W69, Yeh once they hit their straps should be an interesting company as they have circa $100 million of tax losses, so no tax imo for years to come.
Printable View
Market catching on atm, up 15% already.
This may be useful in the future
"A new ‘business continuity test’ allowing a company to carry forward tax losses through a change of ownership has been introduced."
https://www.interest.co.nz/business/...so-will-now-be
BB tightened, above EMA 50
Having a little play
Nice little bounce today up 7% !!
20 % !! now must be something brewing !
Share price back to pre-covid levels before we know it
eckon 20 cents on the cards soon .... and hope not a takeover
If the rules re ownership continuity change the tax losses are very attractive.
" It enables such a company to carry forward tax losses generated from the 2013/14 income year onwards, provided that certain requirements are satisfied."
https://www.interest.co.nz/business/...so-will-now-be
$116 m tax losses still in their balance sheet in Annual Report 2020
http://nzx-prod-s7fsd7f98s.s3-websit...291/341358.pdf
Hmm...things have quickly fallen back to ground, not sure what or who caused the stir last week pushing it past 12c mark, update today doesn't look very rosy.
And yet things have risen back up over 12 cents. No particular reason for the turbulence over the past few weeks from what I can see.
Major negatives as I see them:
Production issues in Vietnam.
Sourcing components continues to be a problem.
Positives:
Demand for their products has returned after a horrid 2020.
Good margins
I quadrupled my holding in early June. I have no regrets. As long as they can stay afloat over the next year or two I think they have an increasingly bright future.
Funny how Wairahi Investments Ltd keeps popping up
https://stocknessmonster.com/announc...dt.nzx-376712/
http://nzx-prod-s7fsd7f98s.s3-websit...188/333790.pdf
https://www.businesscheck.co.nz/ltd/9429041392775/
https://opencorporates.com/companies/nz/8021641
Good timing Emeage. That Mike Daniel must know a thing or two as well
Pretty tidy result
Onwards and upwards. Looking rosy with no tax to pay for a while
https://stocknessmonster.com/announc...dt.nzx-377939/
....Greg Allen doing a stupendous job at the helm by the looks of things.
Revenue climbing nicely. Vietnam back in production. I will be looking seriously at increasing my holding again based on this latest report.....not to forget they're deeply involved indirectly in the global warming business (refrigeration) and yes no tax to be paid for a very long time. Gotta be a good thing.
Greg Allen finished up at the end of March, still a director though, and yes he has done a great job in righting the ship. Let's hope the new guy who just started can continue the good work.
Can you elaborate on this? I'm not quite sure what angle you're coming from. Cheers
As a long term holder, I wonder just how they can/will grow WDT now that it is in profit ( all bit a wee one ) how do they maxamize their circumstances, small profit, positive cash flow ( for now ? ), $6 mil cash holding, large tax losses- $100 mil + , to my mind they need a business that will be a game changer for them, the question is, where will that come from and I dont think that it is inside the company at this stage ?
Come on Mike D put your hat on and get on the board!
WU
You don't think
"Connect™Monitor, launched in March, and Connect™ Network , will be launched in November"
Will be much of a game changer then?
When one off charges in latest result are considered ?
"underlying EBITDA for H1-2021 was $2.5m, a $2.0m increase over the same period last year and the
underling profit was $1.3m, a $2.7m increase".
https://stocknessmonster.com/announc...dt.nzx-377939/
They had several head winds in their latest result
WDT have had so many 'game changers' since last century I've lost count ..... but the future may be different..... there big day might come
They put this chart in the Interim Report - not that inspiring is it .....if I was them I would've been to embarrassed to publish such uninspiring stuff - esp if hyping a bright future
Inspired?
Reasonably confidant more likely as they had many head winds to contend with
"Customer demand is buoyant. As reported previously, the Company is managing several operating constraints including a tight IT labour market, supply shortages of some electronic components, increased component costs, constraints on shipping, increased shipping costs and more recently, the closure of the production line in Vietnam due to a COVID-19 closure. It is pleasing to now advise that production in Vietnam has recommenced following a temporary Government imposed COVID-19 closure. It will take a few weeks for production to be back to normal levels"
https://stocknessmonster.com/announc...dt.nzx-377939/
And they have a decent cornerstone shareholder
Was inspired back in 2015:
Outlook
After many words and phrases like strong, encouraged, improved operating performance, momentum on new product trials, new product adoption blah blah they ended with “The board and management team are increasingly confident in the new product adoption programme, channel expansion strategy and initial customer discussions on new product volumes and envisages continued revenue and profit growth”
Three million ECR2 motors sold
Pretty amazing feat selling 3 million motors and made no money in doing so
But it’s good we have better planet
This is inspiring:
… since Wellington began, the Company’s energy-efficient technology has saved over 18.6TWh of energy, equivalent to powering the global energy requirements of the world for about 6.5 hours*.
[QUOTE=winner69;905714]Three million ECR2 motors sold
Pretty amazing feat selling 3 million motors and made no money in doing so]
Very aptly put.
Remember when Rakon was trading at 1x revenue not so very long ago...just saying
12.7 1 year high and rising atm.
.....did anyone mention the 100m in tax credits today? Lol
Undervalued/uptrend and back to 26c maybe..... hopefully.?
"When brokers state their valuations?!!!"
