Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Why no trading update for H1? Until the bad news is out of the way cannot see a reason to buy back in.
Whilst H1 results last year were issued on 6th September there was an update about the results on 11th July - Sorry to be negative, but can't help feeling that if the news had been good we would have received an update before now.
From the Annual Report: "The Company’s eleventh AGM is to be held at 10am on 30 August 2023 at Brown Rudnick’s London office."
As a former LTH I sold at 120p - 70p more than I expected. Whilst I accept they have a new CEO, even if he is a miracle worker there won't be any positive news for at least 6 months - the H1 results, judging by the contract announcements, will be awful. Will wait until the bad news is out of the way before thinking about getting back in though accept might Miss Out if it does come good.
"WANdisco has a history of under-performance when generating sales bookings and revenue despite the strength of its market leading technology.' says Stephen Kelly. With acash burn of over $2m per month, I think investors will need to actually see some evidence that this has changed.
I think you should wait until they publish the first half results (or overdue trading update). However good things will be in the future the results for H1 are likely to be awful. Post results might be the buying opportunity you want.
not a shorter - just a bit ****ed of that having watched share price double from original buy at £6 shares now worth £1! if this industry works so well why isn't wand's revenue more than £10m?
Am not sure what the fundamentals the more enthusiastic posters here are relying on. No 1st half trading statement. Very few contract wins (genuine ones) in the 1st half. Will take some time for the new management to start achieving anything. 50p seems about right for now until the new management actually start to show results, which realistically won't be before this time next year.
Is insider trading now allowed? The fact that CEO is an advisor to Blackrock will probably stop them buying!
Actually you said had persuaded your wife to buy at 120p
What are the fundamentals? Turnover has almost halved in 5 years and operating loss virtually doubled. Watched the video and was a long list of impressive orders all of which were fake. Turnover this half must be well down again judging by the few contract announcements they have made. With staff numbers slashed how are they going to get new business? £50m -£60m market cap (about half today's) seems about right until things start to happen!
Last year was a trading update for the 1st half on 11 July - will be interesting to see if get one this year and what it says. Might be wise to hold off until after the update, if it comes. The last contract win was for $7,680.
I watched the video but in the real world only 3 contacts have been announced since the "slight problems" were announced. They were:
BMW two contract renewals are expected to deliver USD 1.5 million in revenue to WANdisco over the next five years. renewal runs for a two-year period and is valued at $200,000, £7,680 with FordDirect for WANdisco's Data Migrator product.
A total of £1,335,000 ( and some of that over 5 years!) -where is the new business?
Could someone tell me why this share has a market cap of £130m when it makes no money - has less than £10m turnover and hasn't fully explained how the market was completely mislead by "orders" that didn't exist being announced by the board.
Whilst lots of uncertainties - not least the future oil price. Can anyone tell me what are the net costs per barrel to Afrenta are going forward, the annual production and hence the income we can expect given a $70/barrel oil price?
Price creeping up even with no announcements of share buy-backs since last week (should perhaps have bought more when share price was lower!). Perhaps finally getting noticed by the market - selling their house building arm to concentrate on infrastructure projects was clearly a good move.
The year has started well, with good momentum across the Group's three divisions and trading in the period was slightly ahead of the Board's expectations.
Pendragon's atest management statement doesn't mention shareholders!
Bill Berman, Chief Executive of Pendragon PLC, commented:
"I am delighted to report a very strong performance in the first quarter, which builds on the momentum we generated last year from the progress with our strategic and operational initiatives. We continued to trade strongly in UK Motor, across both new and used markets, and our performance shows the benefits of the strategy we have been pursuing in recent years. It is really encouraging to see all of the Group's divisions in growth, particularly when considering the ongoing challenges in the external operating environment. We are seeing improving signs in the production and supply of new cars and we are focused on continuing to deliver for our customers and OEM partners in the months ahead."