Wednesday 12 December 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
We tipped Wandisco (WAND) as our tip of the month in October. The shares have gained 20p since then, despite the market waekness but the thesis is unchanged and is explained below in full detail.
WANdisco (WAND) “is pleased to announce it has secured a contract with the leading information and communications technology provider in China for its Source Code Management product”…
Previously writing on ‘live data platform’ company WANdisco (WAND) early this year, I concluded with the shares having recovered to circa 800p that I continued to avoid and wait and see how the financial playing-out of ‘the opportunity in front’ of the company progresses before considering a more positive stance. Today a “Trading Update”…
The great success that was the 2018 UK Investor Show saw six 'Dragon's Den' sessions where a number of CEOs each gave a 1 minute (well, supposed to be!) pitch and three 'Dragons' at each session each picked a stock for a £1,000 investment. With the show having been on April 21st, here’s a second performance update...
Is it Dave or David? I get confused by so much these days. Whatever he presented a compelling case. And after the Dragon's Den he did I became a shareholder as you can see HERE. Wandisco (WAND) is proof of how vital management is. It was heading for disaster then management changed and now its zooming ahead as Dave/David explains below.
At UK Investor Show there were six Dragon's Den sessions. As a result of each £3,000 of my real money was invested after each dragon picked one of the 5 companies doing an elevator pitch. In session two the Dragons were me (Tom Winnifrith), Nigel Wray and Gary Newman. The companies pitching were: African Battery Metals, Extract Resources, WanDisco, Coinsilium and Powerhouse Energy Group.
I note shares in data management technology company WANdisco (WAND) have significantly recovered since I previously wrote and yesterday saw a “Trading Update” announcement and today a research update…
I previously wrote on WANdisco (WAND) last month as the shares rose further above 800p – suggesting, with forecast losses and year-end net cash of $7.1 million, that despite the growth potential it significantly market sentiment bullishness which saw the shares at those levels and, with this famously volatile, that after the ride so far this year here it prudent to lock-in gains. Today a placing and director share sales…
Shares in WANdisco (WAND) are currently further higher this week following an “OEM partnership with Virtustream” announcement - though the rise further above 800p compares with a sub 200p share price at the commencement of 2017…
Shares in ‘big data’ company WANdisco (WAND) are continuing a recovery on the latest news of an agreement with Silicon Valley Bank.
I previously wrote on WANdisco (WAND) in January – ‘one quarter does not an investment make, but offers some encouragement for shareholders’. The following updates with the shares currently on the rise on the back of a “Significant customer win and Q1 update” announcement…
Shares in ‘big data’ software company WANdisco (WAND) are currently continuing a recovery – this on the back of a concluding trading update for 2016...
On Thursday 29 September 2016 at 10.41 AM Wandisco (WAND) boss Dave Richards resigned. Or so we were told. The RNS prepared by Non Exec chairman Paul Walker (who agreed to take a massive pay hike and go Exec) stated that Richards was "stepping down.". No reason was given. In fact Richards had been fired by Walker, head of the "Sage crew" within the firm who had been battling Richards for a good while, the main issue being costs: Richards ( the founder) wanted restraint, the men from the "big company" had other ideas. Today Richards was reinstated. It gets better still and more farcical.
On Wednesday, cash guzzling over-ramped serial non-deliverer of anything other than jam tomorrow Wandisco (WAND) announced that it had a new CFO at 7 AM. At 10.41 AM Thursday the company's founder, CEO and all round head honcho David Richards walked with immediate effect. No credible reason was given for his departure. I smell an enormous rat.
Following an announcement of the appointment of a new CFO earlier this week, yesterday saw provider of cash-burning solutions, sorry, of “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”, WANdisco (WAND) make a further “Directorate Change” announcement…
Wandisco (WAND) has today published results for the half calendar year which indicate that at June 30th the company was bust. Thank heavens it got an equity placing away shortly afterwards but did it tell punters how bad things were before it got their cash? And how soon before the next bailout.
Having recovered back above 150p at the start of this month, shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND) have slipped back with the company having received General Meeting approval for a confetti (sorry again, equity) issue…
It has been announced that CFO of unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND), Paul Harrison, is to join JUST EAT plc with effect from 26th September. He is stated to be “looking forward to joining”. I bet…
Shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”), WANdisco plc (WAND) currently trade 25% higher today, at 225p, on the back of an announcement that it “has entered into a non-exclusive OEM sales agreement with IBM under which IBM intends to sell WANdisco's Fusion data replication product”. Hmmm…
March-announced results for 2015 from WANdisco (WAND, the self-described provider of whatever “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability” are) included that the company had required to make the first drawings on a $10 million revolving credit facility after a $26.1 million net cash outflow before new financing saw year-end cash at $2.6 million. This saw the shares on the retreat back towards 100p, but they have since recovered to a current 175p. Hmmm…
It does not seem as if Wandisco's (WAND) attempts to find someone to buy it have come to much. Certainly it does not mention this in today's calendar 2015 results which are truly abject and suggest the company is hurtling at a rate of knots to the very edge of tits up canyon.
Following a “2015 year-end update” from WANdisco plc (WAND) earlier this week, forecast changes are now following. They ain’t exactly promising!...
AIM Death list member Wandisco (WAND) has released, what can only be described as, an utterly disastrous trading statement at every level. All the money's nearly gone and there must be a very real danger that it is tits up time soon.
A extra bag of crisps for The Deputy Sheriff of AIM for spotting a bit of a rule breach by ailing Wandisco (WAND). Given that it is almost out of cash and that insolvency looms if it cant get a rescue bailout underway, perhaps this is just a minor distraction?
