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WNWD Windward Ltd

100.50
0.50 (0.50%)
Last Updated: 08:00:19
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Windward Ltd LSE:WNWD London Ordinary Share IL0011809428 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.50% 100.50 88,379 08:00:19
Bid Price Offer Price High Price Low Price Open Price
99.00 102.00 100.50 99.00 100.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services USD 21.64M USD -19.2M USD -0.2165 -4.64 89.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:53:11 O 99 100.79 GBX

Windward (WNWD) Latest News

Windward (WNWD) Discussions and Chat

Windward Forums and Chat

Date Time Title Posts
27/3/202407:29Windward: Maritime AI59

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Windward (WNWD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:53:12100.799999.78O
08:29:12100.796565.51O
08:00:03100.002626.00UT
07:29:40100.0044,00044,000.00O
07:29:38100.0044,00044,000.00O

Windward (WNWD) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Windward Daily Update
Windward Ltd is listed in the Business Services sector of the London Stock Exchange with ticker WNWD. The last closing price for Windward was 100p.
Windward currently has 88,681,820 shares in issue. The market capitalisation of Windward is £89,125,229.
Windward has a price to earnings ratio (PE ratio) of -4.64.
This morning WNWD shares opened at 100.50p
Posted at 27/3/2024 07:16 by maccamcd
From Panmure.. Today's full year results demonstrate the strength of momentum. A mix of credibility from supplying to multiple US government departments and other government organisations, growing maritime regulation, geo-political factors and attractive AI-based actionable intelligence products are propelling strong growth in both government and commercial markets. The loss narrowed to just $1.2m in H2 meaning that Windward is on the cusp of breakeven and a move into profit as the high operational leverage (gross margins c80%) feeds through. We are bullish on the data subscription market and Windward also represents a way to play the fast modernising maritime market. We lift our Target Price to 147p and reiterate our Buy rating.?Key results: Revenue rose 30.9% to $28.3m. The EBITDA loss reduced from $12.1m in 2022 to just $5.0m in 2023 with the H2 loss just $1.2m. The gross margin rose from 72% to 79% providing comfort for our 80-82% forecast 2024-206 assumptions. Cash burn was $4.8m leaving the net cash balance at a very comfortable $17.3m. Churn was just 7.5% in 2023 vs 19.5% in 2022 and comfortably within the target of below 10%. Given the substantial diversification achieved we do not expect churn to spike up again (see our initiation note) for a detailed discussion of churn). The rebalancing between Commercial and Government continued with Commercial rising from 24.9% of revenue to 30%.?Segment performance: Total client count grew from 132 to 201 with the leap in Commercial from 97 to 156 providing evidence that Windward solutions are being recognised and more widely adopted outside of the Government market. Commercial revenues leapt by 51% and ACV grew by 58%. ROW Government client count also jumped sharply from 20 to 29 lifting revenues 25% and ACV 38%. The US Government segment was restrained by federal budget issues (client count advanced by 1 to 16 with revenue +22% and ACV up just 10%. The budget issue was resolved last week so we would not be surprised to see a significant pick-up in growth in 2024 from the relatively modest 10% growth in 2023 ACV. We previously estimated a 5% ACV drag from this factor for 2023. All three segments growth trends/outlook are in good health and being supported by product innovation.?Outlook: With the Annual Contracted Value (ACV) growing by 35% to $34.5m as at year end we remain confident of our 2024e revenues (just $35.1m) and we see upside potential. The Company has confirmed strong trading momentum has continued in the new year and is confident of achieving market expectations. This implies ACV has grown but the Company doesn't normally formally update until the summer when it provides a H1 update. Sales headcount has been increased from 10 to 13 and supports further growth in the Commercial segment where both Compliance and Supply Chain products are selling well. Windward continues to launch new products and its new "Sequence Search" offering is the only one of its kind. The product allows users to conduct advanced analysis of vessels behavioral typologies and trade movements. A Generative AI product is also under development that will allow clients to analyse their own data.?Forecasts: We only recently upgraded our estimates and see todays update as supportive of these, hence no material changes. We continue to expect the Company to achieve breakeven during the year. The only question appears to be whether it will be sooner (during H1) or as expected (during H2). We do extend our explicit forecasts out to 2026 where we forecast the EBITDA margin reaching 18%. See the section below for more detail.?Valuation: The recent transaction in the UK data market involving GlobalData selling a minority stake in a subsidiary for 11.1x sales underlines the value of quality data assets. We maintain our existing valuation methodology based on a cautious 30% discount to our peer group (RELX, YouGov and GlobalData) EV/revenue multiple of 5.6x for 2024. Based on this our TP rises to 147p (from 129p). Rolling forward to 2025 suggests a valuation of 156p (214p with no discount). As per our previous view we expect the discount to peers to narrow as Windward executes. We see achievement of breakeven as the next valuation multiple milestone.
Posted at 07/12/2023 11:45 by melloteam
Just to let shareholders and prospective investors know that Windward will be presenting on the MelloMonday webinar on Monday 11th December 2023, starting at 5pm.

Programme:
5.00 pm Stephen English presents ‘Turnarounds – when and how to play’
5.30 pm Company presentation by SigmaRoc PLC
6.10 pm Company presentation by Loungers plc
6.50 pm Educational session
7.10 pm Company presentation by Eagle Eye
7.50 pm Company presentation by Windward
8.20 pm BASH panel with Damian Cannon and Mark Simpson

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 17/8/2023 07:48 by hastings
Interims show very good organic growth and a positive outlook for continued momentum in a massive market.Looks like plenty of cash to see them through to break even in 2025, with Broker seeing it sitting on circa $10m at that point.Looking at the valuation WNWD compares very favourably with peers including GETB which I hold. Speaking with management this morning, so I'll add a write up in due course.
Posted at 12/7/2023 12:52 by melloteam
Just to let shareholders and prospective investors know that Windward, FADEL, React plc and NASCIT will be presenting on the MelloMonday webinar at 5pm on Monday 17th July 2023.

