Wandisco Share Discussion Threads

[amaretto1] 28/7/2023 15:24

Nearly free !

[amaretto1] 28/7/2023 15:24

Yup I'm running nearer free on 30 k I'll give him a year !

[scrutable] 28/7/2023 15:03

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.

[firestorm911] 28/7/2023 14:33

The chasers jumping on F911's wagon have run. At least the leader of the rmc always tell when the party is over.

I can prove to the non-believers F911 will make things happen when he wants, we broke 100p for fun


None of the rats are posting. LMAO..

Regards
F911
RMC

[stockhunters] 28/7/2023 14:29

100% sellers clearing

100p goes at some point then boom time

[firestorm911] 28/7/2023 14:10

F911 delivered the gold again today.

See you all in our next adventures of the series get rich quick..

Regards,
F911
RMC

[billthebank] 28/7/2023 11:04

Sold some for a pound. Rude not to?

[sos100] 28/7/2023 10:48

just blasted through £1

£2 was crazy but £1- £1.20 maybe more realistic?

[daler1966] 28/7/2023 09:39

Off now up up away

[firestorm911] 28/7/2023 09:36

Good day to get rich together with the infamous RMC.

Regards
F911
RMC

[sos100] 28/7/2023 09:35

looks very strong for a move to £1

[firestorm911] 28/7/2023 09:35

Good morning all genuine gamblers

Let us march to 128.6p close.

Regards
F911
RMC

[dtf71] 28/7/2023 09:32

The things that are going to be driving the stock in the next few months:

1. Very credible CEO & CFO, which I think we will all agree is the positive.
2. The technology is always in development, but it works TODAY.
3. MM's are short of stock and there are LT institutions holding and wanting to build stakes than before.
4. News flow has not started yet. SK (CEO) is a top communicator, wired into the the tech community here and in the US.

This company does not need to be ramped, but instead run correctly by professional industry executives.

£2 by Christmas based not on fundamentals, but pure potential.

[cheets12] 28/7/2023 08:01

Nice one, what a clown you are

[genierub] 28/7/2023 07:56

Well well well - it finished 94p on OTC.

Big move ahead of the weekend today especially if it breaks 100p

[roberth176] 28/7/2023 07:54

Mms will slap you todayWnt get past 90p guaranteed

[cheets12] 27/7/2023 20:39

Proper bellend that john james- must lose a fortune trading

[mr motivator] 27/7/2023 20:38

That guy John/James has been shorting from 55p something. :(

[nicktrade81] 27/7/2023 19:57

Mine was a buy but showed as a sell

[mr motivator] 27/7/2023 19:55

Volume is increasing; tomorrow, 10m+, and daily VWAP is increasing too.

The perfect storm to smash 100p.