Share Name Share Symbol Market Type Share ISIN Share Description
Wandisco LSE:WAND London Ordinary Share JE00B6Y3DV84 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50p -0.40% 630.00p 620.00p 640.00p 632.50p 630.00p 632.50p 56,300 13:01:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 9.2 -8.1 22.7 30.0 237.51

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Date Time Title Posts
23/11/201717:12WANdisco - Will it be magic?2,151
12/8/201512:00WAND WANDisco Charts-
13/2/201514:27Start Of The Next Bounce3
23/12/201419:41Could this company become BIG in the world of BIG data? #WAND [PODCAST]-
23/10/201412:21$WAND.L – Wandisco overbought-

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Wandisco (WAND) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-24 17:28:07615.002,99518,419.25O
2017-11-24 17:15:00640.0025,000160,000.00O
2017-11-24 17:15:00653.0013,50088,155.00O
2017-11-24 17:04:21620.427124,417.36O
2017-11-24 17:03:51638.033162,016.17O
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Wandisco (WAND) Top Chat Posts

Wandisco Daily Update: Wandisco is listed in the Software & Computer Services sector of the London Stock Exchange with ticker WAND. The last closing price for Wandisco was 632.50p.
Wandisco has a 4 week average price of 630p and a 12 week average price of 630p.
The 1 year high share price is 895p while the 1 year low share price is currently 165p.
There are currently 37,699,495 shares in issue and the average daily traded volume is 147,627 shares. The market capitalisation of Wandisco is £237,506,818.50.
vanadiumx: I am still buying.... I have a very high level of confidence that the share price will be at least 50% above in 5he near term.
tickboo: Ah Melton, good to have you on board. Not saying I told you so as I didn't quite 'get it' but does this make sense now re Spanner and bandwidth - So Spanner is a distributed OLTP database built by Google as an alternative to existing OLTP databases such as postgres and mysql and relies on proprietary infrastructure. Its only unique capability is its ability to support database transactions, and thereby its market is extremely limited. Fusion, on the other hand, is a general purpose replication platform that can replicate data between Cloud and on-premise storage systems of any kind. With its plugin architecture, Fusion is applicable to almost all Cloud workloads. In answer to your second question Fusion does not rely on, or need local networks or fibre end-to-end in order to operate correctly. In fact, our architecture eschews the use of clocks and works without regard to latency between nodes. It has been deployed in all kinds of WAN links, including satellite based links with limited bandwidth and extremely high latencies. We guarantee consistency even over completely unreliable networks. Anyway, I think the drop in share price is to do with the lack of a trading update which was expected in Oct. I expect us to break even this year with the R&D rebate and next year should be a good one, profitable and big money come on board. Maybe a little rude but how many do you hold?
tickboo: I think the lack of a Q3 trading update and Edison retaining the $17m YE forecast ($10m HY) has taken the gloss off the good RNSs re partnerships. The share price has fallen some 12% since the capital markets day so the market wants to hear about more deals, EBITDA positive and not potential. Am holding firm as I think next year will be cracking. Bloody hope so!
tickboo: nimbo, I couldn't agree more but the share price has lost circa 50p since the capital markets day so definitely not had the desired affect. I think the guy from HP said he expected some big contracts to come in before year's end so I guess we'll wait and see if that's true. The summer is always slow and Q4 important so let's hope we have some chunky wins announced before the year end and beat the Edison $17m which given we were $10m at the interim it will be disappointing not to.
nimbo1: If you can find the time to watch the video i would, its 2 hours! The most important part is at the end when the IBM executive does his presentation. (c.1hr 52 mins onwards) there is a slide which talks about the sale technique - the whole point is IBM big replicate saves corporates money (there is a slide and explanation on why). Over 3 years in the example given the corporate could save $9.3 million. This saving is the driving force between signing $3-4 million transactions. IBM big replicate falls into the highest growing part of IMB and is one of its core 3 focus areas for this year. There is potential to expand sales from north america and europe into Asia, Latin America, Japan and Africa and 'potential to drive significant transactions' in those areas. One of the analysts quite rightly asked why there have been so few large deals announced to date - the IBM chap answered he is seeing lots of interest from potential customers which in his experience will lead to sales and he is very optimistic on growth. David from Wandisco said you'll begin to see benefit (new deals with customers) from the new deals with Amazon and Microsoft etc towards the end of this year and early next as they are talks with their first customers and given their IBM experience there is always some sort of lead in time. All very positive IMO for the long term future of Wandsico. Plenty of hints they are also looking to china where big data growth is fastest and partnering with Alibaba. With regards to share price if I had to guess I'd say I think you'll see further consolidation rather than fireworks until all the above actually happens and is reported but who knows. Someone will want to acquire wandisco at some point imo.
