Wandisco Share Discussion Threads

[owenski] 26/5/2017 18:19

Thanks for the feedback thorne3, some excellent points covered.

[tickboo] 26/5/2017 17:49

That's the one, no dilution and they shouldn't with limited cash burn, cash in the bank and HSBC facility. Who's taking all those shares?

[mcfly79] 26/5/2017 17:07

Thanks thorne, really appreciated.'We discussed cash flow/funding and DR confirmed that there was absolutely no need or intention to raise further equity monies in the foreseeable future'Music to my ears.

[djbilywiz] 26/5/2017 17:04

Thanks for sharing your comments on the AGM thorne3.

[tickboo] 26/5/2017 16:21

Thanks thorme, sounds really positive and wow, if that project goes well one would think they'll be moving more of their data. Sounds promising. In execution do they mean implementing the move of data? Sounds open and honest which is always good. Potential is massive. Some big trades today, totally over 5% but in 5 trades and the share price moves higher when they looked like sells.

[thorne3] 26/5/2017 15:50

tickboo_Yes I attended the AGM and was indeed the only non Board Member shareholder there.All the Board ,including Dr Aahlad,together with their professional advisors were present.I was made very welcome and invited to ask any questions I considered appropriate.
I spoke first of all with Dr A. who in answer to my question about certain "business" issues stated that he had no involvement whatsoever with such matters these being the responsibility of David Richards the CEO.Dr A.confirmed that his sole responsibility was the "science" of the operation in respect of which he stated that there was no product in the market place with the same capability as the fully patented Fusion 2.The deal with IBM as OEM was total confirmation of the quality of the Fusion2 product.Dr A.is a charming character with a captivating smile who with his shock of tousled grey hair looks just like Einstein apart from the fact that he is of Asian origin and stands at 6 ft 4 ins.I am advised that his intellect certainly matches that of E.
I then spoke to Dave Richards who confirmed that Wandisco was operating in a rapidly expanding market place with no real competition.The IBM deal was absolutely transformational and the $4m. deal with RBS was the first of many Indeed the RBS deal was for 5% only of that company's cloud replication requirement.DR felt that the scaleability of the business was truly enormous something that the stockmarket had in his view not begun to appreciate.We discussed cash flow/funding and DR confirmed that there was absolutely no need or intention to raise further equity monies in the foreseeable future.I was advised that staffing was not a major problem and that there were in this respect significant advantages in terms of availability/price in having offices in Belfast and Sheffield.I questioned Dr on possible "downsides" and he mentioned"execution" by which I understood he meant delivery of the product.I suppose this applies to any business and don't think he meant anything sinister otherwise he probably would not have mentioned it.
In summary I was very impressed with the Wandisco team,its product as attested by the IBM deal and moreover by the potential for truly massive scaleability in the worldwide big data market place.This journey is only just beginning.

[tickboo] 26/5/2017 14:48

Apologies for dominating this board -

Perhaps some have been disguised as busy as the ask has gone up.Odd. An RNS to follow surely, 5.3% traded although in 5 trades so not one crosses 3% threshold. Good to see and guess with a little more buying it will go higher still.

[tickboo] 26/5/2017 12:08

Wow £9m but an II, the share price hasn't tanked. Might do yet but they've gone somewhere!

[tickboo] 26/5/2017 10:55

Thorne3, any other news on the AGM except for we're looking at no cash burn FY17 which if achieved will be exceeding expectations. With a good start to H17 we should have a decent interim report. The chart is looking tasty too.

[tickboo] 26/5/2017 08:56

The 35,000 is showing as a sell is a cancelled buy from yesterday. One went through and one was cancelled. Hence the decent rise. Looking good to go above 12 month high I reckon.

[tickboo] 24/5/2017 18:52

Thorne3, of you attended some feedback would be great. Bought another 1,100 today.

[mcfly79] 24/5/2017 18:29

Whilst it's not explicit I would also read the statement as saying that they are now EBITDA positive, or at least will be for 2017 as a whole. Any feedback on this point from the AGM would be appreciated.

If this is true then it is big news for the company. EBITDA was a loss of $16m in 2015 and a loss of $7.5m in 2016. The Edison note following the Q1 trading update was forecasting an EBITDA loss of $4.2m for 2017, therefore being EBITDA positive for the year would be strongly ahead of expectations.

