Wandisco Share Discussion Threads

[redrag1] 20/2/2020 11:52

Yep I think we have got it about right. The fact that Dave has raised money twice at 15-25% premia to the existing mkt means he has his believers. I think my b/e is c £6 but I have a lot and really still hope for the IBM takeover north of £10/share.

[tickboo] 20/2/2020 11:33

True re the shocking FY figures but we've had some funds buying a fair whack of stock which has moved us (2 TR1 RNSs) and although wand have missed every target so their talk is cheap it is the first time they've said the cash on the balance bc e sheet will enable them to reach cash flow break even. We're also expecting some large deal RNSs in the coming weeks as stated in the RNS. Here's hoping and remember the raise before last was at 5.50 so still below it.

[tickboo] 20/2/2020 11:30

Back in the black I reckon!

[redrag1] 20/2/2020 11:19

Assumptions are dangerous especially given we have rallied 50% in Feb with the only news being a huge miss!
However as u say stock in tight hands which is why we have rallied so far on such light volumes.
Tech - we are comfortably above the Daily MAs of importance but bang on the Weekly 200. A clear break here then minor resistances at 570 and 610. Break those 2 and the next one is 858.

[cokehookerscars] 20/2/2020 11:19

Need a couple of % more until I'm back in the red here.
Looking for £10 within 24months

[tickboo] 20/2/2020 10:41

Shareholder % HoldingOppenheimer/Invesco 10.36%Davis Capital 7.48%T Rowe 6.53%Swedbank 6.22%Lombard Odier 5.08%Conifer Capital Management 4.93%Ross Creek 4.16%Jon D & Linda W Gruber Revocable Trust 4%Global Frontiers 3.39%Over 50% of the shares are held in the above sticky hands (some recent accumulations) and we have the directors holdings too which are also sticky so hopefully some good news will push this higher still.As stated by redrag hopefully we finish higher than the 200 day MA of 5.25 and it'll look rosier (I'm no techy so am assuming this is accurate).

[tickboo] 19/2/2020 12:11

The MMs seem keen to take this higher on little volume. Would prefer more volume but we've had some decent accumulation in the last couple of weeks so all good.

[tickboo] 19/2/2020 08:05

Their short went below 0.5% a while ago but they still could've had 200,000 or so so maybe they've closed out.

[redrag1] 19/2/2020 08:03

Blackrock coveting their short??

[tickboo] 18/2/2020 16:45

Well we're due news and given some large buys I'm hopeful this won't slide back and we'll be nearer £10 than £5

[redrag1] 18/2/2020 16:28

In a portfolio of misery (aka energy stocks) Wand has traded very nicely. I’m becoming dangerously optimistic. Cue decline back to £3.50.
Joking apart we’ve waited a long time. It would be nice if we could have that £20 take out by IBM now. Please!

[jackdaw4243] 18/2/2020 16:28

Back in profit, should I be backing the prophet DR.

[tickboo] 18/2/2020 16:01

More accumulation, 125,000 at 5 twice.

[tickboo] 17/2/2020 09:42

Thanks for that. Looks like some of these large contract RNSs needed to get through the resistance levels. Done just be closed soon so fingers crossed.

[redrag1] 17/2/2020 09:00

Guru is a strong word but :
Wand has a lot of work to do. It’s 200 DMA is at 4.65 and then there is the Jan high at 4.85.
It’s 200 weekly MA is at 5.25 so until we trade and close above there then we remain in the dog house I’m afraid!
Small resistance at 5.75 and m6.10 and then it’s the sunlit uplands.
So much work to be done.

[tickboo] 16/2/2020 12:30

Where are the TA gurus?I think we need some positive RNSs before the audited results are published so in the next few weeks. "Our partnership with Microsoft has been transformative for the Company and we are thrilled that our joint solution is now in the final phases prior to general availability."It is a sign of great encouragement and pride that two of Microsoft Azure's largest customers are engaging in the private preview phase to be the first to gain access to this inimitable solution."We look forward to working closely with Microsoft over the coming months as our joint product becomes publicly accessible for the first time in Q1.

[tickboo] 16/2/2020 10:23

ARM, Barclays, Bosch, Cisco, Dailmer-Benz, Dell, Experian, Fujitsu, ICM, UCLA, Vanguard.Any technical analysis on wand?