tickboo: Wh Ireland's note is some 32 pages so a little below. WANdisco divides opinion: to its fans, it is a unique business addressing the problem of real-time data replication at a global/petabyte scale that only it can solve and as such is almost priceless; to its detractors, it's the classic Emperor's New Clothes, a business built on hype that is destined to disappoint. A string of material contract wins in the US this year has, in our view, tipped the balance firmly in favour of the former and, as a result, the shares have been one of the best performers in the sector (+244% YTD). Difficult to value by conventional techniques, WAND is a true momentum stock. Key to continued share price appreciation is further contract wins and forecast upgrades through, what is proving to be, a highly effective and established channel strategy. Our blended DCF-based valuation model suggests fair value for the stock of 950p hence we initiate with a BUY recommendation.In a nutshell WANdisco has developed IP that enables data to be simultaneously replicated and changed in real time, and at scale (peta/ exabytes) across a wide area network. In this regard, we believe it to be unique. The solution lends itself to global enterprise, where large scale data migration or continuous data replication across storage platforms/ infrastructures is required, with cloud storage (moving data in and out) a key underlying driver – think Amazon Web Services (AWS) which has witnessed a 58% CAGR in revenue over 3 years. Adoption of cloud or hybrid cloud storage by large-scale organisations is now mainstream, with data increasingly seen as mission critical, with respect to commerciality, and part of the fabric or DNA of an organisation.Where is the business at? WANdisco has built a highly impressive partner and client list; Cash burn has been substantially reduced (H1 2017 outflow of $0.6m versus $5.3m last year); the business is motoring ahead (H1 rev +71% y-o-y) and the contract pipeline is robust. In April, WANdisco signed a $4m contract with an un-named North American financial institution and this was followed up smartly in June by a further $2m contract with a US-based global retailer. In our view, there are many more contracts of this scale in the hopper. The contracts are beginning to evidence the effectiveness of the partner ecosystem which is key to building momentum beyond our conservatively set estimates. To aid understanding of what an upgrade cycle might look like, our note contains a modelled upside scenario on page 22.How should investors value WANdisco? We are naturally wary of using new paradigm terminology yet the business is difficult to value on any peer group derived valuation. These are still early days so any DCF valuation is highly sensitive to some very subjective assumptions with high error bars. Nonetheless, using a blended DCF (attempting to capture near-term upgrade potential and the anticipated long-term market opportunity), we arrive at a 12-month valuation of 950p, potentially much higher if WANdisco can continue the momentum of client wins into H2. A report produced by Cisco references a total addressable market for big data and cloud spend of $10bn by 2020, representing a CAGR of 35% (Fig 4). Although this rate of growth might, ordinarily, be treated with some scepticism, revenue, for example, at Amazon's Web Services division has grown at a compound rate of 58% (to $12bn in 2016) over the last three years (Fig 5). Coupled with industry reports from IDC and Gartner, multi-national companies have now begun to embrace the cloud, and as such, the patented real-time data replication tools offered with WANdisco Fusion find themselves in a unique market position as large enterprises struggle with a dual problem of a ballooning data storage and processing requirement and the now critical and central nature of data within an organisation.Routes to market – established, evidenced and critical to scalable successWANdisco has made substantial progress utilising a combination of direct, channel and OEM relationships (all non-exclusive and with tier 1 vendors) including no less than IBM. With key strategic names on the call sheet, but with some infilling and channel strengthening work to do, early indications are of a 'go to market' strategy that can deliver new customers in volume.Deals flow and customer base vindicates the core technologyIn a relatively short period, IBM has delivered two multi-million dollar contracts with Fortune 500 companies, and both are expected to grow further in size (initial contracts for a small subset of data). This follows similar deals announced with Oracle and through Amazon. It's also important to understand that Fusion's big data and cloud replication tools are not restricted to one vertical market, having been sold so far into global automotive, banking, retail and healthcare clients. Our research has also encapsulated other data replication infrastructure solution providers, and evidence suggests that all are benefiting from a structural shift that is taking place in how data is captured, stored and analysed. However, WANdisco believe that Fusion is the only product that will address the needs of global enterprise where large scale, high volume and simultaneous data replication across multiple data points (nodes) is demanded, and the global resilience of such an architecture is required.Valuation – 2018 is likely to see the commencement of a meaningful upgrade cycleWANdisco's shares, in our view, have already priced in at least one upgrade over and above the $1m or so signalled at September's interim results. For some, that might be a little premature, and set against our (prudently set) estimates, makes the shares look very expensive on traditional metrics (FY2017E: 24x EV/sales).Whilst it is appropriate to consider the status quo, we believe it is also informative to consider a valuation set against an upgrade scenario (Figs 44 and 49). In our view, given the increasing evidence of 'right product, right time, right channel', and set against the evidence of other specialist infrastructure and data integration providers serving the cloud market, WANdisco looks increasingly