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WLF Wolfson Mic

234.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wolfson Mic LSE:WLF London Ordinary Share GB0033563130 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 234.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wolfson Microelectronics Share Discussion Threads

Showing 13326 to 13346 of 13525 messages
Chat Pages: 541  540  539  538  537  536  535  534  533  532  531  530  Older
DateSubjectAuthorDiscuss
20/3/2013
22:05
or was the price dropped nicely for Henderson to pick a few on the cheap?
pjw956
18/3/2013
21:36
well the price drop would seem to indicate - not !
pjw956
18/3/2013
21:32
Speculation re continued use within galaxy s4
fabzzz
18/3/2013
19:54
so................. whats going on today ?
pjw956
22/2/2013
15:57
Glassdoor reviews are quite old
keybored
21/2/2013
19:06
Not sure there is any reason for the share price to shift anywhere at the moment. There was a time when WLF shifted inexplicably, and fast, but no longer. If anything, it will be hammered at the next misstep -

- yes they develop what are seen as "nice" products
- yes in 2012 they were designed into the frontline product line up of the current no 1 mobile device OEM

But did they turn a profit in 2012? Sadly not. Did they make more mistakes? Yes, by misjudging or not preparing for the Samsung demand - I believe they had to source additional manufacturing supply and this negatively impacted the margin. So is that bad management or the wrong business model? Whilst WLF has drifted, the ARMs and IMGs (and now also the CSRs) have roared on. ARM and IMG have a different business model, but it has to be said very different product offerings to audio.

We know they have had to re-focus their business entirely over the past 3 years or so, they were dying - just look at what has happened to their pre-smartphone markets - and spent a fair chunk of their $100m dowry doing so.

That aside, my own gripes lie in the lack of commitment to creating any short of shareholder value. Frankly, why are they listed? How many announcements do they put out annually that are actually worth knowing about - a few headset wins, winning a slot in some portable music player. And there are ways and means to deal with the much toted "confidentiality" restrictions imposed on them. I think they have been banging on about record design wins for at least 3 years now, but still they are mired in the red - they just cannot generate sufficient revenues on a static enough cost base to create consistent and material levels of profitability. They probably need to reach $230m t/o p/a to get taken at all seriously. If they achieve that as a free standing independent I will be very pleasantly surprised.

Personally, I see them as a take out target - assimilated into a much bigger beast, blast away the management and let the engineers and designers crack on as a top notch internal division. The accumulated tax losses and $50m in cash will help tempt someone out of the woodwork once the consolidation in this sector, which will come, materialises.

fabzzz
21/2/2013
12:34
The progress of Wolfson is puzzling: its products are good and in demand, and, as pointed out above, Blackrock has bought in heavily (now over 10% of the equity), yet the share price just doesn't seem to be able to move upwards as much as holders (like myself) would like.

Looking at the Glassdoor reviews for Wolfson, though there are only two, it is suggested there that the senior management are not so good, although they do have skilled, competent and capable engineers. So, maybe this is a case of a good company run by not-so-good management, which is better than a not-so-good company being run by bad management: so I'll hold a while longer.

Who knows, maybe the management will improve, in which case, I may even buy back some more (having taken profits on half a while ago).

andrewbaker
08/2/2013
23:25
Must have taken them weeks/months to accumulate so many, given the usual volume is about a few thousand shares per day. They could have the other 89% for 250pps if they want.
domtheone
08/2/2013
21:08
Well Blackrock bought a million shares so at least they believe it worth the journey !
me , well you just never know with wlf , you just don't know....

pjw956
07/2/2013
09:17
From IC
Wolfson promises profitable 2013
Wolfson Microelectronics (WLF) finally made money in the second half of 2012, and it looks like the momentum has carried over into this year, too. Given management says it's confident in consensus estimates, expect a big profit in 2013. In fact, analysts at broker finnCap predict adjusted pre-tax profit will ramp up to $11.2m (£7.15m) to produce underlying EPS of 7.1¢ in the current financial year. That's quite a turnaround from the $3m adjusted pre-tax loss reported in 2012.
Of course, much will depend on how quickly customers ramp up new products, but the omens are good. Fourth-quarter sales of $56.1m was up 52 per cent on the year before and 85 per cent better than the first quarter. That turned a fourth-quarter loss of $2.9m in 2011 into a $1.5m underlying operating profit and narrowed the full-year deficit by almost two-thirds to $2.9m. And Wolfson reckons first-quarter sales in 2013 will be up 40 to 60 per cent to between $42m and $48m. It admits Samsung will make up half that - it was a third in 2012. Clearly, that's not ideal. Still, the company is supplying chips to most of the big manufacturers and for the new Blackberry Z10, too.
A sharp drop in gross margin to less than 44 per cent - blamed on a single high volume part with one customer - is disappointing. Wolfson predicts a return to a more traditional gross margin of around 48 per cent in the second half of 2013 as customers take up more expensive parts with extra functionality, but not before another big margin drop in the current quarter.
WOLFSON MICROELECTRONICS (WLF)
ORD PRICE: 189p MARKET VALUE: £220m
TOUCH: 189-190p 12-MONTH HIGH: 233p LOW: 148p
DIVIDEND YIELD: nil PE RATIO: na
NET ASSET VALUE 120¢* NET DEBT: $48m
Year to 30 Dec Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (p)
2008 198 10.6 6.52 nil
2009 121 -14.8 -8.88 nil
2010 157 -11.2 -5.71 nil
2011 157 -24.1 -15.39 nil
2012 180 -9.4 -5.22 nil
% change +15 - - -
*Includes intangible assets of $32.4m, or 28¢ a share £1=$1.57
IC VIEW:
A record for design-ins during the fourth quarter, mostly for audio hub chips, is a good sign. However, there's a risk when repairing margins and the shares already trade on around 40 times consensus estimates for 2013. Hold.
Last IC view: Hold, 205p, 31 Jul 2012

