£2 seems to have been base. Agreement with compare the markets last week and now recd in Midas share tips. Looking better now for recovery play.
SP up an away
A good RNS....more to follow
21 Mar '15
Such a shame. Let's hope they take note and reign in their spending a little. http://www.telegraph.co.uk/finance/markets/questor/11479719/Questor-share-tip-WANdisco-a-sell-until-contracts-come-through.html
19 Mar '15
far too risky...these 1990 style go 4 growth tech plays look out of kilter with risk averse markets (cf snty)
19 Mar '15
WANdisco a sell until contracts come through: WANdisco revealed its losses more than doubled last year as the technology company spent heavily to fund expansion. The company said pretax losses had reached $39.4 million (£26 million) in the 12 months to December 31, up from a pretax loss of $19.9 million in 2013. The profitability declined despite revenue increasing to $11.2 million last year, up from $8 million in the previous period. WANdisco has two products – the application lifecycle management (ALM) product, which allows users in different locations to work on the same document or piece of computer code, and the big data product. The ALM business remains the core of the group and sales bookings here were flat on the previous year at $14.6 million. Big data bookings increased rapidly in the final quarter of the year to $2.1 million, bringing the total for 2014 to $2.8 million. The company burnt through $22.6 million in cash last year, leaving $2.5 million at the end of December. The company raised $24.8 million (net of fees) from investors in January and management believe they have enough funds for expansion in the year ahead. Questor downgraded the shares to a Sell in September last year at 335p, and until we see more evidence of new contracts the shares remain far too risky. WANdisco at 311p-44p Questor Says “Avoid”.
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