Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Interesting!
Goodshare, if I may correct you: it's not 40% of the share capital. On the Wandisco Investor Relations section of their website, they list the main shareholders and comment that less than 10% of the shares are held by private investors. So the jump upwards will be very sudden and sharp once it starts.
As time progresses, and they gain new contracts etc, and we move closer to 2024 and away from the disaster earlier this year, if there is not a significant rally in this share price, Wandisco's / Cirata's days as an independent company will be very limited.
Such high growth forecast will be of attraction to predators, so some sort of rally must be on the books as trading stabilises and the firm moves to a more normalised trading pattern.
I am buying in today, I expect others will as well, and I really think we are now banging along the bottom of things. In reality, I think it is very rare to have the opportunity to pick up shares in such a high growth business at their bottom, yet this is the opportunity being given to shareholders right now.
An interesting and potentially very lucrative position for us all to be in..........
Very muted reaction so far with less than 100,000 shares traded. I guess this confirms that the statement was exactly as expected.
We now await news of the first new deal to set us towards the growth paths mentioned.
Exactly as expected, now we know why the rights were so necessary.
54% - 114% growth figures are great, I’d say we are now at the bottom, and it’s time to buy. I expect the shares to rally from here.
All to go for now, with a much lower cost base to boot.
Agree TT. Am expecting a statement that both examines the past and makes a full assessment of how bad things were that led to the rights issue, plus a very bullish assessment of the company now and its future prospects.
Kelly first and foremost has to steady the ship, the shares can’t be allowed to continually decline, this can give the wrong impression to would be investors and users of the group’s services.
Would especially like to hear about new initiatives and potential contract wins, including any joint ventures
Feel a bit like King Canute on this one, the fall in price seems to be unremitting.
When will this turn?
When will the company issue a comment / RNS to pacify shareholders?
I think the lack of any statement accompanying the AGM RNS negatively affected expectations of investors. It’s pretty clear that some sort of update or comment was expected with the AGM RNS, it never happened, nor is there any update on the company’s own website.
So we are all flying blind and as we know, the market hates uncertainties, hence the declining share price.
I’m using it to buy more, hopefully in hindsight this price will prove to be an outstanding bargain…..
DYOR
Email address to contact investor relations at Wandisco and find out when the next update is: investor.relations@wandisco.com
I do wonder how much longer the shares can trade at this very low level before they attract takeover interest. With THG, it had to be teased out of the company back in April when Apollo showed their interest, it seems companies do not have to say anything to the market even if they are holding active talks with a party as and until a formal offer is actually made. I have been discussing on the DARK [Darktrace] page about the likelihood of DARK bidding for WAND, frankly if the shares continue to trade at this low level, there should be a range of suitors emerging.
Going on a step, if we accept as a fact that there's only 14m shares in free float available right now to buy / sell, when you think about it, a daily shares turnover of 1m actually is a surprisingly large proportion [equating to 1/14 of the shares available = 7.14%]. Do many other companies see such proportions of their free floating shares traded per day?
Global Frontier Investments 14,261,093 12.43%
Davis Capital Partners, LLC 12,181,745 10.62%
Invesco Ltd. 10,676,486 9.31%
Richard Griffiths 6,849,790 5.97%
Conifer Capital Management 3,756,072 3.27%
Ross Creek Partners 3,565,255 3.11%
Lombard Odier Investment Management 3,451,159 3.00%
Jon D Gruber 3,168,567 2.76%
Clark BP 3,168,567 2.76%
Far View Partners 3,168,567 2.76%
That is 55.99% in total. meaning only 44% shares left in the open market. Taking out other funds likely to be holding positions, I'd guess there's probably no more than 10% of this stock in free float, a position Wandisco agrees with: "As far as the Company is aware, the percentage of AIM securities not in public hands is < 10%."
This is presumably why small sells / buys are having such a disproportionate effect............
Wait til we get some more good news!
It would be a logical bolt on acquisition for DARK and at the current WAND share price, a complete bargain.
Wandisco [Cirata] has ground breaking technology that would surely be of great interest to DARK; meanwhile DARK's field of expertise could be of benefit to Wandisco, frankly it would be a complementary deal on both sides, albeit DARK is much the bigger company.
DARK now needs these sorts of acquisitions to size up, akin to its US counterparts.........
And I doubt if they will announce in advance when they are actually going to release the results.
Has anyone contacted Wandisco investor relations department to find out?
I can't see how the first half results will be positive. I think this is a terrific company but following the recent rescue rights issue, the company is surely going to use this opportunity with the results to throw all the legacy issues out into the open, so we will find out how bad things were, necessitating the rights.
In other words, we should all expect the CEO to use the RNS to press the 'restart' button, so whilst previously it has been advised that sales were overstated, now will come confirmation of exactly how badly they were overstated. As I say, there's nothing in it for the company to give us especially good news in this regard, as the RNS will be the barometer by which to compare the next quarter's figures, which will be definitely better than these ones.
Therefore the key thing will be Kelly's forward looking statement explaining how he sees the company to be trading, going forward, and how they are doing winning new contracts etc.
To be fair to Wandisco / Cirata, their technolgy is so groundbreaking that I expect trading to improve swiftly, and if the share price does not then rally, they will just start getting takeover offers.
But more immediately, shareholders should steel themselves for a kitchen sink style RNS to come out, it is just a question of whether or not the current price represents a kitchen sink level, or if we are still falling towards it. I suspect that at 70p we must be pretty near the bottom, which infers that for the bold, at least, this could be an excellent time to buy.
Https://www.facilitatemagazine.com/content/news/2023/09/04/highest-q2-demand-europe-data-centres
It’s clearly a pretty inelastic share, and the price should have been unchanged on such small volume bought and sold so far today.
A really minor buy earlier forced the buy price up to 80p - this is ridiculous, but equally stops anyone buying more. A purchase of say 10,000 shares will probably force up the buy price to 81p yet is a minor purchase.
Therefore when some larger buyers step in the price will quickly rise…..
Captain, why do you mention Wednesday? I thought the results are due on 11th?
Please clarify