Now we know why the new CEO hasn't bought any stock in the market, unlike the previous CEO and many of the exec. team
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Now we know why the new CEO hasn't bought any stock in the market, unlike the previous CEO and many of the exec. team
At $0.15 as it is now, the market cap is the same as the annual revenue accoridng to Reuters. Interesting coincidence. Can't be bothered working out if that's good or bad. Certaintly different to PEB.
See David Darling (former PEB CEO) recently purchased additional PEB in the market
Just saying
He didn't buy anyway ....they were a 'Non-cash consideration, being in recognition of the Subscriber's performance as an employee of the Company in lieu of a bonus and in addition to the Subscriber's previous salary (being a short term incentive payment from the previous year and a retirement payment)'
What’s up with wdt share price
Down 8% to 12 cents today
B/c not many are interested in small caps at the moment W69 ?
Particularly ones that are just getting traction
"Microsoft has held up comparatively well, down 22% year-to-date while the likes of Amazon (AMZN) is down 38% over the same period."
"Last month, Microsoft announced a new partnership with the Kraft Heinz Company (KHC) that will see it leverage Azure's IoT and AI capabilities to build a first-of-its-kind Supply Chain Control Tower that "will provide real-time visibility into plant operations and automation of its supply chain distribution across Kraft Heinz's 85 product categories.""
https://seekingalpha.com/article/451...erm=must_reads
Only $25m in tax losses can be recognized.
BUT this is a ripper result & outlook.
If investors don't recognize this near term then ugh, TO on the cards in next few years ,hopefully when all tax losses chewed up
https://stocknessmonster.com/announc...dt.nzx-392695/
To compare to PEB is a sick joke :)
At the ASM Keith Oliver, who was standing for re-election, was asked why he doesn’t own shares.
His response was he believes at least one Director should represent the stakeholders other than shareholders, so it is appropriate that that person doesn’t hold shares.
I agree totally …..Keith has no vested interest (ie truly independent) and will do what’s best for everybody
Yeah right..lol.
WDT will remain on my avoid list.
I take it John Scott hold shares in WDT.
Resolution 1 - That John Scott be re-elected as a director of the Company
Number of votes cast
For 214,427,380
Against 25,795
Abstain 6,488,049
Resolution 2 - That Keith Oliver be re-elected as a director of the Company
Number of votes cast
For 188,084,858
Against 25,818,317
Abstain 7,038,049
"the appointment of Rami Elbeltagi as Vice President of Engineering. Rami joins Wellington from Fisher and Paykel Appliances where he most recently held the role of Group Chief Engineer. Rami will start with Wellington in October.
Rami’s career includes starting his own digital business, and roles of increased responsibility at Compac Sorting Equipment and Fisher & Paykel Appliances. Rami has a master’s degrees in business administration (MBA) and in mechatronics (ME) and is PMP certified. "
https://stocknessmonster.com/announc...dt.nzx-395886/
The little motor that can?
Nearly back up to MA100 on some good volume.
Something in the wind?
ACC buying
Iress monthly NZCSD shareholder list shows (from share registries) shows ACC increasing WDT holding from 6m to 1209913 shares during July
For those a little bit new to investing, as the ACC shareholding is less than 5% of the issued capital shares on issue, no disclosure is required of ACC (their holding represents 1.38%)
So the assertion my post was speculative was rather amateurish
Not sure who should be pressing the report post button?
Thanks Wai Wai
Yes great service about $1k per month
Typo clearly to those with a bit of intellect
ACC went from 6m to 7.2m an increase of 1.2 m
None so blind as those who do not want to see
Just wanted the correct numbers, not the ad hominem.
Up through 120 DMA, just need a bit more volume to be convincing?
Wellington signals FY guidance towards the top end of range - NZX, New Zealand’s Exchange
Wellington Drive Technologies, a leading provider of Internet of Things (IoT) solutions and energy-efficient motors to the retail food and beverage industry, is releasing its half-year results for the six months ending 30 June 2022.
