WDT - Wellington Drive Technologies

[kiora]

Roz making a difference?

https://stocknessmonster.com/announcements/ike.nzx-421996/

"Roz is currently Senior Vice President – Strategy, Product & Development, Construction & Engineering
Global Business for Oracle, ranked the third-largest software company in the world by revenue and
market capitalisation in 2022. For the 13 years prior to joining Oracle Roz held General Manager and
Senior VP roles at several business divisions of Trimble USA where she held full P&L responsibility for
scaling up global software and hardware technology businesses, the largest of which she grew from
US$100M to $400M. She is also a board member of Propeller Aero (Australia/USA), and Grupo Protexa
(Mexico). Roz is considered by the Board to be an independent director for the purposes of Listing
Rule 2.6.2."

Also director of IKE

[kiora]

Someone getting excited/over excited?
about upcoming "H1 2024 Results Announcement and Interim Report release"
Will they start cutting into their tax losses?

Top of leader board

[Not too Flash]

Someone getting excited/over excited?
about upcoming "H1 2024 Results Announcement and Interim Report release"
Will they start cutting into their tax losses?

Top of leader board

Promising signs .....

[whatsup]

Promising signs .....

again, been here since Ray Thompsons time mid 1980's !!

[kiora]

Yes it could be promising signs.
It could be a while before market wakes up.
Got to get that IOT up UP/motors but getting there.
Momentum building.

https://www.nzx.com/announcements/435543

"TWTH1 FY24 Results and Guidance Update
2/08/2024, 09:55 NZST, HALFYR
Strong first and second quarter trading for AoFrio produced H1 FY24 revenue growth of 27.4% over the same period last year.
EBITDA for H1 FY24 was a $1.1m profit compared to a $0.7m loss for the same period last year.

The Company’s Interim Report has been released today and is attached.

The results show a strong first half performance, as previously indicated, built on AoFrio’s new USA IoT strategy, new business wins in both North America and South America and a significant improvement in customer satisfaction score.

Metric (NZ$m) H1 FY24 H1 FY23 Variance
Revenue 38.4 30.1 8.3
IOT 21.8 17.1 4.7
Motors 16.6 13.0 3.6
GM % 30.0% 30.3% (0.3) pp
EBITDA 1.1 (0.7) 1.8
EBIT (0.3) (2.1) 1.8
Loss (1.0) (2.7) 1.6
Operating cash inflow / (outflow) 2.3 (2.8) 5.1 "Looking good"

AoFrio has significantly accelerated its new product development and will be releasing new software and hardware solutions focused on improving the return on investment for our customers’ refrigeration fleets. The pipeline of solutions to be launched in FY24 includes AoFrio® INSIDE™, AoFrio iQ, ECR®2 26W, and AoFrio’s first Food Retail solution.

The Company is building a strong sales pipeline based on these new solutions, which offer opportunities to take additional market share, with the potential for some significant sized deals.

AoFrio is maintaining its FY24 guidance for revenue in the range $70m to $80m, a 13% increase over FY23 at the midpoint of the range. EBITDA guidance for FY24 is targeting around $2.5m. Macroeconomic conditions may impact this guidance.

AoFrio notes it is working on significant large opportunities that, if they eventuate, would push revenue to the top end of guidance.

AoFrio remains measured in its approach to managing the investment required for new product and adjacent market growth, including cost controls, and tighter criteria for investment in innovation. AoFrio continues to manage its investment to align with trading conditions and expects to be able to continue expanding through internally generated cashflows.

Thank you to the AoFrio team and stakeholders for your support."

Exciting times

[kiora]

If this Co. was newly listed,without its past history,S/P would be running hot now,or,not?

But,it also comes with $Xm of tax losses that,given time,could come in useful now?

Well,it is starting,smashing 20DMA & 90 DMA.

Exciting times these IOT megatrends !!!

SH's should hope that the Co doesn't get taken out too early.

[kiora]

again, been here since Ray Thompsons time mid 1980's !!

You're a stayer !

[whatsup]

You're a stayer !

or sucker !!

[kiora]

Pointy gragh showing patience will be rewarded finally?

3 month CAGR +18.64%

Breakout from down trend?

Time will tell

[Wai Wai]

I wonder if it will stay overlooked by NZX brokers/fund managers/Kiwi Savers etc (who are all donkey deep into the NASDAQ, whilst ignoring anything on NZX not in the NZX50 ) Then when it gets swallowed up there will be a wailing and nashing of teeth as yet another tech listing on NZX vanishes

[kiwikeith]

I wonder if it will stay overlooked by NZX brokers/fund managers/Kiwi Savers etc (who are all donkey deep into the NASDAQ, whilst ignoring anything on NZX not in the NZX50 ) Then when it gets swallowed up there will be a wailing and nashing of teeth as yet another tech listing on NZX vanishes

If that happens it will remind me of Val Doonican who said it took him seventeen years to become an overnight success. WDT first listed on the NZX in February 2001. It has been a Jam tomorrow stock ever since.

[whatsup]

Found it in 1986-88 Ray sponsored it on listing out of the Strathmore Group which itself failed as a result of the 87 crash while WDT survived with dare I say millions being invested in it.
Numerous consolidations and cash raisings have been part of its history and with circa $110,000,000 of tax losses , lets hope that its on the road to something special this time.

[whatsup]

Should be relabelled as AoF and slowly getting noticed as the last report was a goodun, hit .09 today with much much more to come !!

[whatsup]

Next stop .10 !!

[kiora]

Next stop .10 !!

Why stop there?
It was .20 end of 2021 ?

[whatsup]

No that is/was the next share on the offer side, has changed now .