WAND

Wandisco Plc

1,310.00
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Wandisco Plc LSE:WAND London Ordinary Share JE00B6Y3DV84 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1,310.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Prepackaged Software 7.31 -37.60 -63.10 - 779.76
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,310.00 GBX

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Date Time Title Posts
06/6/202318:11WANdisco - Will it be magic?6,037
03/5/201911:12WANdisco at the UK Investor Show 2
25/7/201812:16WANdisco (WAND) One to Watch -
12/8/201513:00WAND WANDisco Charts-
13/2/201514:27Start Of The Next Bounce3

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Posted at 16/5/2023 11:28 by cc2014
Year Revenue/$m Profit/m
2017 20 (14)
2018 17 (20)
2019 16 (28)
2020 11 (34)
2021 7 (37)
2022 9 ???


Does this look like a business? Turnover falling, losses rising.

$30m is enough to keep them going for one year. Yeah I know they've cut costs etc. so one might argue ti could keep them going for 2 years but what's the point?

The idea is to invest in businesses that make money. Or perhaps not. I forget. The idea is to invest in businesses with no business but as long as the share price is going up and you can sell your shares to someone else at a higher price it doesn't matter that there's no working business model.

Until of course the share price gaps down 99% overnight. Strange that.

Posted at 20/4/2023 07:43 by albert zog
Pump and Dump ?

WAND price went up 4x over this period

This FCA investigation is surely the precursor to criminal proceedings, if pump and dump is verified

Unbelievable

Posted at 12/3/2023 15:00 by hedgehog 100
27/09/2012 06:02 UK Regulatory (RNS & others) WANdisco Plc Interim Results LSE:WAND Wandisco Plc
https://uk.advfn.com/stock-market/london/wandisco-WAND/share-news/WANdisco-Plc-Interim-Results/54317014
Revenue US$2.915M.

06/09/2022 06:00 UK Regulatory (RNS & others) WANdisco Plc Interim results LSE:WAND Wandisco Plc
https://uk.advfn.com/stock-market/london/wandisco-WAND/share-news/WANdisco-Plc-Interim-results/88989290
Revenue US$5.823M.

So in a decade on AIM, after apparently burning through about US$200M., WAND has managed to double its interim revenues: a compounded annual revenue growth rate of about 7%.

But it managed to persuade the market that its annual revenue was now apparently relatively quickly likely to rise by about a thousand per cent.

And some clever people seem to have been taken in: apparently multiple US billionaires on the share register (Davis, Dollens and Gruber), and the UK's Richard Griffiths and tech specialists Herald Investment Trust.

It's also interesting that the "irregularities" were uncovered immediately after the 'floating in America' and 'joint broker RNSes' (on 6th. & 7th. of March): suggesting that Americans engaged for the float and/or the new broker may almost immediately have uncovered what was going on.


But even if the numbers had been real, WAND's valuation was still astronomical, especially for the current tech stock bear market.

Preliminary unaudited revenues of at least $24M. for 2023, and a market cap. of £890M., is still a PSR (price-to-sales ratio) in the 40s, for a likely 2023 operating loss.

Compare that to a British tech stock that really IS doing well in America, and recently announced an interim pre-tax profit:-

From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:-
"Five years of consecutive revenue growth:
HCM in North America: £m"
2017: £0.9M.
2018: £1.2M.
2019: £4.0M.
2020: £5.9M.
2021: £6.5M.
2022: £8.7M.
HTTP://newmarksecurity.com/assets/Newmark-Annual-Report-30-April-2022.pdf
HTTP://newmarksecurity.com/investor-relations/reports-and-presentations/

NWT's current market cap. is £5.16M. (at 55p), on £19.145M. revenue for its year ended ended 30.4.22: a historic PSR of 0.27, i.e. under a hundredth of WAND's PSR even on its apparently fraudulently-inflated figures.

This is the sort of REAL tech success into America that should be celebrated, and awarded a higher rating.

Posted at 09/3/2023 22:35 by scrutable
Repeated with modifications to prompt some answers.

SCRUTABLE9 Mar '23 - 16:56 - 5750 of 5784

Possibly the greatest shock in 30 years of investment. I apologise to anyone inadvertently misled.
However the thundering herd of justified critics will almost certainly drive the share price down too far below the current value based on the technology and real level of business.

Instead of joining the chorus I would like to ask a few questions and get valid answers.