• H1 FY22 Revenue: $31.9 million, up 4.4% on H1 FY21
• H1 FY22 EBITDA: -$0.6 million, down from $1.8m in H1 FY21
• H1 FY22 Pre-tax result -$1.9 million, compared to +$0.6 million in H1 FY21
• Full-year guidance reconfirmed at EBITDA $3.5 – $4.5 million
Also proposing name change to something unpronouceable. Good luck with the marketing.
so Wellington Drive expects three very large revenue months in the last quarter and, if successful, will be towards the top end of its guidance.
Bold statement ..... hope they already know this will happen or else they lose credibility for ever
new name AoFrio
AO | MĀORI FOR WORLD and FRIO | SPANISH FOR COLD
Like it
Like Plexure hopefully all reference to the past will be lost and they can start afresh
Given the massive move to heat pumps that is going to happen in Europe over the next few years with markets like Germany looking to put a heat pump into every house to get away from Natgas does WDT have much exposure to this market?
Their "strategy for growth" is on page 20: https://www.wdtl.com/wp-content/uplo...line_Final.pdf
Thought WEllington must have gone broke or something as they disappeared from my watchlist
No, they are AOF now
And the share price sinking to a 52 week low
Must be another positive announcement coming up soon
AOF ?
AOF Account Opening Form
AOF Art of Fighting (SNK video game)
AOF Articles of Faith (band)
AOF Acorn Object Format
AOF Application Object File
AOF Afrique Occidentale Française (French)
AOF Alexisonfire (band)
AOF Academy Of Finance (New York State Department of Education)
AOF Advanced Opportunity Fellowship (various organizations)
AOF American Osteopathic Foundation
AOF An Old Friend
AOF American Optometric Foundation
AOF Absolute Open Flow (Gas Well Deliverability Testing)
AOF Academy of Fellows (various organizations)
AOF Ancient Order of Foresters
AOF Arbeidernes Opplysningsforbund
AOF Azimuth of Fire (US DoD)
AOF Avon Old Farms (Avon, CT school)
AOF Australian Oilseeds Federation
AOF Angels of Fire (gaming clan)
AOF Area of Focus
AOF Army of Freshmen (band)
AOF Acorn Object Format (data storage)
AOF Association des Optométristes de France
AOF Atheists and Other Freethinkers (Sacramento, CA)
AOF American Outboard Federation
AOF Angry Old Farts (gaming community)
AOF Axis of Fun
AOF Airfield Operations Flight
AOF Arsenal of Freedom
AOF Age of Fire (game)
AOF Akha Outreach Foundation (Thailand)
AOF Accounts On File
AOF America's Opportunity Fund (Seattle, WA)
AOF Africa on Fire
AOF Aggregate Objective Function (algorithm)
AOF Alliance of Freedom (gaming clan)
AOF Anodic Oxide Film
AOF Address on File
AOF Aviation Ordnanceman Fire Control (US Navy rank)
AOF Acolytes of Fayth (gaming group)
AOF Activity, Objects, and Features
AOF Atheists of Florida, Inc.
AOF Association of Forty (Israel)
AOF Air Outlet Filter
AOF Affidavit of Forgery
SNOOPY
All good on the AoFrio front
Very positive
Seems name change is bring this company good fortune …..after so many years of bad luck
http://nzx-prod-s7fsd7f98s.s3-websit...392/382225.pdf
Do investors sit up & take notice?
"AoFrio continues to expect three very large revenue months in the last quarter. Revenue is expected to be
around $83m for the year, a 30% increase compared to the 2021 year."
"Gross Margin was 28.7% (27.8% in Q3-2021).
• EBITDA* was a breakeven result ($0.8m profit in Q3-2021). As expected, this is lower than Q3-2021
due to the increase in headcount to support strong recurring IoT revenue growth."
Yep
Expecting GP margin to head higher
And still the CEO hasn't put any of his own money in
Why why why???