[cokehookerscars] 16/2/2020 02:50

Anyone know who the customers are ?

[tickboo] 15/2/2020 14:18

Sorry to flood the board (you can tell I'm back holding a decent enough number again here). According to Edison -Gross cash at year end was $23.3m, implying the business consumed c $10m in H219.We now expect gross cash to trough at $15m in H120 and profitability at the EBITDA level in H220.Whether the above happens (with wand's track record it's unlikely) they should have some decent contingency if they burn more in H1 than thought.News incoming before April and hopefully the audited results -The Company expects to update the market on the progress of the private and public preview phases ahead of the full launch of general availability and joint go-to-market.David Richards, Chief Executive Officer and Chairman of WANdisco commented:"Our partnership with Microsoft has been transformative for the Company and we are thrilled that our joint solution is now in the final phases prior to general availability."It is a sign of great encouragement and pride that two of Microsoft Azure's largest customers are engaging in the private preview phase to be the first to gain access to this inimitable solution."We look forward to working closely with Microsoft over the coming months as our joint product becomes publicly accessible for the first time in Q1."

[tickboo] 15/2/2020 13:36

Deals slip into FY20...WANdisco's FY19 revenue guidance of $24m implied a half-on-half improvement ($6m in H1 and $18m in H2) that was always likely to prove challenging (see On the cusp?). According to the company, a majority of the delay was due to a small number of large Microsoft co-sell deals that are now likely to be implemented through the embedded platform. The timing of other deals was affected by late changes in scope. The board is confident it can close these deals in H120. Gross cash at year end was $23.3m, implying the business consumed c $10m in H219....but embedded product with Microsoft on trackReaching 'private preview' status for the embedded Fusion product is a big operational achievement and suggests the product is on track for general availability in Q220. This launch would be a significant technical and strategic milestone, and is also likely to be very significant financially, in our view. While predicting the precise sales trajectory at this point is tough, we would expect it to make a large contribution to FY20 revenues. The addition of a more scalable, recurring revenue stream would dramatically improve WANdisco's financial profile, enhancing visibility and turning the business profitable and cash generative.Resetting FY20: Growth from a smaller baseHaving opted to leave our FY20 revenue estimate unchanged until we better understood the trajectory in H219, we now cut our forecast from $40.7m to $28m (see Exhibit 1), reflecting the FY19 performance and lower H2 run rate as well as limited visibility. Our top-line estimate is below consensus of $32m. We now expect gross cash to trough at $15m in H120 and profitability at the EBITDA level in H220.Valuation: Microsoft launch a key catalyst?WANdisco's 401p share price implies an 8.3x FY20e EV/Sales multiple on our updated forecasts. This valuation reflects the company's long-term growth potential and is underpinned by the strategic value of its unique data replication technology. Achieving general availability of the Microsoft product could see confidence in this strategic value and in long-term prospects rising substantially.

[tickboo] 15/2/2020 11:55

Ignore my statement as they expect to be cash flow break even this year although it doesn't specify when so they hope the $23m cash will be sufficient growth capital (heard that before!) to enable them to get to cash flow break even. Hopefully the Azure deal will enable that and some big H1 wins will ensure cash isn't depleted too quickly. The recent 5% stake taken gives me confidence although again I've said that before. I expect some positive contract RNSs and Azure update before the audited accounts are released mid-March. Hope so!

[tickboo] 15/2/2020 10:22

I haven't time to look through but I believe they're looking at $28m costs FY given they're looking at cash flow break even. Again I assume it'll be H2 weighted (even with the delayed deals) so decent cash buffer significant and needed. After a long, bumpy and costly road 2020 is set up to be the turning point after several false dawns.

[cerrito] 14/2/2020 23:26

Thanks tickboo for your understanding that WAND regard $28m as market expectations

[cerrito] 14/2/2020 23:24

Just focused on the very high cash burn in H2.
Cash went up by £5.6m but there was the November equity raise of $16.5m gross say $15.8 net which would suggest that the cash burn was $10m + higher than in the recent past. We will need to wait till we get the prelims to see how what has happened to the other moving parts(including the Silicon Valley Facility) before we can pass final judgement.