1) Isn't the technology unique? Recently WAND won the City A.M. Awards 2023 for Innovative Company of the Year unlikely to have been won just on fraudulent sales figures . I believe it probably is unique or the many big names in Silicon valley would not have embedded it in their own offers. There must be lot of good guys in the company who can continue to exploit it profitably on a different scale than that recently reported after the bad guys have been fingered.

2) Where are the many 50% deposits with orders RNSd? Did the announced deposits never reach the Bank? If not then the CEO should be arrested, the salesman involved too and his assets restrained until there is clarity.

3) What have the Nomads been doing authorising RNSs for their negligence

4) When can the auditors weed out the false clients from the real ones?

We need to know asap what the real picture is very quickly before the market overreacts and is likely to injure more bona fide investors than necessary..
A lot of the story is still good and true but obscured by the fraud. The IOT and AI are producing pentabytes of data best held and processed in the Cloud. WAND still seems to hold the global lead and at some much lower price can still be a good growth share. The stink must first evaporate and the audit published before a relisting.

Posted at 09/3/2023 17:43 by dr biotech
Bit in the FT listing all the deals that this lot have announced

https://www.ft.com/content/3f6aeb3d-f977-4236-afaa-e3127749fa00



September 29, 2016: Founder CEO David Richards is ejected.

October 6, 2016: Richards is reinstated and most of the board resigns.

September 25, 2018: Wandisco announces an “initial $200k contract win with a major automotive customer” it does not name.

November 5, 2018: Wandisco announces “a $1mn contract with the leading information and communications technology provider in China,” which it does not name.

December 27, 2018: Wandisco announces a $700k contract “with a major American managed healthcare company” it does not name.

February 14,2019: Wandisco raises $17.5mn with a share placing.

April 1, 2019: Wandisco announces a contract worth $2.15mn with “a leading global provider of ICT infrastructure and smart devices in China,” which it does not name.

November 1, 2020: Wandisco announces “an initial deal worth up to $1mn with a major British supermarket,” which it does not name.



And so on - about 35 lines of contracts won, but customer never named until todays announcement..




March 9, 2023: Wandisco announces it has suspended shares due to “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee” it does not name.



Very difficult to see this as being worth anything. Everything announced in the last 18 months is potentially fraudulent and possibly beforehand. Maybe that say the US arm has been showing fraudulent sales/invoicies/bank balances etc.

I feel for anyone left in here. I got stung by MJ Hudson recently. Said the were expecting "Adjusted ebitda of 8.3m" Turns out they had an excessive LTIP that would have paid a handful of execs £10m (about 30% of the market cap)based on achieving a certain level of adjusted earnings. The CFO appears to have fraudulently manipulated the figures with some help from a founder CEO who wasn't entirely honest either. Sound familiar?

Similar situation at Revolution beauty, sales faked to hit targets etc. Bet none of them even get a fine. Bioprogess, Valerie..list goes on

Posted at 09/3/2023 13:48 by simon gordon
Alphaville - 9/3/23:

Wandisco’s timeline of mystery, intrigue and non-disclosure

by Dataholics Anonymous

June 1, 2012: Wandisco, “a leading provider of global collaboration software to the software development industry,” floats on London’s junior market with a market capitalisation of £37mn. Panmure Gordon is appointed Nomad, having raised £15mn gross for the company.

November 19, 2012: Wandisco buys AltoStor, a California startup, for $1.5mn in cash and $3.6mn in equity. AltoStor is the developer of Haloop, an open-source tool for synchronising network data that will become the core of Wandisco’s product set.

November 26, 2024: Wandisco announces a contract with a “US-based credit card and financial services company” it does not name.

January 8, 2015: Wandisco announces a contract extension worth $750k with British Gas for smart meter analytics.

December 23, 2015: Wandisco announces a contract “with a new customer in financial services”, which it does not name, and “a scale-up deal with an existing customer in telecommunications”, which it does not name.

June 10, 2016: Wandisco raises $15mn with a share placing.

September 29, 2016: Founder CEO David Richards is ejected.

October 6, 2026: Richards is reinstated and most of the board resigns.

September 25, 2018: Wandisco announces an “initial $200k contract win with a major automotive customer” it does not name.

November 5, 2018: Wandisco announces “a $1mn contract with the leading information and communications technology provider in China,” which it does not name.

December 27, 2018: Wandisco announces a $700k contract “with a major American managed healthcare company” it does not name.

February 14,2019: Wandisco raises $17.5mn with a share placing.

