Last day today for rights application, just filled online and made payment. Asked for more, yes I'm crazy too :p
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Last day today for rights application, just filled online and made payment. Asked for more, yes I'm crazy too :p
Believe, I’ve also topped up, pretty comfortable with it.
I'm in, but to be honest I'm pretty nervous about their future given the way America isn't handing the virus. Things may slow down there for longer and more drastically than was hoped. Hopefully Wellington can come through this. A high risk investment me thinks.
Given the rights issue is at 5 cents I don't think you can go too wrong. However....I think WDT are going to be hit really hard this year with very little revenue. The 5 million could disappear very quickly and we could see the share price drop 50% from here, though I still believe in the long term future if they can get through this next year somehow.
I too have applied for extra, though unlikely we'll get much, IMHO.
My fear is it could go very wrong and they could go out of business. But I hoping it doesn't go that way and am willing to take the risk as I believe they have a very bright future.
Rights issue oversubscribed by 43%
Well done all steel balls.
Got allocated just 20% of what I've asked in addition to my rights.
Ridiculously cheap rights........no wonder over subscibed. Let's see if this returns to plus 20c (think I paid 26c for some!) Still believe WDT is being very well run and will be doing all it can to trim costs ATM....looking forward to a bright future as things were all looking positive pre-covid. GLTAH
Someone's thrown a decent chunk of money...
7.9 21,466,666 12:28 SP
My account was credited this morning.
Can someone explain how this SP won't simply drift down to 5 CPS now? Why would anyone not just take the instant profit that's on the table, especially with the situation in the US currently?
As a general answer
Well if someone has done their DD and analysed the company and value it higher after this down phase then the tiny profit from selling post capital raise isn’t really sensible
Compounding this is the possibility that someone was deep at a higher price and cap raise has DCA them down and even selling now isn’t that great
Disclosure not a holder
It might drift down to 5 cents, or drift up to 9 cents. Take the profit now and give up potential future profit? Tea leaf reading is always a challenge.
I would suggest there are at least two reasons why most peeps probably won't do this with the new shares acquired last week:
1) Tax. Gotta pay tax on the gain so that makes it much less appealing.
2) Brokerage. Unless you held a lot of WDT to start with, then the new shares, even if you over subscribed, may make the transaction not worth the bother. At least I see it this way with a traditional online brokerage fee. Maybe not if peeps use sharesies?
What else?
Big dumper knocked the S P down to .07
Yeah I hear what you're saying but my money's still on downward pressure toward the issue price. Happy to be proven wrong but with the US situation how it is I think it's inevitable
Guilty as charged .076 yesterday and .075 today. I did sell everything got through the rights offer.
Yes, the SP will trend down close to 5c in the absence of any positive news over the next few weeks and it’d be an opportunity to buy back. This is not dissimilar to SKT, SKC or other recent capital raising initiatives wherein the SP is pegged back due to profit taking.
Disc: hold some in long term portfolio
Yeah kind of agree.
I had a head rush and bought a bunch at 7.5 but I think this is only primed to go toward 5 or 6 cents.
I don't see any good announcements coming. Most Companies are deferring capital spending, so the next few quarters could be bleak.
That said I think they'll survive and long term will do OK, there was some good signs pre covid
Good to see directors with increased skin in this game. Peter Barnes now owning nearly 700,000 shares, Steven Hodgson increased his holding from 7.7m to 10.3m shares.
Add to this East West Manafacturing also showing great confidence in Wellington Drive by taking their share of the company through to 12.8% from 10.3% ( an increase of approx 180m shares)
They must all see value and growth ahead for WDT.
WDT looks to have ground down already in anticipation of today's interim results showing a hit from COVID but with the GM's positive assertion that the company is geared to respond as things improve. General thoughts? I'm considering a small stake to see where this goes... Not currently a holder.
.06 Lowest price for a while will we head any lower ?
A lot will depend on the next update.
Just how badly have sales fallen away.
How long until it recovers.
The potential is this can go lower still.
I think 5-6 cents range.
If the next announcement is bad with no bounce back in sales then sure it'll be lower.
5c capital raise may end up looking expensive in a few months time.
WDT must be the unluckiest company on the NZX -- just as looks like a miracle is about to happen and WDT is going to be great something always comes along to snuff that dream out.
Even the IoT isn't to going to save ....they make a great thing off it but it just keeps them in the game.
Will fortune ever shine on them ...doubt it
History would say you are right W69 and they historically burnt through a lot of shareholder funds
BUT are WDT about to enter a new phase?
It would seem to me there is a real increased need for their products & services
Low E long life motors smart efficient & reliable motors & controls to improve marketing
Remote monitoring with IOT
Just maybe they where turning the corner before Covid struck
Is John Scott about to lead the company ahead?
https://www.wdtl.com/wt9139
Newish cornerstone shareholder East West Manufacturing, LLC increasing its shareholding
http://nzx-prod-s7fsd7f98s.s3-websit...192/327453.pdf
Maybe a bit of symmetry here so I wouldn't write WDT off just yet
Can they get traction again?