Does it really matter when if things go OK and he hangs around he will end up owning a decent chunk of the business. Think that is enough of an incentive .... quite a bit on the line
From AR
Greg Balla does not participate in the Company’s STI programme. He has been issued 12,930,000 share options representing 2.99% of the Company’s ordinary shares at the time of issue. Provided he is a full-time employee at that date, 8.62 million options shall vest on 1 October 2024 and may be exercised within 18 months following 1 October 2024 at an exercise price of 9.1 cents per share. Provided he is a full-time employee on 1 October 2025, a further 4.31 million options shall vest on 1 October 2025 and may be exercised within 18 months of that date at an exercise price
of 11.5 cents per share.
A lot to like
https://stocknessmonster.com/announc...of.nzx-405517/
"“IoT products grew by 47% to make up 50% of 2022 revenue, compared to 39% in 2021"
"FY23 Outlook
Operating plans and financial budget for 2023 has been approved by the directors. The business is
forecasting revenue growth exceeding 30% in FY23, trending AoFrio towards becoming a NZ$100 million
revenue company. EBITDA is expected to be around $3.5 million. The forecasts assume a US$ / NZ$ rate of
0.6445.
“Our 2023 business plan leverages our current product range (Connect SCS, ECR motors) to new
customers, as well as recently developed products (Network Pro and Connect Monitor) and new products
under development for existing and adjacent markets (bottle coolers, ice cream, food service, beer, medical).
“To achieve this revenue growth, we are investing in new product development and the addition of specialist
skilled people. Operating costs as a result increase by $6 million. The 2023 budget also includes capital
expenditure of $2.5 million. All investments will be funded out of operating cash flows,” says Balla"
Interesting how SP & number of shares ? traded has been elevated in prior week before announcement!
https://stocknessmonster.com/charts/aof.nzx/
Good stuff eh Kiora
Don't make much money do they for all that outstanding effort - suppose retained losses of $113m will increase a bit more
Must piss a few off when full year ebitda guidance that started off at nearly $5m and then reduced to $2.5m-$3.0m and then going to end up at $1.5m.
Wonder where the FY23 guidance of $3.5m will end up?
I dont mind a company running loses during the start up phase but come on this company has been at it since 1986- going to do $100m revenue all for nothing?
whats the point. their customers must be laughing all the way to the bank getting the product or service at cost
Another year passes and another ‘pleasing’ result
On track to $100m revenues
Wonder if they will be npbt positive by then
http://nzx-prod-s7fsd7f98s.s3-websit...351/389454.pdf
Wonder how many tune in
http://nzx-prod-s7fsd7f98s.s3-websit...174/390507.pdf
Well the presentation to investors didn’t help the share price
Made a loss in Q123 but things going well as this is F23 guidance -
AoFrio is maintaining its 2023 guidance with forecast revenue growth expected to exceed 30%, trending towards NZ$100 million in revenue. EBITDA is expected to be around $3.5 million. Based on forecast cashflows the Company is sufficiently funded to execute its current business plans and is planning to fund growth internally.
http://nzx-prod-s7fsd7f98s.s3-websit...707/393516.pdf
No worries
We hope ?
Growth in IOT & margins has to be good for them.
Every quarterly report seems say something about customers overstocking or otherwise delaying orders until the next quarter, thereby excusing lower revenue than expected.
Revenue Q4 22 was $24.3m and just $14.7 for this Q. A very long way to go to achieve even a 'trend towards $100m revenue on 2023'
Got to be in to win
"The global Internet of Things (IoT) market is projected to grow from $662.21 billion in 2023 to $3,352.97 billion by 2030, at a CAGR of 26.1%... Read More at:- https://www.fortunebusinessinsights.com/industry-reports/internet-of-things-iot-market-100307"
https://www.fortunebusinessinsights....-market-100307
NBT
"“We have made great progress on our product roadmap and are expecting to launch a new cellular
controller, a SCS controller that has cellular communication embedded in the device. This is vital for our
market entry strategy for North America and Europe. We will also launch a 25 watt motor which will allow us
to take share in the food retail market.”"