April 1, 2019: Wandisco announces a contract worth $2.15mn with “a leading global provider of ICT infrastructure and smart devices in China,” which it does not name.

June 26, 2019: Wandisco announces a contract worth $750k with “one of the largest manufacturers of mobile handsets in the world, based in China,” which it does not name.

November 20, 2019: Wandisco announces a distribution contract of undefined value “with Micro-D, one of Africa’s most established IT companies.”

November 26, 2019: Wandisco announces “a contract valued at more than $500k with a Fortune 500 technology company” it does not name.

December 3, 2019: Wandisco announces “contracts valued at around $1mn” with “a large US financial institution” it does not name, and with “a global hi-tech company” it does not name.

December 12, 2019: Wandisco announces a “contract expansion” worth in the region of $1mn “with existing China based customer” it does not name.

November 1, 2020: Wandisco announces “an initial deal worth up to $1mn with a major British supermarket,” which it does not name,

November 30, 2020: Wandisco announces “a contract worth $3mn with one of the world’s largest telecommunications companies”, which it does not name.

September 30, 2021: Wandisco announces a contract “worth a minimum of $1mn over a maximum term of five years” with “the analytics division of one of the world’s largest telecommunications companies,” which it does not name.

March 10, 2021: Wandisco raises $30mn with a share placing.

December 9, 2021: Wandisco announces a contract “valued at a minimum of $6mn over five years” with “a large European automotive components supplier” it does not name.

December 13, 2021: Wandisco announces “a contract with a top five UK banking group” it does not name.

December 20, 2021: Wandisco announces “a $3.3mn three-year license contract with a large North American multinational investment bank” it does not name.

March 23, 2022: Wandisco announces “a deal worth $1.5mn with a top ten global telecommunications company” it does not name.

March 31, 2022: Wandisco announces “a follow-on agreement worth $1.2mn with the top ten global communications company” it does not name.

April 5, 2022: Wandisco announces “a contract worth $630k with one of the largest insurance groups in Europe,” which is does not name.

April 6, 2022: Wandisco announces a “contract worth $720k with a top 10 global retailer” it does not name.

April 7, 2022: Wandisco announces “a contract worth $213k with a world leading personal computer vendor” it does not name.

June 28, 2022: WANdisco announces “its largest ever contract with a value of $11.6mn with a top ten global communications company” it does not name.

June 30, 2022: Wandisco announces two contracts worth $2.5mn in aggregate “with leading information and communications technology providers” it does not name.

July 6, 2022: Wandisco announces a contract valued at $1.1mn “with a large financial services firm in Canada” it does not name.

September 21, 2022: Wandisco announces “its largest ever contract with a value of $25mn with a top ten global communications company” it does not name.

October 4, 2022: Wandisco announces a “follow-on agreement worth $7.1mn . ;. . with a large European automotive components supplier” it does not name.

December 13, 2022: Wandisco announces “a follow-on agreement worth a further $13.2mn .̴1;. . with a large European automotive components supplier” it does not name.

December 20, 2022: Wandisco announces “an agreement worth $31mn with a second tier 1 global telecommunications supplier” it does not name.

December 22, 2022: Wandisco announces a contract “worth $12.7mn with a global European based automotive manufacturer” it does not name.

January 10, 2023: Wandisco announces a contract “worth $6.6mn with a European-based global telecommunications service provider” it does not name.

March 7, 2023: Panmure Gordon, having been Wandisco’s joint Nomad on and off since flotation, is replaced with immediate effect by Liberum

March 9, 2023: Wandisco announces it has suspended shares due to “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee” it does not name.

Posted at 09/3/2023 12:05 by sikhthetech
The potential US IPO game changer.. where have I heard that before..

Anyway Owenski.. your original posts ramping these..stop trying to pretend you got these right..
;-)

owenski - 03 Jan 2018 - 07:12:15 - 2377 of 5713
Great start to the year

owenski - 04 Dec 2017 - 07:32:06 - 2265 of 5713
Post 2252, superb interview, almost acts as a trading update, shows where WAND is heading, no problem with todays fund raise, gets it out of the way and was kinda expected at some point. IMO

owenski - 17 Nov 2017 - 18:50:10 - 2103 of 5713
I think the next driver is likely to be some numbers in Jans. update.

owenski - 07 Nov 2017 - 07:19:31 - 2064 of 5713
Another partnership deal via Dell, with global market reach. WAND's routes to market are certainly impressive.