5:00pm Mello welcome and keynote presentation by Fatima Iu of Polar Capital
5:30pm Company presentation by Windward
6:00pm Company presentation by FADEL
6:40pm Stephen Clapham presents Behind The Balance Sheet
7:00pm Company presentation by React plc
7:30pm Company presentation by NASCIT
8:10pm Research and Regulatory changes, Gareth Evans of Progressive
8:15pm Mello BASH

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.


Register for FREE for our Trusts and Funds event the following day, Tuesday 18th July 2023 at 2pm.

The programme is as follows:

2.00 pm Keynote presentation from Edmund Shing
2.30 pm Company presentation from Ocean Dial
3.00 pm Andrew Latto presentation on the latest trends in IT&Fs
3.30 pm Company presentation from International Biotechnology Trust
4.00 pm Investment Trusts & Funds specialist panel session with Reg Hoare, Mark Bentley, Edmund Shing and Andrew Latto, hosted by Karin Schulte

For more information, click here:

To join for free, register for the webinar here:
Posted at 17/4/2023 14:13 by tomps2
Windward (WNWD) Full Year 2022 results presentation - March 2023

Ami Daniel, CEO, Ofer Segev, CFO & Irit Singer, Chief Marketing Officer present full year results for the year ended 31 December 2022, delivering on growth strategy with a growing base of high-margin, recurring revenues.

Watch the video here:

or listen to the podcast here:
Posted at 11/4/2023 17:04 by darrin1471
Gresham House according to the WNWD admission document held 5,806,452 (7.11%) shares on admission
(page 129)

Sitting on a nasty loss

Gresham House are shown on the WNWD website as having 7,806,452 (9.11%) as at 31/12/2022


2m extra shares but no holdings RNS?
Posted at 27/3/2023 16:02 by simon gordon
I watched a Vox Markets discussion with a Gresham House investment manager and he flagged WNWD. What he didn't mention is that forecasts have been scaled back and that is the reason why the share is in the toilet.

Turnover
-2023: 25.6m from 29.3m
-2024: 30.7m from 38.1m

"The elevated churn and contract deferrals among emerging market government customers have led to a reset in forecasts."

-From the house broker March 2023.

They hope to be break even in 2024 with $10m left in the bank down from $22m.
Posted at 24/1/2023 15:44 by darrin1471
It was announced 12 days ago in the TU and nobody thought it worth commenting on then.
Not financially significant?
Price continues to drift downwards.

"seeking to become cashflow positive and reach EBITDA breakeven earlier than as previously stated in 2024"
Would be a significant milestone.
Posted at 08/9/2022 13:17 by tomps2
Windward Ltd (WNWD) interim results August 2022

CEO and Co-Founder, Ami Daniel, CFO, Ofer Segev and Irit Singer, CMO present financial results for the six months ended 30 June 2022.

Watch the video here:

Or listen to the podcast here:
Posted at 06/12/2021 08:24 by hedgehog 100
Current share price 6th. December 2021: 162.5p
Market capitalisation: £132.66M.


"Power your organization with maritime AI

One platform delivering actionable predictive intelligence for your risk management and maritime domain awareness needs"




06/12/2021 07:59 UK Regulatory (RNS & others) Windward Ltd. Admission to AIM and First Day of Dealings LSE:WNWD Windward Ltd

"Windward, a leader in maritime predictive intelligence, is pleased to announce that admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange will become effective and dealings will commence at 8.00 a.m. today under the ticker "WNWD". The ISIN is IL0011809428 and the SEDOL is BNTVZP4.

Windward is a leading predictive intelligence company, fusing artificial intelligence ("AI") and maritime expertise seeking to digitalize the global maritime industry. Windward's AI-powered software solution aims to provides real time information and insights on major seafaring vessels at sea, enabling stakeholders within the maritime ecosystem to make intelligence-driven decisions to manage risk and achieve business and operational insights.

Windward has over 70 globally spread customers, including a number of leading participants across the maritime industry, including BP, Shell, HSBC, Gard and Danske Bank and leading government agencies including agencies from the US department of Defence and Homeland Security, Frontex (the pan-European border and coast guard agency) and the United Nations.

On 1 December 2021, Windward announced a placing of new and existing ordinary shares which has today completed. The Placing raised gross proceeds of GBP26.3 million (US$35 million) of new capital for the Company and GBP8.2 million (US$10.9 million) for certain existing shareholders and option holders at a placing price of 155 pence per share (the "Placing Price").

On Admission, the Company will have 81,637,638 Ordinary Shares in issue. The market capitalisation of the Company at the Placing Price will be approximately GBP126.5 million immediately following Admission.

Canaccord Genuity is acting as Nominated Adviser, Sole Broker and Sole Bookrunner to the Company.

The Company's admission document is available to view on the Company's website: hxxps://investors.windward.ai/

Ami Daniel, CEO and co-founder of Windward, commented: "today marks the next step in the growth of Windward and I am grateful for all the hard work of our team and support of our investors that have helped bring us to this point. The global maritime industry is facing pressure from multiple directions - increasing compliance requirements, increasing freight shipping costs, lack of data visibility and all against a pressing need to steer towards a carbon neutral future. We are committed to providing the solution to our customers to plot a course through these issues and are excited by the opportunity we see ahead." ..."
Windward share price data is direct from the London Stock Exchange

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