Wandisco Share Discussion Threads

[redrag1] 30/9/2021 08:55

The good news is - after what 4 years of watching this company - the results no longer a surprise! irritatingly, i found myself buying some at £2.45...probably should have been hitting the sell button! What a shockingly poorly run business in the sweetest of sweet spots in the whole Tech investing sphere.

[owenski] 30/9/2021 08:35

M.Cap 144m

Don't think it's worth 44m in my opinion

[tickboo] 30/9/2021 07:37

The CEO is a disgrace. Double H1 revenue and his package with was more last year. A charlatan.

[owenski] 30/9/2021 07:11

£700k over five years - massive LOL

[jackdaw4243] 27/9/2021 19:23

Walker did try and fire Richards some years ago.

[thetechboy] 24/9/2021 14:41

At the half year in 2020 they said that revenues in 2021 would be $35 miilion. Maybe they are tad short!! For the last five years its always been jam tomorrow.

[kendonagasaki] 24/9/2021 06:59

Late results are always indicative of unhealthy news flow.The CEO knew what was around the corner as he dumped a load at 8 quid!At least someone is getting wealthy here?

[blah blah] 20/9/2021 22:15

My guess is boring technical issues, there are some new accounting standards that have caused delays e.g. NCC Group. Don’t think it is good or bad.

[bamboo2] 20/9/2021 17:38

Maybe they're hoping for something to close in the next week, allowing them to paint some post period gloss.

[maxim1999] 20/9/2021 17:03

Can we read anything in to delayed results ? Good or bad ?

[bamboo2] 20/9/2021 16:32

David can't face it this week.

At least the rns implies that there actually are some results to report.

[p1nkfish] 16/9/2021 10:29

The 2 trends that might help are new devs in health & mass crypto, perhaps.
This is a very, very small dabble for me on the back of other interests.
D-Day coming where there will be no dodging showing growth.

Mass reconciliation in real-time and mass anonymized patient data trends.
Both will be big but will WAND be in there as a supplier of needed capability?

[p1nkfish] 16/9/2021 07:22

Have to wonder if ONT data migration to Oracle cloud will involve WAND? Some other areas too coming along in health. Answer is probably no but does look like a need.

[high park] 14/9/2021 11:59

After a rapid rise, I will still be in loss.
Today 100 bought, 5000 sold, and we're up.
Explain that to me.

[blah blah] 03/9/2021 18:48

Without fail I have found the holders here to be a decent bunch so in many ways I would like them to do well, but for the avoidance of doubt I think this company is a stinker. Hopefully it gets a bid or a rapid rise and you can all make some money and move on.

[bg23] 03/9/2021 15:34

Blah blah, I agree the balance of history is with you and I completely understand why anyone would be sceptical.

I've bought recently, adding to a small longer term long. if the results or the update aren't telling me what I want to hear, I will move on and hopefully it won't be too expensive.

That said, I hope for solid progress.

Regards

[blah blah] 03/9/2021 10:45

Not having a go at you, bg23, you are entitled to your opinion, it's your money.

But let's look at the history as a guide. This has been listed for somewhere around 9 years (!) and has always claimed to be a growth stock and last year it did $10m of revenue (!!) and made an EBITDA loss of more than $20m (!!!). I don't mind losses if it results in rapid revenue growth but it did $8m of revenue in 2012 (!!!!). So it has added $2m of revenue over an eight year period.

The thing it has done best over the years is raise money by peddling a story about how good its tech is and how important it is to the cloud. Well it seems to me the cloud has grown a bit faster than WANdisco has, so maybe it is not as important as it would have you believe.

[bg23] 03/9/2021 10:35

''Absolute guesswork re target price'' - agreed, its just my thoughts.

As to valuation, the company re-confirmed their turnover target at the last hearing, and whilst I agree, they have a history of missing their own targets, I feel that the full integration into MSFT/AWS will be the absolute kicker. It feels to me that rather than playing catchup they are now on the front foot.

Would 10 or 12 times t/o really be an outlandish valuation on a US listed tech stock? Not at all, and they love the space. I can imagine a $60m expectation for next year (edison) would gain significant credibility if this years reported is $35m or better and could see this trading closer to 20x t/o

my supposition only. not my industry - but my fingers firmly crossed that we see 'significant progress'

[tickboo] 03/9/2021 07:27

Could not agree more. The recent contract announced was not material so small-fry. The CEO's package last year was nearly 10% of total revenue. Still can't get my heard around falling revenues, larger losses, more massively missed targets yet more cash and shares for the CEO. Unless the business model is now generating impressive recurring revs given the lack of contract news I suspect another poor showing. Hopefully Richards' finally met expectations and the Azure deal in particular has generated decent revenues.

[blah blah] 02/9/2021 14:11

Absolute guesswork re target price. There is nothing here to justify the current price on multiples of revenue or whatever, never mind suggest a higher valuation. They have missed every target they have ever set.