Wandisco Share Discussion Threads

[losses] 11/10/2018 10:12

What's your target price to buy on?

[tickboo] 11/10/2018 10:11

Fair points but if wand hits year end forecasts (albeit loss making) I'd imagine it'll prove the new model and FY19 will be revised with higher revenues given the recurring revenues and hopefully traction with their OEMs. 1,000 Alibaba sales reps under going training. I'm an optimist!

[owenski] 11/10/2018 10:06

The business model here has changed and over a short period, it's not what was expected and this is the result.

It was trading at a very high premium for a company with small revenue and zero profit. WAND had expectations attached to it that were not realised, the share price is now correcting, rightly so.

Unfortunately it coincides with a wider market sell off that is focusing particularly on overpriced 'blue sky' investments.... A dose of reality has arrived, as it does.

The valuation here could still be viewed as eye wateringly high.

I intend to be patient before committing anything here.

[tickboo] 11/10/2018 09:49

When they raised all that cash last Dec in order to accelerate growth and sign more OEMs (succeeded with Alibaba and Azure) but they should have articulated the change in approach from big ticket on premise deals to recurring cloud deals at a smaller value but high probability of growth each year given their data needs will only go one way. The market may have been more prepared for the H1 results.Anyway, as KtoKP states IBM tend to get some chunky deals in Q4 and given Azure secures 3 clients in its first 3 months you'd expect them to do 10+ deals in 6 months and hopefully Alibaba, Oracle, Byte et al will contribute impressively too.

[bookbroker] 11/10/2018 09:40

So what has he said, the problem being in the past he has been overly optomistic, and now the stock is being marked to reflect, good product or not the company has to prove that it can become earnings positive!

[tickboo] 11/10/2018 09:36

*DR has spoken

[tickboo] 11/10/2018 09:35

Exactly, that's how funds earn their corn, share prices appreciating. I'd hope DR has spoke to all IIs who are holding firm and perhaps some may buy more. That would be a blessing. Below my average for the first time in a long time.I'll hold tight and see where this goes before adding.

[knighttokingprawn] 11/10/2018 09:29

The swedes will be more than annoyed...this will hurt and it is their money .its how they get paid. I reckon it could be a 1 pct of their book ..they had 6 pct at £8 .. could now be costing them 50 basis points .. believe it or not that’s a big deal for any fund manager ..

I am buying here to 4 however .. I think Bookings fine and RNS will come into year end ... IBM likely very back end loaded to Q4 .. but a trading range £4-6 between now a Xmas.. .. so trading longs at £4 and change ...

[nimbo1] 11/10/2018 09:21

The Swedish fund will treat it as no more than annoyance. It’s not their personal money!

[tickboo] 11/10/2018 08:58

Fair point nimbo. The Swedish fund must be sore. If it goes down to 4.00 I do hope it bounces hard and we have some positive news to sustain it. If it goes down to 4.00 I'll try and pick up some more. A glutton for punishment!

[losses] 11/10/2018 08:53

Still waiting for 400

[nimbo1] 11/10/2018 08:52

Tickboo the 12 month high is an irrelevance made on momentum and hot air. The classic mistake investors make is to get fixated on the high and think it must now be a bargain because it’s come down significantly. Wand could still be very expensive here! It may not be of course.

[owenski] 11/10/2018 08:38

Looking like this'll go to 400

[tickboo] 11/10/2018 08:25

It's 12 month high is 12.55 so it's down well over 50% and not far off 2/3rds! DR needs to release some news to support this collapsing share price. No Oct trading update though but deals RNSs would be good and emphasising we're on track for FY forecasts.

[nimbo1] 11/10/2018 08:02

With companies like tencent approaching 50 percent falls this could see who knows what. Gives me no comfort not to be holding as could be the same on some of my other positions. Many people don’t remember what a bear market looks like - capital preservation key! Anyway good luck all.

[knighttokingprawn] 10/10/2018 22:35

The problem for DR is that he has let II money in at some poor levels recently ..there was clearly some assumetty of info that led to that money coming in..
the problem for DR is that he doesn’t understand ii money as well as he thinks he does .. and he is now or about too get a harsh lesson in how a stock can disconnect from he may think is good news ...

Stock won’t work now is my guess as I don’t see new money coming in .. and existing money is getting tired .. will now be a solid 12 months of execution needed to rebuild ...imo ..

It is a shame as £6-8 was a healthy trading range . But the goosing if the stock and the Weak 1H has hurt badly

Anyone in now doesnt get to trade out at the Recent highs ... until revenues are doing £50 mn plus ..and he will have tonoost them and we will have to see them .. multiple compression now even in a rising revenue environment .. hype window shut!

[owenski] 10/10/2018 16:10

Could go a lot lower yet, it's on a high rating and risk is coming off the markets atm

[tickboo] 10/10/2018 16:09

The only thing to stop the capitulation is to release a positive RNS on Alibaba or the like. Maybe that would only pause the decline for a bit. Will sit tight and hold in the hope an RNS lands.Hopefully DR is going a sales job on IIs and gets some decent money piling in. Not sure that'll be easy with the sentiment and H1 results but who knows they may buy into the bigger picture.

[vanadiumx] 10/10/2018 15:36

I'm out fir now also. Need to see some sales momentum before getting back in here. I still think it will come but just need validation.

[jackdaw4243] 10/10/2018 15:27

19k buys and 80k sells, mine is in there someplace, now out, good luck everyone.

[tickboo] 10/10/2018 15:26

Christ, I'm not good at this. Bought 4,000 last week for 5.50 a pop. Muppet.

[nimbo1] 10/10/2018 15:16

Capitulation is coming unfortunately (to the market that is). In this market its a watching brief to see where things settle. live to fight another day and all that. very hard for things like wand to escape - even if its already fallen 'enough'.

[jackdaw4243] 10/10/2018 14:17

Accounts 31 December 2017 show

Cash at Bank £181,101

Debtors £3,095,916

Creditors within one year (£11,087,824)

If new money does come in then I am sure they would want some clarity on the £10,393,695 owed to group undertakings, write down or write off.

Those 40,000 sells were worth over £490,000 3 months ago now sold for under £200,000 someone is hurting or kicking themselves.