What I'm really interested in is the cash flow. Based on an EBITDA loss of $4.2m for 2017 Edison were forecasting net cash outflow of $3.4m for 2017 (after $6.8m of R&D spend) which took year closing cash from $7.6m to $4.2m. Based on being EBITDA positive the cash position could be much better than this.

[tickboo] 24/5/2017 09:24

EBITDA positive, am surprised people aren't buying. Guess he needs to show it in the interim report, but things are looking good.

AGM Statement

WANdisco (LSE: WAND), the world leader in Active Data Replication(TM), will be holding its AGM at 10:00am today.

At the meeting, David Richards, Chief Executive Officer and Interim Chairman of WANdisco, will make the following statement:

"2016 was a year of substantial progress for the Company with our WANdisco Fusion product now generating significant sales momentum. WANdisco Fusion is the only solution available in the world that enables the replication of continuously changing data with guaranteed data consistency and no down-time, making us uniquely placed to capitalise on the increasing demand from enterprises to transfer data to the cloud with no business disruption.

"Alongside our strong sales traction, we have realigned our cost base, which we now believe is at an appropriate level to deliver a positive EBITDA. In April of this year we reported that WANdisco delivered a cashflow neutral performance in Q1 2017, ending the quarter with $7.6 million of cash. This is a momentous achievement for our business and is a clear indication of the tremendous progress our team has made over the last 12 months.

"I am also pleased to report WANdisco has made a strong start to 2017. We continue to develop a growing new business pipeline, which was highlighted by our sales team securing the Company's largest contract to date in Q1, a $4.1 million contract win with a major financial services multinational. Our key strategic partnerships, in particular our OEM with IBM, continue to remain central to our progress and we look forward to further developing our channel partnerships to accelerate the deployment of WANdisco globally."

[tickboo] 22/5/2017 14:00

The MMs seem keen to take this higher today and little volume. Good to see. It'd be nice to stay here until I get some more cash probably in a month or so. All good either way.

[tickboo] 20/5/2017 14:56

Mcfly79, my sentiments exactly. I'll have some more cash to invest in the next month or so, perhaps £15,000 so if it does fall further it's not a bad thing in the short term. If wand can make it through H1 with no cash burn I'm sure the market will like it and react accordingly. Here's hoping.

[mcfly79] 18/5/2017 19:45

The key for me is that the company does not come back to the market for cash. The Q1 update removed some fear in this regard and I have bought in.The Edison note published after the Q1 update forecasts positive operating cash flow of £3m for 2017 and £11m for 2018. After taking into account R&D spend the company still has cash of £4m at the end of 2017 rising to £8m at the end of 2018. On this basis the company appears well funded.The addressable market is huge and the indirect sales model through IBM should allow the company to scale quickly with lower working capital requirements.Still risks involved but I'm prepared to live with them for the potential upside.

[tickboo] 18/5/2017 18:52

Yep it's looking bleak at the mo. It's still a company with a unique product in a massive market. It looks like they'll break even H1 and if that's the case onwards and upwards. I wish I'd waited before buying but average is 4.30 so will hold and add of goes much lower. Hopefully they announce another chunky contract. I assume they'd do so before interim's if one dropped as price sensitive. Here's hoping.

[runthejoules] 15/5/2017 13:23

Probably selling to buy into Sophos like we shouldhave done!

[tickboo] 15/5/2017 13:16

It's down as people are selling. Am surprised so many are selling. Surely the only way is up given the big data market growth forecast and Wandisco's unique products. A short term blip I'm sure.

[qackers] 15/5/2017 11:40

Surprised this is down today. I would have thought that the companies products would be in demand due to the recent computer attacks?

[tickboo] 10/5/2017 15:55

Ah, so Schroders sold a chunk. Fair enough taking some profit but still holding 3,560,356 or 9.4%.

I shouldn't look at the share price daily but it's habitual! Anyway, come on WAND let's get some more of those chunky big data contracts, another big one before June 30 would be great.

[tickboo] 08/5/2017 18:34

Maybe something is afoot.

[tickboo] 08/5/2017 18:33

Wow, Any ideas on those massive trades, some kinda transfer given the execution times?