able to deliver enhanced growth, particularly by 2019/20, where traction with partners should truly manifest.We have run two DCF models, one off our published estimates (FV: 665p), and a second off WHI's upside scenario (FV: 1235p). Given our increasing confidence that risk is towards upside, the first evidence of which is likely to be 2018E, we place an equal weighting between the two outcomes and derive a (12 month) 950p target price. What does WANdisco do?WANdisco stands for Wide Area Network Distributed Computing.In 2005, WANdisco developed and launched a proprietary and patented technology that sits at the heart of its commercial product (now branded WANdisco Fusion) called the Distributed Coordinated Engine (DConE).DConE changes the way servers and local area networks (LANs) interact over a wide area network (WAN). Essentially, the engine enables geographically distributed servers and storage networks to stay in a continuously synchronised live state (aka active data replication), with LAN-speed performance over a WAN, while maintaining one-copy equivalence of the data across a distributed system (i.e. all locations hold identical data sets). The distributed nature ensures that there can be no single point of failure, and removes scalability bottlenecks. Further, DConE was designed to be independent of the underlying application thus can ultimately be used as the foundation for the distribution of any application or database.The technology therefore allows large or multinational entities to real time replicate continuously changing data, to multiple cloud and/or on-premises data centres, with guaranteed consistency, and without downtime and the resultant business disruption often associated with batch based replication technologies.WANdisco's Fusion was released in 2015. It represented the culmination of over a decade of software development (which continues with significant R&D commitment), following the launch of the DConE into the niche market of version control (for SCM vendors) in 2005, and subsequent expansion into the Hadoop market in 2012.Fusion, as illustrated in Figure 1, now serves the company's two markets of Source Code Management (direct sales) and the much bigger opportunity of Big Data and Cloud storage and replication (direct/ channel/ OEM). The Fusion product is also behind WANdisco's first non-exclusive OEM agreement with IBM, badged IBM Replicate.
mcfly79: The perpetual licences are on a volume limited basis and I think this was one of the most promising sentences in today's results: 'In addition, many of our existing Big Data customers have expressed their intent to significantly scale up their use of WANdisco solutions.' I owns shares in WAND and it's not the kind of company I usually hold shares in (I normally like current earnings to justify the share price). But I've taken a chance on WAND because it seems to be in a fairly unique position and has a great business model with margins and scalability. Now that we are covering costs on a cash basis additional increases in revenue should virtually all flow through to free cash flow. Bookings grew by $4.3m and revenue grew by $4.1m over the corresponding period last year and this virtually all fed down to free cash flow (helped a bit by reduced overheads), with cash burn reduced by $4.7m. If WAND can add $10m of additional annual bookings I see no reason why virtually all of it wouldn't flow through to free cash flow and at that point the valuation would start to look a lot more reasonable.
webbmark: Not sure why so much bullish opinions out there. WANDisco reported On 8 March 2017 - Adjusted EBITDA loss was more than halved to $7.5m On 25 July 2017 Cash on balance sheet of $9.9 million, inclusive of $3.0 million from new growth capital facility Current Share Price of 800.00p Earnings per Share - Adjusted from last year: 47.00 cents Giving EPS of approximately: 22 this is a reach valuation for a company which still is making loss on reported bases. Are all positive news reflected on the price? Or is it a time to short the share?
grabster: That's forecasting traffic 57% from 2016-2017 54.5% from 2017-2018 41% from 2018-2019 45.8% from 2019-2020 40% from 2020-2021 = sevenfold in 5 years. A worthwhile surge to be grabbing part of. Since emerging from its dive, Wandisco share price has more than doubled in 2016, and has already more than trebled in 2017. (EDIT 1pm - quadrupled this year so far)
scrutable: Good post tickboo. The rapid increase in strength of the shares since early June, I suggest, comes from belated realisation of the changes, which have come this year from attracting channel partners of the caliber of IBM, Oracle, Amazon, Google, Microsoft etc . IBM alone is fielding 5000 reps to the task. The year 2016 showed hardly any increase in Revenue but the orders booked for the newly launched Big Data product - an updated Fusion (?), showed an increase of 184% - a completely astonishing statistic for the world of marketing, most of these contracts coming in to the later part of the year as the product was unrolled. This is $5m of extra revenue over future years, at the same time as WAND's own sales overheads were sharply reduced by the channel partner program. The improved marketing during H1 is reflected in a new rate of growth in the share price of around 100%/pa for two months until June 8 and then a substantial acceleration to a rate of 160+%/pa by the end of last week.This is just the beginning. I expect the trend to hold until the interims on September 6, by when the share price could reach £8.00 before, probably, the usual short term Fibonacci retracement ie sell-off, immediately afterwards. Barring micro caps and pre-commercial resource shares, the share price of WAND is already the second best performer of the last two months on the LSE, (after IQE) , and top of the list for the 7 months since Jan 2017. The unique proposition, patent protection, strength of Channel partners and size of the typical client, suggest that WAND will be back as the best performer of 2017 very shortly.
Wandisco share price data is direct from the London Stock Exchange
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