SP indicates they aren't but the next announcement could give an indication what lies ahead
I strongly believe it was due for a little re-rate before COVID. COVID has put this into a swamp for a while until things recover. Hard to assess at this current stage imo.
On fundamentals WDT probably 'priced' about right - even though a fair bit of optimism is still built into to the share price
In spite of company hype WDT is still just a low margin manufacturer of engines (they say solutions) mainly refrigeration OEMs - ie just a component. They don't really have any real competitive advantage and performance is impacted by the up and downs of economic cycles. The cost of staying in the game (ie product development) is quite high as well. Revenue growth over time is still single digit so hardly a growth company.
One thing going for WDT as a ticker (rather than a company) is that the share price might (or is due to) go up from here - market sentiment rather than company performance might see some trading gains ...cool chart
Over $100 mill in tax losses so once they hit the big time there is no tax for a decade to come, firstly get into profit !!!
W69
Was "just a low margin manufacturer of engines"
https://stocknessmonster.com/announc...dt.nzx-296214/
2016 competing on price of motors but initiating IOT
2020 38% of revenue from IOT.
https://stocknessmonster.com/announc...dt.nzx-347362/
GP% slowly increasing
Time will tell
https://www.nzx.com/announcements/362040
Hopefully they've turned a corner from here on and march ahead full steam...
Nice announcement and looks good. If more of these interconnected solutions can come into play then maybe they can make some headway but yeah a really unlucky company.
Is this a game changer?
https://www.imberacooling.com/global/innovation
WDT appears to have been proactive in this space
A global refrigeration player seeking an agreement with WDT on using its IOT
WDT would have to hope so
Yes TWT if it can get its ducks in a row
Not yet..... once step forward.... one step back (seems to be a continuing theme for WDT)
Latest financials just released
Wellington Drive Technologies (Wellington and the Company), a leading
provider of Internet of Things (IoT) solutions and energy efficient motors to
the retail food and beverage industry, today announced its unaudited trading
results for the nine months ended September 2020.
Financial Performance
Metric $ Q3 2020 Q3 2019 Change
Revenue $26.5m $45.9m -42.3%
Wellington Connect(TM) IoT revenue $9.2m $17.5m -47.4%
ECR(R) 2 motor revenue $11.4m $16.6m -31.3%
ECR legacy motor revenue $5.1m $10.4m -51.0%
Gross profit $7.9m $11.9m -33,9%
Gross margin % 29.8% 26.0% +3.8%
Operating expenses net of other income $6.8m $8.8m -22.8%
EBITDA1 $1.07m $3.10m -65.4%
EBIT -$1.14m $1.30m -$2.44m
Profit (loss) -$1.47m $0.58m -$2.05m
At least Q3 wasn't as bad as Q2 ....revenues only down 52%
They used to fighting for their survival - shareholders will see them right
Smart move by them giving the super good news yesterday eh
Finally learning how to play the market - good on them
If not SHers then East West Manufacturing will see them right ?
One would think Imbera wouldn't have reached their agreement unless WDT had a long term future?
Only +ve from FR was Gross margin % increasing.By selling less motors ? and more IOT?
Cash $3.4 mil, another cash issue at what price ?
Looks like our man Greg had enough and heading back to Canada, but he's not fully gone still be director for the company, suppose that shows his commitment.
Hope new CEO might be the lucky charm the company and shareholders need.
He has been there since 2011 and has done a magnificent job on many fronts. Winner's comment is well exemplified by the current low share price which this company certainly does not deserve. The CEO deserves to go out on a far better share price than that as he has positioned this company very well. The foundations are in place for good growth from here. Covid lockdowns can't go on forever and the future looks bright for this company so long as they make it through the current spot in my opinion.
Been going since last century and listed early this century and burnt through $115m so far.
I have a full set of Annual Reports which probably worth a lot as a collectors items if anybody actually collects morbid things.
Unlucky ....just that every time things look really good and they’ve grasped the technology of the day something always seems to go wrong and it’s all back to square one.
One day things will change ....can’t be unlucky forever can you
NO No i was told last week in auckland by a futures sales man with a fine arts degree that this stock was tradeable and the graph just wiggels along , perfect to trade!!!
I looked at it side ways, up ways, down ways, every which ways..... just looked down to me...
Oh dear someone dumping big time and big lots too...two lots of 5m and 2m parcels at 5.8c a piece.
I think another capital raise is on the way.
3c?
It’s a high bar, some are going well.
We’ve got to back our kiwi innovators, however long it takes. Ingenuity and perseverance matched with commercial acumen. The long game.
