Wandisco Share Discussion Threads

[purchaseatthetop] 05/4/2023 13:30

Peter Murrell as the new CFO?

[strange1] 05/4/2023 13:24

Why have an independent Chairman, when you can have an exec one.........not the best start to Operation Salvage Some Credibility....

[edmondj] 05/4/2023 07:45

So the old Corton Beach boss is now confirmed in charge.

You really couldn't make it up.



Current Directorships

Vertu Motors plc

Rockwood Strategic plc

Rainier Developments Limited


Previous Directorships

Biffa plc

RPS Group plc

Blue Prism plc

FM Insurance Limited

DACBeachcroft LLP



Ken was the Group Managing Director of Corton Beach plc at the time it went into administration in October 1990.


Regular guys would have been shown the door, barred from, a commercial career for far less - but not in the whacky wonderful world of small cap listed London stocks.

[bones698] 05/4/2023 02:28

Don't think they would be signing contracts if they weren't planning on coming back ..question is just how bad will it be and can they keep going and raise money until the stink has worse off . If they wait after relisting that could mean big dillution as the price continues to get hammered meaning they will have to wait until cash is almost gone to try and raise and then the city money men will demand a huge discount imo .
Whatever it's going to be down massively and see shareholders almost wiped out

[dr biotech] 04/4/2023 12:44

They had $19m cash at year end. Losing $1.5m a month, let’s say it relists in July that means cash will be $10m (I think it will relist later, if at all and cost more). So £8m divided by 65m shares. About 10p. Best case. Unfortunately I see 0p. I’ve been swindled by mj hudson so understand the pain, I’d like to see jail time for those in charge.

[bones698] 04/4/2023 09:53

Agree it's toxic now but if it can get past that in maybe 6 months people will move on and forget plus they know then this will be closely scrutinized after what's happened .
Hard part will be getting to that point but whatever happens shareholders will get screwed badly

[albert zog] 04/4/2023 08:57

The business and IP will be quietly shopped around for a sale. It’s surely too toxic to relist and go again

[spectoacc] 04/4/2023 08:39

If they weren't profitable on the fake deals, will they be on the ones that are eg $1.5m turnover over 5 years? That won't even cover one of the directors.

But agree they'll try to relist, raise money, and no doubt set directors share options at the same time.

[bones698] 04/4/2023 08:33

Today's news not very helpful when u look at the little revenue they provide ,I think it shows that the real deals are tiny compared to the false figures . Still it shows there is something maybe worth saving but it will come at a cost and get will need to riase money sooner or later . 50p on reinstatement looks like a decent guess but I would suggest they raise funds at the same time of it could get even worse with the stink around the company . Take the hit asap and raise money at a low price which might get even lower if they wait .
Shareholders will get shafted as usual but it looks like it will trade again just at a massively lower price

[purchaseatthetop] 04/4/2023 08:09

The interesting part is what bonuses and other payments received, or share sales, have been made by those who entered the false data. The commissions on these false deals for salesmen will be large.

[lingeringsmell] 04/4/2023 07:48

These are renewals for the original application lifecycle products. Not the new “big data platform” that was trumpeted for the last few years. Maybe they will focus on the products that they used to sell…

[spectoacc] 04/4/2023 07:36

I think there's more hope with the new directors, but it'll need more cash, & existing shareholders are going to have to stump up.

[scepticalinvestor] 04/4/2023 07:21

Stockpedia has book value at 59c US per share - looks like it will be a total shareholder wipeout. Doubt it will even be unsuspended.

[spectoacc] 04/4/2023 07:09

"Taken together, these two contract renewals are expected to deliver USD 1.5 million in revenue to WANdisco over the next five years"


RNS'ing contract renewals, and looking at the size of them (a total of $1.5m over 5 years), they're surely genuine ;)

[owenski] 03/4/2023 19:31

The business bigged up to be something it wasn't.

It was a glorified App on an AWS platform along with shed loads of other players on provider platforms, a business tool.

Richards conned everyone that this was world conquering and it never was.

[scabre] 03/4/2023 19:09

Even if this company does come back , it can't last long , not enough customers and there clearly isn't a big enough market for its software

[cerrito] 03/4/2023 17:41

I was reassured by the RNS this morning and having assumed zero value I went to 50p too but of course all very academic and speculative.
The next update will perhaps fill us in on SVB.

[cc2014] 03/4/2023 11:54

Another AIM mess. I read these threads only to remind me never to invest in AIM

[itscominghome] 03/4/2023 11:20

What price IF they come back ... i will start 50 to 55p

[simon gordon] 03/4/2023 09:36

Tech Market View - 3/4/23:

WANdisco: New hands on the levers (so to speak)

There should be no surprise about today’s announcement that David Richards and Erik Miller, Co-founder/CEO and CFO respectively of deeply troubled SaaS data management poster child WANdisco, have stepped down. Their positions became untenable when it was announced last month that there was an apparent gaping hole in WANdisco’s accounts (see WANdisco begins to unravel).

Ken Lever, who was appointed Interim Non-Executive Chair a couple of weeks ago, will ‘go Exec’ pending the results of a search for a likely suspect game enough to drink from a poisoned chalice.

Lever is well known in this parish, having stepped into the breach after David Andrews, founder and CEO of troubled insurance industry BPO poster child (yes, there is a theme going on here) Xchanging, stepped down (see here). Four years later, in 2015, Lever handed over the reins to former EDS/HP Enterprise Services/CSC exec and all-round good egg, Craig Wilson (see here), who promptly oversaw the pitched battle between Capita and CSC to acquire Xchanging. CSC won – for all the good it did them.

Lever also spent time as a NED at struggling UK RPA poster child (another one), Blue Prism, though oddly this nugget does not appear in his LinkedIn profile. Blue Prism was itself the target of a tug-of-war between Vista Equity Partners and hedge fund SS&C Technologies (see here). SS&C won. I have no idea how it all turned out, though they do have a ‘vision’ (see here).

Joining Lever at WANdisco’s as Interim CFO is Ijoma Maluza, who, coincidentally or otherwise, was a former CFO at Blue Prism and Director of Corporate Strategy & Corporate Development at Xchanging.

There are no prizes for predicting what might happen next.

[owenski] 03/4/2023 09:24

Good riddance to con man Richards and fatso Miller, they've gorged at the feeding trough for long enough.

[stallone10] 03/4/2023 08:15

This will not float again it’s best bet is to be sold off but I fear shareholders will come away with nothing