cestnous
06/2/2013
18:06
Think fall is overdone. Yes jury still very much out in terms of whether they can ramp up enough in terms of revs and control cost base to make any sort of meaningful and consisent profit q to q. But are they in a worse position than 12,9,6 months ago? I think not.Having said that they dont help themselves by flagging in q3 an erosion of margin to mid 40s then in q4 stating margin at 41%.
fabzzz
06/2/2013
15:51
All I can say is that this is a possible buying opportunity. I shall watch closely, and buy more when the price trend reverses towards the north again.
andrewbaker
06/2/2013
11:24
i'm a little surprised the share price dropped so much this morning after full year results and with a positive outlook going forward. I'm still holding on to my shares. (this tree shake won't take me out.)
johnward1234
06/2/2013
08:28
Well 'Shares' got it wrong and so did I it seems.
cestnous
06/2/2013
07:59
whats the point if you increase sales by 50% but still don't turn a profit? just passing by but interested to hear holders views.
melody9999
04/2/2013
21:57
wednesday fast approaching - time will tell - sales v margins v the future ?
pjw956
04/2/2013
08:54
Buy tip in shares last week says much the same and very enthusiastic. Researched it over the weekend and bought in this am.
cestnous
04/2/2013
07:13
Bit of Sunday filler from the Scotsman, but including a couple of interesting bits of info re inclusion in new BB Z10 + potential traction in MEMs revs


Wolfson cashes in as shoppers keep taking tablets

By GARETH MACKIE
Published on Sunday 3 February 2013 00:00
A SURGE in demand for tablet computers in the run-up to Christmas is expected to trigger bumper fourth-quarter results this week for one of Scotland's highest-profile technology companies.
Audio chips made by Wolfson Microelectronics, which was spun out from Edinburgh University in 1984, are built into some of the most popular tablet brands, including Amazon's Kindle Fire HD, Microsoft's Surface and Samsung's Galaxy Note.
Electrical retailer Dixon revealed last month that it sold five tablets every second in the week leading up to Christmas Day, with rival chain Argos also reporting a 125 per cent leap in its online sales, driven by demand for computers.
Industry sources have also revealed that Blackberry- maker Research in Motion (Rim) has included Wolfson's chips in its Z10 smartphone, which was released last week as the Canadian firm goes head-to-head with Apple's iPhone 5 and Samsung's Galaxy S3, which also uses Wolfson components.
Under chief executive Mike Hickey, Wolfson has focused on audio chips and microphones instead of components for other products such as cameras and printers.
Analysts predict that mobile phones and tablets will have accounted for about 60 per cent of the company's chip sales during 2012, up from 48 per cent in 2011 and just 30 per cent in 2010.
Wolfson has led the development of micro-electro-mechanical system (Mems) microphones, which deliver better sound quality than previous chips.
Smartphone makers have been adding more than one Mems microphone to their devices in order to cut down on background noise.
Alexandra Jarvis, an analyst at Peel Hunt, said: "Mems accounted for close to no sales in the second quarter, 3.5 per cent of third-quarter sales, an estimated 6-8 per cent in fourth-quarter sales and could be in excess of 10 per cent of 2013 sales."
Liberum Capital analyst Eoin Lambe said: "The high end of the smartphone market is becoming a two-horse race, with Samsung and Apple starting to dominate.
"Wolfson is a key supplier to Samsung and its audio hubs are included in most of Samsung's high-end smartphones and tablets. Samsung is expected to account for circa 40 per cent of Wolfson's revenue in the fourth quarter."
Lambe added: "Wolfson recently re-engaged with Apple, and its digital-analogue converter chip was included in Apple's iPhone adaptor.
"While this design win is likely to be small from a revenue perspective, circa $15 million (£9.5m), it opens the door for Wolfson to regain more meaningful share at Apple.
"It is unlikely Wolfson would take share from Cirrus in Apple's iPhone or iPad, with further design wins for Wolfson more likely in PCs or Apple's potential TV."
Wolfson had been dropped by iPod maker Apple in 2008 after missing deadlines for producing components.
The relationship between the two companies had previously been hailed as one of the defining characteristics in building up Wolfson's reputation within the industry.

fabzzz
11/1/2013
23:29
Pity the share price is stuck when the markets are flying. Soon as the markets turn this will be racing back below 200p. :-(

6th Feb for your diary folks.

Sudden bid announcement would be wonderful and the best news possible. Even a "WLF to be in iphone 6" shocker couldn't come close.

Failing that, the usual jam tomorrow and the odd banana skin will be the order of the day.

domtheone
06/1/2013
14:46
Same old nothing.

Getting dragged up with the positive wave that's all, imo.

Results should be in a month or so and then it can begin another reversal.

Is this the most untraded stock in the FTSE relative to mkt cap..

Happy New Year to all.

domtheone
03/1/2013
22:58
So what's happening here then?
sat69
Chat Pages: 541  540  539  538  537  536  535  534  533  532  531  530  Older

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