Might get into Angel investing again, the share market is too predictable and full of old farts only interested in dividends.
Looks like the resigned CEO dumped his 7m shares
Good article in Spinoff about IOT in New Zealand. Starts with beekeeping (who knew?) but ranges much more widely into opportunities in the sector, including some of what is already happening.
https://thespinoff.co.nz/partner/spa...ns-of-dollars/
IOT Its wider & more useful than most people realize
7-12-17
Chorus IoT proof of concept underway
Chorus has today announced that it is underway with a proof of concept for a LoRaWAN (Long Range Wide Area Network) Internet of Things (IoT) network.
The proof of concept was undertaken in Takapuna and Torbay on Auckland’s North Shore. It makes use of Chorus' existing street network assets to provide localised, deep network coverage which enables sensors to communicate with the IoT network from what would typically be hard-to-access locations, such as underground wastewater or sewage pumping stations.
https://company.chorus.co.nz/chorus-...ncept-underway
.....prefer half glass full myself. "Massive purchaser has entered the registry".....there had to be a serious purchaser of WDT for this number of shares to change hands. No way could you "dump" this number of WDT on the open market without totally crashing the SP, which hasnt happened. I wonder who the new owner is.....possibly East Wast increasing their holding in readiness for full takeover at these crazy low prices??
Good Lord, what a ride...
Supposedly not Greg Allen as he doesn't have that many shares
https://stocknessmonster.com/announc...dt.nzx-356763/
Smart Shares (NZX) have been sitting on the market for nearly 2 years Now finally out of the way
End of Superlife's time as an owner. Been selling for 3 years. Was always a weird owner imo. These lines were the end.
As per latest disclosure, seems a though Jarden bought about 4mln+ shares on Friday 13th Nov.
Just wait for the capital raise next quarter. I hope they don't give then away like they did the last 2, when I think they could have set a higher price and still been fully subscribed. But my guess is will be 3. something cents. Have been a strong believer for many years and I just hope they can get through the next year, as the overall picture is still encouraging take away the COVID...
Superlife owned 28% in 2015. It is a fund manager bought by NZX. The original owners thought it was a good idea to go massive in a stock that was small and relatively speccy.
They have been a seller from the mid 20s. The way the position was exited was painful and not the way many would have done it. Anyway that selling is over now. SSH out this am. Superlife now holds 0.000000%.
Summary for BNP Paribas Nominees (NZ) Limited and Smartshares Limited For last disclosure,— (a) total number held in class: 24,885,576 (b) total in class: 431,914,620 (c) total percentage held in class: 5.762% For current holding after ceasing to have substantial holding,— (a) total number held in class: 0 (b) total in class: 431,914,620 (c) total percentage held in class: 0.000% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: On-market sale by Smartshares Limited as manager of SuperLife Invest, of 24,885,576 ordinary shares, for a total consideration of $1,453,873.49, made during the period 29 September 2020 to 16 November 2020.
Tsk tsk tsk...
I don't understand the new update in announcements on the nzx for WDT
Thanks for the big help, does mean a lot...
Looks like some directors bought a few shares.
Reversing some salary sacrifices.
Positive
https://stocknessmonster.com/announc...dt.nzx-364028/
Any chance WDT starts paying any dividends...
Off its .07 base , today @ .072 is there price growth Afoot ?
In the current market conditions(both COVID and the broader NZX),WDT is cheap....NZherald article is saying that it clocked 5% growth...
https://www.nzherald.co.nz/business/...nel=lcp-926957
Some decent buy side that I've seen in a while....
The big iwi bee company here at Ohakune puts pressure pads under its remote helicoptered-in hives to measure their increase weight, letting the bee-keeper know when the supers are full of honey, while weight drop indicates wasp attacks or disease. A microwave link connected the hives to the honey factory. I don't know if they are accessible on the internet yet. I'll stop by and ask the guys.
sellers seem to have evaporated - just need the sharsies minnows to clean up the scraps below 10c
Man someone is buying up...
Slow and steady does it .093 atm.
Yes, Ricky. Price has been going up steadily since the acting Chair John Mahon added more than 7 m shares to his portfolio last November.
An other positive in my mind is that 5 insiders participated in the last capital raise.
I would not be surprised if we are having the beginning of a turnaround story.
Share Price is increasing on larger than usual volume as are gross margins. However the revenue was negatively affected by covid
Next few reports should be interesting.
Why does it matter to you what I post? I was happy with my entry and happy with the recent sp rise. I enjoy reading what most people have to say on here but if they say something I'm not interested in or I disagree with there view I don't feel like I have to tell them. Are you a holder
Yes, I hold, from the time of the last cap raise. It matters to me in the same way I feel about people with big bore exhaust pipes. Except here I get to say how I feel to them.