Share Name Share Symbol Market Type Share ISIN Share Description
Wandisco LSE:WAND London Ordinary Share JE00B6Y3DV84 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00p -0.10% 985.00p 19,208 15:54:14
Bid Price Offer Price High Price Low Price Open Price
980.00p 990.00p 986.00p 985.00p 986.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 14.54 -10.37 26.65 35.6 411.8

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Date Time Title Posts
21/7/201803:09WANdisco - Will it be magic?3,120
12/8/201513:00WAND 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]-
23/10/201413:21$WAND.L – Wandisco overbought-

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DateSubject
22/7/2018
09:20
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 986p.
Wandisco has a 4 week average price of 985p and a 12 week average price of 915p.
The 1 year high share price is 1,255p while the 1 year low share price is currently 507.50p.
There are currently 41,802,923 shares in issue and the average daily traded volume is 13,998 shares. The market capitalisation of Wandisco is £411,758,791.55.
17/7/2018
10:53
tickboo: I saw that too. I believe they're looking at NPD re block chain but not sure what direction etc. The question is where will the share price be in a little over a week? I doubt the revenue figure will be too crazy but hopefully the bookings will impress the market along with the commentary. The market cap looks rather high but the potential here is massive which is clearly priced in.Last year H1 bookings of $10.2m up 73% with fusion up 173% to $7m from $2.6m.This year I guess we want H1 bookings of fusion to be double to $14m and maybe source code management stagnant at $3m or so so $17m which is a 70% or so increase. Perhaps we want fusion to be even higher. No idea what people's expectations are! Hopefully they're exceeded. I expect H2 to be better still given momentum and new partners bedding in.Good to see wand and Microsoft exhibiting together and Alibaba should be up and running soon too. Bodes well.
10/7/2018
17:19
tickboo: I agree that a larger number of smaller projects is better than fewer larger jobs but the CFO gets a monthly report from the partners so perhaps doesn't have the pipeline visibility so guidance each quarter maybe trickier. If the H1 figures disappoint I hope we get encouraging commentary to support the share price. I'd hope for double the H1 big data bookings against H1 17. No idea though!
02/7/2018
09:37
tickboo: We had a trading update on 25 July 2017 so we should get one in. Little over 3 weeks. Last year readBookings up 73% to $10.2m.-- Big Data bookings secured for WANdisco Fusion ("Fusion") up 173% to $7.0 million (H1 2016: $2.6 million)I expect H2 to be a lot more impressive with Microsoft and Alibaba generating bookings but H1 still needs to be impressive given the share price. That said this is a high growth stock so it'll be interesting to see how it reacts to this month's update. The silence on contract wins has been deafening, hopefully we'll be pleasantly surprised.
05/6/2018
18:03
tickboo: GitHub is certainly winning at the moment but that can change as aside from the people using/contributing to it they don't have a USP. Who's to say another provider might become in vogue, albeit it will take time for people to switch over. Point is they don't have a USP like wand have and one that seems very difficult to come near to. So 15x revenue seems a lot and tells me Wand should be valued at a higher multiple. A convoluted way to say that and being long I would wouldn't I?! My hope is that wand have a good H1 and a stonking H2 that more than doubles (preferably trebles) FY big days revenue and bookings even more so. The market wants to see the forward orders too and then Wand will continue to get higher and I don't see why they won't be even 750m market cap come YE. Sting that if H1 disappoints (this is clearly not priced in) the share price will fall a fair whack before I imagine recovering.
10/4/2018
10:48
tickboo: Whilst there are a fair sells going in I thought I'd report the Edison (paid for) report -The announcement of an OEM partnership with Chinese internet giant Alibaba adds a significant new channel for growth. Alibaba is the sixth largest cloud platform globally and revenues doubled in Q4 to $553m ($2.2bn annual run rate). WANdisco Fusion will be embedded as a standard component in selected Alibaba cloud solutions. The press comment from Alibaba cites the migration to cloud, disaster recovery and hybrid cloud enablement as the use cases underpinning the partnership, highlighting the broad applicability of Fusion. We understand that the technical integration is close to completion and we expect the companies to start building a commercial pipeline with immediate effect, with first deal flow likely in H2.WANdisco's EV/sales rating of 17.1x and 13.4x for FY18 and FY19 respectively remains a premium to peers, although upgrades have narrowed the premium substantially. WANdisco's investment case has always been predicated on the potential for it to scale into a significantly larger, highly profitable business.Our DCF suggests the current share price requires sustained bookings growth of c 35% (ie a touch higher than forecast for FY18 and FY19) through 2025 with EBITDAC margins growing to exceed 25%. In practice, we believe that if WANdisco continues to strengthen its platform of tier one channel partners, it should be well placed to grow faster than this. Most of the company's partners are growing their cloud revenues at a faster rate. With a broad addressable market, a strong IP position and an indirect sales model, healthy 25%+ margins should be readily achievable if execution remains good, although we expect the emphasis to remain on growth over margins in the near to medium term.The market opportunity in cloud is very significant. The migration of enterprise data to the cloud is the largest structural shift taking place in the enterprise technology market today. Q4 results from the major cloud service providers indicated that this trend is accelerating, with Synergy Research Group estimating that spend on cloud infrastructure services jumped 46% y-o-y, comfortably beating the growth rates achieved in the previous three quarters. Market leader Amazon AWS's revenues exceeded $5bn for the first time in Q4 with growth accelerating to $45% y-o-y; Microsoft grew Azure revenues by a staggering 98% y-o-y and Alibaba doubled cloud revenues in Q4 to $553m and has ambitious plans to move up the rankings and take market share.The company's potential strategic attractiveness should also not be ignored. We are seeing M&A from industry majors as they build out their cloud/hybrid strategies – most recently with Microsoft buying Avere Systems, a high-performance storage vendor for an undisclosed amount. We believe that WANdisco could potentially be a good fit for a number of cloud/enterprise software players.
