knowing about - a few headset wins, winning a slot in some portable music player. And there are ways and means to deal with the much toted "confidentiality" restrictions imposed on them. I think they have been banging on about record design wins for at least 3 years now, but still they are mired in the red - they just cannot generate sufficient revenues on a static enough cost base to create consistent and material levels of profitability. They probably need to reach $230m t/o p/a to get taken at all seriously. If they achieve that as a free standing independent I will be very pleasantly surprised.
Personally, I see them as a take out target - assimilated into a much bigger beast, blast away the management and let the engineers and designers crack on as a top notch internal division. The accumulated tax losses and $50m in cash will help tempt someone out of the woodwork once the consolidation in this sector, which will come, materialises.|
|andrewbaker: The progress of Wolfson is puzzling: its products are good and in demand, and, as pointed out above, Blackrock has bought in heavily (now over 10% of the equity), yet the share price just doesn't seem to be able to move upwards as much as holders (like myself) would like.
Looking at the Glassdoor reviews for Wolfson, though there are only two, it is suggested there that the senior management are not so good, although they do have skilled, competent and capable engineers. So, maybe this is a case of a good company run by not-so-good management, which is better than a not-so-good company being run by bad management: so I'll hold a while longer.
Who knows, maybe the management will improve, in which case, I may even buy back some more (having taken profits on half a while ago).|
|johnward1234: i'm a little surprised the share price dropped so much this morning after full year results and with a positive outlook going forward. I'm still holding on to my shares. (this tree shake won't take me out.)|
|domtheone: Tabloid story:
For once, the new must-have phone is not made by Apple.
The Galaxy S III is set to become Samsung's fastest-selling smartphone, with the South Korean tech giant expecting to have shifted 10 million by July.
It is pretty good news, then, for Wolfson Microelectronics that its technology is in the potential iPhone killer. The small-cap chip designer announced today that its "Audio Hub" product is being used in the phone, the latest tie-up between the two companies.
Although some argued that the news was hardly a surprise, it was clearly not an anti-climax for everyone: Wolfson jumped 13p to 203p - its highest level for a year.
Citing Samsung's bullishness over the phone's prospects, Numis Securities' Nick James announced he was now a buyer of Wolfson's shares and he raised his target price to 250p. It makes a nice change from almost exactly 12 months ago when Wolfson's share price lost more than a quarter in just one session thanks a profits warning, which the firm blamed on consumers being increasingly cautious about splashing out on electronics.|
|andrewbaker: The general market is pausing right now: the chips WLF make are going to be in big demand going forward as more and more mobile and cloud computing is done, and this will propel the share price north.
Disclosure: long WLF.|
|domtheone: Merry Christmas to Wolfsen holders.
Heres to a happy new year. AKA 500p share price :-)|
Wolfson Microelectronics share price data is direct from the London Stock Exchange