focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Incredible to note how many small trades are made in this stock. Frankly, with the dealing costs etc, what’s the point of only buying 219 shares for example?
That losing streak is due for a change, hopefully that will start today. Too many down days recently.
Manifesto, I think, with the greatest respect, that you are well off the mark here. The rights issue was in highly distressed circumstances. In fact, if it had failed, I believe WANdisco would have been insolvent.
Therefore the rights issue supporters could demand a very low price to guarantee their profit. I suspect the rights were priced then at probably no more than 10% of true value, and of course, private investors were barred from involvement.
Eventually I can easily see these shares trading at £5+, of course we will need some decent results updates to get us there, but we are now permitted to start with a clean slate, blaming all issues on the old management. I have been in other similar shares previously and after initial profit taking, the market tends to rapidly upgrade such shares into a more realistic pricing level. Basically we are all now in at the bottom or near to it, and it’s time to wait and have some patience just like the major shareholders who bought the rights issue. They’re not selling, nor should we.
I am buying more accordingly. If the market is letting us buy these at a charitable price currently, then more fool them.
Fully agree!
Completely oversold last week
I think THG will probably be bought out by someone like Apollo eventually but I reckon WANdisco will be bought by another high tech company, for example, Darktrace. That sector tends to buy itself whereas the conglomerate nature of THG must push it towards venture capital funds etc.
I’m sure we will hear about further contract wins and Director buys this month. In addition, the current price represents a very lowly valuation for the overall group, so predators will be looking on with interest.......
The suspension has hurt a lot of investors, but equally that means there’s a lot of potential investors looking on here, many presumably are getting more and more tempted at these price levels especially when they can currently average down so sharply......
And now that the shares are traded on AIM, there’s no CGT either!!!
I believe that this share has very good potential indeed to reward new investors who’ve managed to buy in around these levels. The recently concluded fundraising barred private investors from involvement, so many will have bought in at current levels, and I would not be surprised to see £1.50 to £2 by end of August and £2+ in September, especially if there’s anything positive to advise in the forthcoming trading update.
Agree with inclusion of AI, but would simply suggest: WANdisco AI as the new name?
The WANdisco name for those who don’t know is simply an acronym for: Wide area network distributed computing. Since this is at the heart of what the company does and represents, I can’t see any point in changing it. This is one of the issues to be discussed at the forthcoming AGM.
Anyone else?
Manifesto, I’m with ii and they’ve already sent me a message advising I need to vote on the AGM’s issues by 24th August.
Looks like a very interesting and hopefully lucrative period coming up imminently: the Wandisco AGM followed by their trading update in early September. Following that we have THG’s trading update!
Chance to ask the new Board a few questions!!!
Frankly, if this share stays at / around this pricing much longer, it will attract predators and get taken over.
It's too cheap at this level.
Mr Kelly described the market opportunity for WANdisco as "huge" thanks to the explosion in data caused by digitalisation of industry.
He said: "My priorities are to target run-rate cash flow breakeven sometime during the latter half of FY24 followed by EBITDA breakeven and ultimately to move towards profitability. We can achieve this by driving sales growth and by ensuring better cost management. Raising the $30m in the business alongside cash flow breakeven will ensure that WANdisco will break the habit of incurring cash flow losses and then returning to shareholders for additional funding and dilution.
"My most immediate priority during the balance of 2023 is to build a pipeline that can support sales and revenue growth as we move through 2024. We are in the early stages of rebuilding the go-to-market (GTM) functions with a number of workstreams identified. We will update investors on progress as we go."
Fair comments about the new CEO, I expect the same, shortly
Oversold now, and so picked up a decent wedge for just under 90p
Can easily see this volatile stock falling back to the 80p - 85p in the short term, many of the current shareholders are in reality very short term in their views. The recent issues at the company and cash raising don’t infer it’s such a bed of roses as many on here suggest.
I see many on here, like with THG, comment that the shares will soon be 200p, 300p, 400p etc. That is completely ignoring the issues that led to the current share collapse. Sentiment appears to have become positive on THG but is the same true here yet? In my experience it’s harder to rise than fall....
I await a lower entry point accordingly.
The lack of directors buying at these levels is ominous and I suspect the shares will shortly be trading around the 75p - 80p level soon. Without doubt that’s bargain basement level but if THG could fall to 31p, then SFOR can also fall to similar silly levels. Unfortunately, that also suggests no fast recovery for the shares until something materially positive happens such as getting rid of that golden share.
I’m currently standing clear accordingly.
Just had a look through it and there is no sign of bias from THG or advertising from them. However, there are adverts inside from the likes of Samsung, Turnberry [Golf clubs], and OVO - i.e. THG now gains access to a diversified range of companies with which to open up potential new partnerships etc. I really think buying CITYAM will prove in hindsight to have been a masterstroke.
Singlehandedly it will publicise THG's news and growth as well as provide the investing City readers with increased visibility that was clearly lacking before. As efforts are stepped up to join the FTSE 250 etc I am sure CityAM will play its part.
It just cannot be bad news that such a publication is now within the Group.
1pencil, great post and suggests what I’ve suspected for some time: that US analysts will presumably be the ones that first realise their price range is too low and will then revise their forecasts upwards. Belatedly the U.K. ones will then follow. Really all of them should have been valuing the shares similar to Liberum but such logic is clearly rare out there.....
The current share price suggests that sentiment is starting to increase however....
Now awaiting the analysts to wake up and revalue the shares at something more realistic than 75p.
Hopefully once one breaks ranks, others will follow and the shares will zoom upwards.
Of course, news over the weekend of a potential bid would help.......
Everything is pointing in my opinion to a strong interim results in September. All three sections of THG seem to be doing well and in fact the company is not only holding its own very well in the current economic climate but actually improving its turnover / trading / new customers. I see a lot of scaremongering on here, but frankly I am very relaxed about things, and in my view, these shares are going in one direction only this year, and that's not downwards.
Comparisons are made between THG and Ocado, these highlight the ludicrous valuation of THG. That is yet another reason to be relaxed - the shares are still so oversold that they have an enormous amount to regain before we can say they represent fair value for the three operating divisions.
As commented frequently before, I expect the price to rally considerably over summer, then be jolted up by September's update followed by a big capital event.
I can only guess how many predators are watching from the sidelines......