It is pretty unusual for a company to slip out good news at no-one-is-watching o’clock, but that is what AIM-listed and rather short of cash WANdisco (WAND) pulled out of the hat yesterday at 5.26pm. Is the news really that good? And talking of hats…..…is this all just a precursor to passing the hat around to raise some much needed cash?
Shares in Wandisco (WAND) are sharply lower again today. They now trade at 87.5p, off 6.5p on the session and down from 140p a month ago. But there is far worse to come - as Steve Moore and I have warned time and time again - see HERE. And so with a few comments here is some sage advice from Iron Maiden.
I warned in March that despite having fallen from approaching 1300p to below 300p, with there no signs of profitability in sight and cash burn severe, shares in WANdisco plc (WAND) looked to remain a sell – see HERE. The following updates with the shares now around 140p and following further savage forecast reductions post results for the first half of 2015…
You cannot say we did not warn you repeatedly but interims today from Wandisco (WAND) – although well spun – are a dog’s dinner. It is car crash ahoy time. When’s the next bailout placing and who would be mad enough to subscribe?
Steve Moore previously commented on AIM-listed WANdisco plc (WAND) HERE (‘after the 2015 Q2 sales update, it’s forecast reduction time yet again!’), including noting forecasts of net cash reducing to $6.2 million at the year-end and an $8.5 million net debt position at the end of next year, with there currently a $10 million revolving credit facility in place with HSBC to March 2017. If this balance sheet position was not too close for comfort already, we now have reason to question the exact nature of the HSBC facility…
Having noted a decline in quarterly sales bookings from WANdisco plc (WAND) to $2.4 million (Q2 2014: $3.4 million) HERE, it is now forecast reduction time yet again…
Having changed the name of its first quarter sales update to “Fusion Attracts First Big Data Customers” as it attempted to PR spin its way out of bookings disappointment (see HERE), we now have a second quarter update (actually entitled “2015 Q2 sales update”) from WANdisco plc (WAND)…
Having last week reiterated a bearish view on WANdisco plc (WAND) – noting it was trying (and failing) to PR spin its way out of bookings disappointment, a weekend newspaper piece (see HERE) has helped the shares approaching 16% higher to 292.5p. Does this give me cause to re-appraise my view? Er, NO…
The 18th April 2013: a WANdisco plc (WAND) announcement entitled “Q1 2013 Bookings Update”. 17th April 2014: a WANdisco announcement entitled “Q1 2014 Bookings Update”. 23rd April 2015: a WANdisco announcement entitled… er, “Fusion Attracts First Big Data Customers” - despite the first sentence of the announcement noting that the company “reports on first quarter sales”. I think I can guess why…
Having been approaching 1300p a year ago, shares in WANdisco plc (WAND) currently trade below 300p following recently announced results for 2014 and a research update. What are the prospects from here?
Analyst Roger Phillips at Investec reckons that news of a new debt facility for WANDisco (WAND) is a big plus he has reiterated his buy stance on the back of it, at 430p, with a target price for the shares of 1275p. Roger writes:
Prostitute researcher for hire Edison normally puts the best possible spin on life for its clients. Which is why a note out last week on WANdisco (WAND) catches the eye as it explicitly cuts forecasts and warns of an equity raise.
Top broker Panmure Gordon has released a pre-Q1 results note on WANdisco (WAND) suggesting that the shares offer immediate upside of almost 50%.
Paid for researcher Edison has published a bullish note on WANDisco (WAND) after the company served up a very strong Q4 Trading Update. Edison is not deterred by the seemingly high valuation and argues that there is, at 1,170p, upside for investors.
Shares of Wandisco (WAND) have been stars of the small cap area world over the past year and it would appear that this situation is set to continue as we begin 2014.
Does anyone know what exactly WANdisco (WAND) does? I suppose paid for researcher Edison must have sort of Scooby as it is trousering a big cheque to write research reports on the stock.
As far as shares of Wandisco (WAND) have been concerned in the recent past the name of the game here has really been to avoid getting over excited regarding the upside scenario while at the same time acknowledging that the shares are in an ultra-bullish uptrend and if anything, this kind of price action can surprise to the upside.
WANDisco (WAND) today announced a 120% increase in Q3 bookings and so is clearly delivering some organic growth but commissioned researcher Edison sees another reason to be interested: it thinks the company is a takeover target.
In the wake of the release of FY 2012 results analysts all moved to increase their forecasts for tech wonder stock WANDisco (WAND).
There is nothing like the smell of patented active-active replication technology in the morning, especially when enterprises can have non-stop access to their crucial data.
Panmure Gordon is not sitting on the fence after the latest news from AIM listed tech stock WANdisco (WAND) and has issued an incredibly detailed buy note and upped its target price yet again.
Commissioned researcher Edison has published a note on WanDisco (WAND) following an upbeat trading statement for Q1 out today.
Shares in big data provider WANdisco (WAND) have raced ahead by 62.5p today on the back of a new product launch. For those who followed my advice to have a nibble at 493p on January 6th the reward is pretty clear. That WANdisco is making progress is without doubt but are we all getting a bit ahead of ourselves?
Normally I would consider that a company that will be loss making unto, calendar 2014 but which at 493p trades on a 2014 PE of 103 would be a slam dunk sell. Wandisco (WAND) is just that company and it cannot be described as a tradition Benjamin Graham style value investment. But before Lucien Miers thinks about shorting the stock, I suggest that he reads on. This is not as simple as it sounds.
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