Jeez AOF share price down to 7.5 cents
Probably been lower some before in distant past but 7.5 cents is pretty bad
Mkt cap about $30m and sales ‘trending to $100m’
You’d think that would get punters excited and be in boots and all
Consistent with 18 month trend though, which matters to some people. Good to get some volume out of the way late yesterday.
Harbour Asset Management hanging over market
Another capital raise could also be just around the corner....
http://nzx-prod-s7fsd7f98s.s3-websit...235/397925.pdf
CEO buying shares!!!
From Rules of Staff Trading in Aofrio Securities.
In particular, trades may not be made until one trading day (being 24 hours from one
trading day to the next trading day) after the announcement of the annual results or half-yearly
results.
Hi Winner it seems that the closed period of insider trading for this company is minimal.
Seems like no closed trading period for insiders after financial year is finished as long as no material information is available which has not already be notified to the market.
Jesus has this company ever made money for any investor? I was briefly a WDT shareholder 20 or so years ago and have followed them ever since but it just seems disappointment after disappointment:
Metric (NZ$m) H1 FY23 H1 FY22 Variance
Revenue 30.1 31.9 (1.8)
IoT Revenue 17.1 16.3 0.8
Motors & Fans Revenue 13.0 15.6 (2.6)
Gross Margin % 30.3% 26.6% 3.7pp
EBITDA (0.7) (0.6) (0.1)
Profit / (Loss) (2.6) (1.9) (0.7)
Financial performance for H1 FY23 was broadly consistent with H1 FY22. It
reflected the global economic uncertainty impacting customers, including the
residual effects from global supply chain issues that have lasted longer than
expected. Meaningful improvement in trading conditions now seems unlikely
until Q4 FY23 and it is therefore appropriate to update our FY23 guidance.
We now expect FY23 revenue to be similar to FY22 and for EBITDA to be around
$2.5 million, which is 50% ahead of FY22, although down from prior guidance
of around $3.5 million. Some risk remains that the improvement in market
conditions may be delayed until FY24 and the Company will update its
projections and guidance as it progresses further through FY23.
Duplicated somehow
Important bit is this -
We now expect FY23 revenue to be similar to FY22 and for EBITDA to be around
$2.5 million, which is 50% ahead of FY22, although down from prior guidance of around $3.5 million.
Another year of losing money coming up. ……one year they will get lucky
Negative EBITA is bad but debt is low so this is mostly costs related to motor manufacturing. Would be nice to see more but with IOT now about 50% of revenue that's positive for the future.
And share price down to 7 cents ….that’s pretty dismal for holders
BUY SELL OR HOLD …..
……..or just POINTLESS
Found this the other day -
Investors can choose to BUY SELL HOLD a stock.
Well I met a company that looks cheap so isn’t a sell. The Biz is challenged & has no near term growth prospects so not a buy. It doesn’t pay a divvy so no point holding either.
So I’ve created a new category called POINTLESS
So they've had to extend the bank credit to 8 million for 3 months. They have 3 million in cash. What happens in less than 3 months and the bank doesn't extend again? That's right folks, next capital raise on the way, may be they are even putting the paperwork together.
Might explain why the SP is heading south.
Yesterday's q3 update had messaging you would be interested in. Such as "AOF expects to finish the year with a solid cash position and minimal use of its bank finance facility" and "AOF remains confident it can internally fund and deliver improved performance in FY24."
With FY23 revenue forecast at $65m and a capital value of $26m, perhaps someday the margins will improve to the dramatic benefit of shareholders. But until then...
For those with spare change?
Always painting a rosy future !