Joke
They still haven't restated or even stated Rakon's valuation
Rakon stuck out like the boy dog's rear parcel at 25cents a couple of years ago
Just like WDT today
.14 18month high, are we there yet ?
.16 now up another 8% today, .20 here we come !
Could the combination of company performing well + trading update coming?
Take over/merger in the winds?
Go WDT, your time has finally come😃
When is another market update due?
Q3 numbers pretty amazing .... big % increases
And NPAT $3.44m better than a year ago
http://nzx-prod-s7fsd7f98s.s3-websit...690/357872.pdf
Those margins are pretty extraordinary
Does W 69 believe the story now?
Remember $100 m in tax losses to get through!
Is this off a weak base?
What's it like compared to 2019?
Never heard of this company
Founded 1986.Likely before a lot on here where born :)
https://www.wdtl.com/
Good on them. I sold out last year, couldn’t handle the wait… hopefully they have their grove on and it’s onwards and upwards from here
Looking at the morningstar numbers via ASB.
From 12/2012 to 12/2020:
- Revenue has gone from $36m to $37m
- npat from -$6m to -$2m
Standout performer was the number of shares on issue. 71m to 432m. Seems shareholders have been keeping this one afloat for not a lot of results.
Up 10% + so far today, been a good run since I posted @ .14/5 , we could be looking at a way out of the 20 year doldrums now !
Jezzz W69
Don't tell us you are on board now?
This time we hope its different :)
Quite an unsubtle accumulation going on by someone...
Pump and dump by the looks...
WDT rave about IoT
Here’s an interesting bit on the future of IoT
Mentions value creation of trillions by 2030 … trillions they say
Nice that the unluckiest company on the NZX over a couple of decades may have struck it lucky
https://www.mckinsey.com/business-fu...ure-it?cid=app
Good tail winds mentioned. Thanks for posting W 69.
Just in case others have missed it.
https://www.wdtl.com/
Couple of years back the Economist tech edition - ''Chips with everything - how the IoT will change the world''.
I think available free online but need to register.
Is this Web3 going to make the IoT redundant ……and WDT will again be unlucky.
On wards & up wards
Are you on board yet W 69?
"In 2019, Wellington presented its Vision 2023 objective of NZ$100m of revenue by FY2023. Assuming that the supply chain issues are resolved during FY2022 and the strong customer demand for our current product
range continues, the team still views this target as achievable."
https://stocknessmonster.com/announc...dt.nzx-384728/
Found it odd how they swapped between USD and NZD for their revenue and EBITDA targets in that update. Had to read more than once. Given the low margins, changes in margin would still be a bigger impact than revenue. I hold some shares, but not my breath.
Good to hear from you again Lizard .. long time no hear.
Yes switching currencies is a bit confusing ….probably they just want you to read the positive words.
Wasn’t even an upgrade …must have been worried about the share price stalling of late so put out an update.
Welcome back Hope you managed to get that house Lizard
Long term hold for them?
https://stocknessmonster.com/announc...dt.nzx-385339/
" Transfer of 55,149,807
ordinary shares via off-market trade settling on 22 December 2021.
The off-market transfer of shares was completed as part of an internal reorganisation led by
the shareholders of East West Manufacturing LLC that resulted in the creation of East West
Legacy LLC, a sister company to East West Manufacturing LLC. No cash or non-cash
consideration was provided for the transfer of the shares as part of this reorganisation. "
Creeping up again atm.19+ !
Every dog has its day.
Never an endorsement winner69, and could be as wrong as the next person.
Certainly counts towards this year's though 🎉👌
20.5 cents? Unthinkable a few months ago. A long way to go before I recoup losses from the Ross Green days, but maybe this company will actually do well. I certainly hope so for a whole number of reasons...not all of them selfish.
who covers this stock? You guys.....gosh and we were whatching this stock 1 year ago with discussion with a local day trader in auckland... We all laughed at the graph and the numbers. An the end the day the trader knew his stuff...just shows that anything can turn into a potential winner and you cant right anything off over the long term.
Going to have to eat humble pie when we next meet the trader...
Anyone got any updates on company performance/ guidance that's not disclosed via normal channels ?
P, yeh, about that time I bought 1000 RANK shares @ $21.83 ( most expensive share that Id bought up to that time ) Graham then gave a 1/10 bonus followed by a 10/1 split and a 1/7 issue @ $3.00, changed the name to Whitcoulls ,he then made a successful take over ( privatisation ) for them which resulted in them delisting.
I always wondered what would happened to them if he hadnt considering that he is now supposed to be N Z richest man !!
Does a Loss before Tax that becomes a Profit after Tax count as really making a profit.
Check the Annual Report
https://www.wdtl.com/annual-reports/annual-report-2021/
NOT WDT but IOT being useful for tech solutions
IoT deal: Spark buys minority stake in environmental monitoring firm
https://www.nzherald.co.nz/business/...NMGXSY53Q3DLY/
Adroit Partners With Spark To Provide Next-Generation IoT Solutions
https://www.scoop.co.nz/stories/BU21...-solutions.htm
That IOT sure can be useful aye Murray
https://adroit.nz/adroit-deploys-mus...ing-data-buoy/
Wellington's bad luck continues
https://stocknessmonster.com/announc...dt.nzx-390820/
Must be one of the unluckiest companies in NZ ...but a survivor
I suppose FY EBITDA guidance of $3.4m is a NPAT loss
I stopped reading when GP margin was 25% yikes