08/3/2018
16:06
tickboo: From the Edison note -The announcement of an OEM partnership with Chinese internet giant Alibaba adds a significant new channel for growth. Alibaba is the sixth largest cloud platform globally and revenues doubled in Q4 to $553m ($2.2bn annual run rate). WANdisco Fusion will be embedded as a standard component in selected Alibaba cloud solutions. The press comment from Alibaba cites the migration to cloud, disaster recovery and hybrid cloud enablement as the use cases underpinning the partnership, highlighting the broad applicability of Fusion. We understand that the technical integration is close to completion and we expect the companies to start building a commercial pipeline with immediate effect, with first deal flow likely in H2.WANdisco's EV/sales rating of 17.1x and 13.4x for FY18 and FY19 respectively remains a premium to peers, although upgrades have narrowed the premium substantially. WANdisco's investment case has always been predicated on the potential for it to scale into a significantly larger, highly profitable business.Our DCF suggests the current share price requires sustained bookings growth of c 35% (ie a touch higher than forecast for FY18 and FY19) through 2025 with EBITDAC margins growing to exceed 25%. In practice, we believe that if WANdisco continues to strengthen its platform of tier one channel partners, it should be well placed to grow faster than this. Most of the company's partners are growing their cloud revenues at a faster rate. With a broad addressable market, a strong IP position and an indirect sales model, healthy 25%+ margins should be readily achievable if execution remains good, although we expect the emphasis to remain on growth over margins in the near to medium term.The company's potential strategic attractiveness should also not be ignored. We are seeing M&A from industry majors as they build out their cloud/hybrid strategies – most recently with Microsoft buying Avere Systems, a high-performance storage vendor for an undisclosed amount. We believe that WANdisco could potentially be a good fit for a number of cloud/enterprise software players.
15/12/2017
09:33
tickboo: Thanks Knighttokingprawn, I received the note this morning. Re the management sells and the drifting share price it said - For us, the share price fall was emblematic that WANdisco is caught in that ‘AIM illiquidity’ trap – by this, a small number of shares drift on to the market, in weak conditions they create downward price pressure as traders ‘find’ the buyer. This in turn, encourages other folks, maybe distressed, to sell and (hey presto) a self-fulfilling, self-created, downward price spiral occurs. At the same time, WANdisco faced an operational imperative to hire, given the opportunities pipeline. As we have seen, first hand, the new account onboarding team at WANdisco, we appreciate that the company has been stretched in its resources. While WANdisco was caught between the proverbial ‘rock and a hard place’, supporting investors got a very good deal. In addition, as management sold shares in order to ensure that this qualified as a UK deal, with less than 50% of shares held in the US, management had to sell down in order to expedite the deal – they ended as double losers.
29/11/2017
12:02
scrutable: Bamboo The trend lines in which you have confidence have truly bamboozled all of us. The falling knife has accelerated. Unless we get an RNS announcing a new contract, I fear that the share price could fall to the level of this year's low point at 423p, ie a 52% paper loss. I would never have believed it possible, in the absence of a wide market collapse with such a well placed company: with such a globally leading product and global leading channel partners, to see the random walk,walk the share price down so far.! At least in the absence of undisclosed bad news, I would expect the share price to double quickly by the New Year. There are good grounds now for an an RNS .."that this company has noted the sharp fall in the Shareprice and confirms that there are no known reasons for such a fall." Otherwise inexperienced investors could suffer a panic attack
02/10/2017
11:29
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.
06/8/2017
16:37
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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