ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

WAND Wandisco Plc

63.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Wandisco Investors - WAND

Wandisco Investors - WAND

Share Name Share Symbol Market Stock Type
Wandisco Plc WAND London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 63.60 00:00:00
Open Price Low Price High Price Close Price Previous Close
63.60 63.60
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

Top Posts
Posted at 31/7/2023 15:23 by bmwman3
Investors getting in for tomorrow's expected rise
Posted at 28/7/2023 14:03 by scrutable
I wonder whether the many muck spreaders infesting this site have troubled to question why temp. CEO Steve Kelly has decided to take on his job.

I put my money where my mouth is and bought a small parcel of shares two days ago. I was not surprised to see them rise sharply after delisting. The explanation lies partly in Steve Kelly's Forward to the Annual Report. It is worth reading. Key sections like:

building on our competitive position in an attractive market 2022, a wasted year, I started in my role as Interim Chief Executive on 10 May 2023 and have agreed to take up the permanent position on the completion of an issue of 30m of equity securities .....
I am a shareholder in WANdisco so I share many of the same sentiments, surprise and disappointments as other shareholders. The belief that the Group had secured significant new orders led to some complacency amongst the sales and business development resources such that there was a failure to develop a significant pipeline believing that the substantial orders that had been placed would provide an opportunity to achieve the required sales growth in an orderly fashion........

Strategic report

Data ingestion offerings come from all the cloud providers; they are unique to the cloud providers. These are custom offerings often promoted by the data integrators. One of these alternatives is optimized to move large dynamic data sets at speed. Often they can be expensive to develop reliably and time consuming to deploy. Our technology is different because it has the capability to seamlessly move large amounts of data at speed with zero downtime or business disruption. It is cloud agnostic, offering our customers the choice of multiple cloud providers, for hybrid and multi-cloud environments and live data can be moved even whilst it is changing.

Developing a world class go to market(“GTM221;) organisation

So why have we failed repeatedly to take advantage of the market opportunity with differentiated technology? The answer is that we have been shown to be severely inadequate as a sales organisation to develop and convert sales opportunities despite the obvious needs of the prospective customers and the obvious growing demand for our offering.

My immediate focus is to develop a sales partner and business development organisation that can better articulate the use cases and prove value to new and existing customers and prospective customers. We must work more effectively alongside our existing partner relationships with the cloud providers such as AWS, Google, Microsoft, Oracle, the OEM relationship with IBM and the analytics partnerships with Databricks and Snowflake as well as other alliance relationships.
Our strategy must be to grow direct sales alongside these partner relationships
with a growing emphasis on subscription sales rather than a ‘commit to consume’
model. We can also do a better job at selling services alongside the software
sales. Strong account management will also be used to ensure the demands of our
customers can be reliably and effectively met.
We must ensure ease of implementation and deployment which we can achieve using
the strong technical support that we have in our business.

Priorities

My priorities are to target run-rate cash flow breakeven sometime during the latter half of FY24 followed by EBITDA breakeven and ultimately to move towards profitability. We can achieve this by driving sales growth and by ensuring better cost management. Raising the 30m equity in the business alongside cash flow breakeven will ensure that WANdisco will break the habit of incurring cash flow losses and then returning to shareholders for additional funding and dilution. My most immediate priority during the balance of 2023 is to build a pipeline that can support sales and revenue growth as we move through 2024. We are in the early stages of rebuilding the G81 functions with a number of workstreams identified. We will update investors on progress as we go.

Building on the good start

Ken Lever’s involvement with the business for the six weeks prior to me joining the
Group set us on the right road. The initial focus had to be on cost reduction through headcount realignment, refinancing, the
investigation into the Irregularities and creating a better environment for good
governance. I am now going to build on this strong start and ensure we develop a strong performance culture within the Group, focus on responsibility and accountability at all levels in the organisation, establish the most effective business development and GTM strategy and establish world class governance. 8here is much to do but with the strong Executive Team in place I am confident that we can succeed.

There is no doubt we have an attractive market: significant size, strong growth,
limited direct competition and customer demand from the Global 1000. There is clear evidence that we have a strong product offering and we can demonstrate value to the customer at an economic price point. We must do more on organisational capability: we have the channels to market. We must make better use of them; we have the management and leadership – we must build on this and, we have the required cost
and resource base – we need to do more to ensure its effectiveness.

Profiting from the strategic position

The classic ingredients for success are in place, an attractive market and a good
competitive position. To capitalise on it, we need greater discipline and focus. The
new leadership in the business will provide the framework to drive value creation for all our stakeholders so that our partners, customers and colleagues share in the success of the new WANdisco as we drive growth in the economic value of the business for our shareholders. Without doubt 2023 will be a transition year on theroad to greater prosperity for the Group in 2024 and beyond.
Posted at 27/7/2023 08:50 by bmwman3
Coming from the poster who told me ITS was down yesterday when in fact it was 100 percent up the likes of JohnJames and Robert come on to stop good dialogue and disrupt and are renown shorters and I for one will not tolerate them misleading decent investors
Posted at 27/7/2023 07:24 by genierub
MMs have been absolutely flapping it hence the shake. Look at all the investors just buying. This is going to break up soon. Down from 1400p!
Posted at 25/7/2023 07:34 by scepticalinvestor
Investors will always be wondering if the sales figures are being massaged. . .
Posted at 13/7/2023 16:33 by al101uk
Scutable,

For the four examples that the company posted:

Xandr and GoDaddy are one off migrations for decomissioning of legacy equiment, the two others are disaster recovery solutions that will likely have much smaller deltas on an ongoing basis (copy data once, then only changes on an ongoing basis). It's typical for technology suppliers to have a high RRP on their software/services, which is then hugely discounted in the real world.