owenski - 18 Oct 2017 - 14:41:57 - 2046 of 5713
Interesting to hear the CEO comment on IBM's Nick Dimtchev, in that his team were turning 20 - 30m USD deals into 200m USD deals in a short space of time. The IBM team is a highly focused bunch of pro's with clear strategies and goals. (Approx 1Hr 58Mins in)

Agreed, the IBM presentation is well worth a listen to give credence to how they are leveraging Wand.Fushion and the rationale behind the partnership. Indeed one can see why this partnership is transformational to Wand.

owenski - 17 Oct 2017 - 20:02:59 - 2043 of 5713
Peter Burris really explains the business drivers and concepts behind the need for Wandisco's solutions, superb clear presentation.

owenski - 17 Oct 2017 - 19:26:19 - 2042 of 5713
Today's Cap. Market Presentation:-

Http://webcasting.brrmedia.co.uk/broadcast/59d65608d349960788385d17/59e658323234219453000091

owenski - 06 Oct 2017 - 19:28:59 - 2012 of 5713
Http://www.bbc.co.uk/news/business-41367214

Talking primarily about hacking issues, but does give an insight into the ballooning amount of data being generated and that's just for autos, most of this is cloud based and where the fusion product is aimed at.

I do think WAND is still in the foothills of this potential market. IMO

Posted at 02/2/2023 13:17 by andrbea
IoT/AI/Big data stock wandisco up 6% today
Wand

Https://www.datanami.com/2023/01/19/big-data-boom-from-5g-iot-has-wandisco-dancing/

You don’t have to take Richards word for it, as WANdisco is now a public company, traded in UK. In 2022, bookings skyrocketed 967%, from about $12 million to $127 million. The company reports remaining performance obligations (RPO), which is similar to deferred revenue, of about $110 million, up from less than $10 million last year.


David Richards, CEO and co-founder of WANDisco

Richards, who calls the numbers “ridiculous,” is flabbergasted at the amount of business WANDisco is suddenly generating.

“It is bonkers what is going on right now with our company. I’ve never seen anything like it,” he says. “It was always sort of, this was what we said was going to happen. When it actually happens, you have to have the numbers to back it up.”

Posted at 10/1/2023 12:07 by scrutable
The change in payment model has completely transformed the prospects for this share.
Profits are hiding in plain sight.

What more could anyone dream of? Three now of the top Global Telecoms groups and one of the German Auto behemoths plus a string of large national financial services groups incl banks make it as certain as is possible on the stock markets that the WAND share price will grow and grow to reflect the £50+m/p.a.(?) cash cow it has become. Inevitably the share offers enormous value for money because so many shareholders have understandably become pathologically disgruntled over the years and are now relieved to have an easy exit.

Until October last, I had never seen such an outrageously undervalued share in 30 years. Even now cash is flowing in up front at a rate of around 8% of cap value

There will inevitably be many more Very large groups signing up for the reasons evidenced by the first four. There will be Fibonacci share price retracements as different layers of holders take profits or cut losses. Each time there will be s further upward spike to come.

Posted at 22/12/2022 07:08 by bigbigdave
22 December 2022

WANdisco plc

("WANdisco" or the "Company")

$12.7m Contract and Trading Update

$12.7m data migration contract with global automotive manufacturer

FY22 revenues expected to be significantly ahead of market expectations

Record FY22 bookings of $116m

WANdisco (LSE: WAND), the data activation platform, is pleased to announce that it has signed an initial agreement (the "Agreement") worth $12.7m with a global European based automotive manufacturer (the "Client"). The Agreement is for Internet of Things ('IoT') data that resides in the Client's data centre to be migrated to the cloud. The Agreement is a one-off migration rather than a commit-to-consume contract, and as such, approximately 80% of the revenues from this agreement are expected to be recognised in FY22, with the balance falling into FY23.

WANdisco was chosen due to its proven ability to migrate petabyte scale data. Once the migration is complete, it is expected that the Client will launch a range of IoT-related services.

With the advent of electronic vehicles, automotive manufacturers are increasingly seeing data as an important revenue opportunity. WANdisco continues to see significant interest in the Company's solutions from automotive manufacturers globally and expects further progress in this industry vertical as a core and growing market for WANdisco.

Following this new Agreement, the Board expects that FY22 revenues will be significantly ahead of market expectations and no less than $19m. In addition, bookings for FY22 are expected to be in excess of $116m.

Wandisco share price data is direct from the London Stock Exchange
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