I don't think there was or is anything wrong with the solution WAND provide, it was just massively oversold to investors.

Primarily it's not an "at the edge" unique solution for IOT providers. Rather it's a simple migration tool that is able to move Hadoop data from on-premise to cloud. There are a couple of issues with that:

1. There is free software that can do the job, albeit they may not be as efficient. That software is supplied by Cloud providers among others, so not fly by night private or small cap companies.

2. Hadoop is an older open source technology designed by Apache and has mostly been superceded by Spark (also Apache) which is superior for real time processing and AI albeit more expensive.

There may be a business for WAND going forward, but if that business exists in the kind of volume WAND needs, it may still be subscale for a puiblicly listed company.

Migration tools are a dime a dozen, they all work on a bulk copy, followed by deltas and final cutover. WAND has managed to find a very small niche to sell it's unique features in to... the question still remains if that niche is big enough to support the company going forward. History would suggest it isn't.
Posted at 05/7/2023 16:11 by dr biotech
Since that 220p low about 14 months ago the company has been the victim of fraud, burned through a huge pile of cash and hardly grown sales at all. So I'd say it was worth a lot less than that.

I don't understand your 220 + 50p argument either. Even if it was worth 220p, they have issues 60m or so (roughly doubling the shares in issue) new shares at 50p. So each share would be worth approx (220+50)/2 ie 135p. But despite the cash and commitment of the new management, I don't think they'll ever turn in a worthwhile profit.


SCRUTABLE 5 Jul '23 - 11:40 - 6109 of 6114
0 0 0
Opinions here are are 100% negative. except for mine. Not a good word to say for Wand, but are Accenture really all Fools? And the replacement management?

In previous years before the fraud, the share price low point had twice bottomed out at 330p in Dec 2019 and again in Dec 2020. During the early part of the fraud the share price reached a greater low at 210p

Surely after the coming restart the value must be higher than the value of the additional capital raised and arguably 210p + 50p? The subscription is set extremely low as it has to be - to encourage investors at a rotten time in the market - the worst since 2008 or even earlier.
Posted at 05/7/2023 10:40 by scrutable
Opinions here are are 100% negative. except for mine. Not a good word to say for Wand, but are Accenture really all Fools? And the replacement management?

In previous years before the fraud, the share price low point had twice bottomed out at 330p in Dec 2019 and again in Dec 2020. During the early part of the fraud the share price reached a greater low at 210p

Surely after the coming restart the value must be higher than the value of the additional capital raised and arguably 210p + 50p? The subscription is set extremely low as it has to be - to encourage investors at a rotten time in the market - the worst since 2008 or even earlier.

Investors are so sick of the whole affair that they will sell at any price - asap after 8.00am immediately on relisting, Friday, possibly bringing the shares down to a discount for only a very short time.
Posted at 29/3/2023 17:24 by hedgehog 100
There are quite a few parallels between WAND and the massive defrauding of investors at Independent Insurance (IIG):-


"The fall of the house that Bright built

The meltdown at Independent Insurance took the City â¿“ and thousands of policy-holders â¿“ by surprise. Yet the signs of impending disaster had been there for years, with only the charisma of its chief executive, Michael Bright, to hide the danger. Here, in unprecedented detail, is the chronicle of a crash foretold...

Chris Blackhurst Wednesday 04 July 2001 00:00

... The story of the rise and fall of Independent Insurance and of Michael Bright has a familiarly depressing ring. A strong character with huge ambition sweeps all before him; compliant colleagues stay, those who beg to differ are ousted; prestigious name advisers, dazzled by thoughts of partnership pay-outs and bonuses, queue to assist him; some sections of the financial press, prompted by the attentive prodding of City public relations executives, fawn all over him; and all the time, his strategy is built on sand.

For Michael Bright read any other business star who seemed to have found a way of making money where others hadn't, and crashed to earth with terrible results. ..."




"Independent execs get seven years in jail

Press Association
Wed 24 Oct 2007 13.53 BST

A crooked insurance chief and two of his former directors were jailed for up to seven years each today for covering up one of Britain's "worst commercial disasters".

Led by Michael Bright, once feted as one of the country's leading businessmen, they desperately sought to safeguard their reputations and well-paid jobs by hiding the company's ailing health.

They knew the market value of Independent Insurance - once the award-winning darling of the City - would plunge "dramatically" if full details of their losses ever became public knowledge.

London's Southwark Crown Court heard for years they pulled the wool over the eyes of fellow directors, the company's professional advisors and its investors in one of the most comprehensive cover-ups the City has seen. ..."
Posted at 21/3/2023 19:02 by yamscat
Did I miss what the recovery plan was?



> A rallying cry for institutional investors in @Wandisco
to back the recovery plan - Project Phoenix goal for Wandisco to relist on FTSE as a leader in UK growth tech and potential global market leader





> Calling on institutional investors to back ‘Phoenix’ & new Interim Chair, when appointment announced to articulate the recovery plan

Your Recent History

Delayed Upgrade Clock