Company Update
AoFrio is excited to announce the launch of two new products – the Network Pro One cellular solution and ECR 2 26W Motor.
https://www.aofrio.com/solutions/cel...ource=hs_email
Wellington ECR motors
https://www.aofrio.com/solutions/ecr...ource=hs_email
Company Update
AoFrio is excited to announce the launch of two new products – the Network Pro One cellular solution and ECR 2 26W Motor.
NetWork1.5
Network Pro One: Unlock the Power of Connectivity
With Network Pro One, we're bringing your assets into the digital age. It offers single asset connectivity, granting you control of and insights into your cooling systems. Whether you need remote access, geo-location tracking, or daily data collection, Network Pro One has got you covered.
Wellington ECR 2 26W Motor: More Power, More Efficiency
The Wellington ECR 2 26W motor is our most powerful motor yet and is designed for evaporator and condenser applications in bottler coolers and supermarket displays. The motor helps achieve improved efficiency, reducing costs and has a universal voltage providing flexibility in installation with lower environmental impact.
ECR226W
AIBlog
Industry Focus
AI already knows more about your commercial refrigerator than you
The future of commercial refrigeration certainly includes AI. We are seeing AI reshaping the way businesses are managing and monitoring their commercial refrigeration fleets, making it possible to respond faster to changing conditions while remaining cost-effective. Predictive technology and AI are helping customers to streamline operations and achieve more proactive fleet management.
Read more
Product Spotlight
Six software principles unlocking value for commercial refrigeration
Here at AoFrio, we understand the importance of connectivity for our customers. It helps them optimise their refrigeration hardware and reduce inefficiencies and costs including power use, locating and recovering assets, unscheduled maintenance and restocking. Read this article to find out how AoFrio builds systems that enable our customers and partners to make informed decisions on their fleet management.
Read more
SixP
15MECR
Whitepaper
Building a giant: Wellington ECR Motors surpass 15 million sales
As we celebrate our monumental achievement of 15 million motors sold, we share the incredible journey of innovation and technology behind the creation of AoFrio's market-leading Wellington ECR motors. Read the whitepaper to learn more about this journey.
I see AOF have subtly mention SaaS in their recent announcement
Hey let’s value as a SaaS company eh
These have seen a nice recovery lately. Perhaps you are right Winner but in addition there's been the mutterings from the new PM that he will seek a free trade agreement with India. Now that would help! Mind you Mahutu said it would be a waste of time trying anything so encouraging.
Share price been heading south again.
What's up?
I still wouldn't rule out a capital raise.
The NZSA Auckland Branch company visit to AOF's premises in Appollo Drive, North Shore, earlier in the week was quite well attended, and I noticed Oliver was one attendee on that occasion. These are always enlightening and you usually get an in-person presentation from the CEO and CFO as on this occasion which guides understanding better than just a slideshow or simple read of material in my opinion.
They were commendably upfront in a recent NZX announcement about the risk of breaching one banking covenant, but I inferred that actually isn't a problem currently and I very much doubt it would be apt to attempt a capital raise given the current share price and understood that it isn't under consideration - if that helps?
And I did suggest a 1 for 10 share consolidation but that isn't a priority just now. I was told they had a share register cleanout of around 1800 holders that didn't reach the marketable parcel value threshold a year or so ago.
Quite proud this is a NZ company, even though its manufacturing base is offshore - Vietnam and Mexico mostly.
I don't know how to rename/retitle this thread this thread but that should be someones objective.
AoFrio being touted as next NZX takeover target
Seems Mike Daniel wants out
https://businessdesk.co.nz/article/m...akeover-target
Prob paywall
AFo/WDT was the child of Ray Thompson who championed it in the mid 1980's , so far despite it checkered history and massive financial support from instos, family and diehard share holders it doesnt seen to have cracked it despite its business model and perseverance , so is there someone out there that knows better than history. ( Ive been on board since the mid 90's as I knew Ray.) and wait with much interest along with the poor suffering S Hers. !!
That Mike Daniel pretty good at getting media to start speculating about takeovers ……put a rocket under AOF today
SP has been a rollercoaster.Plenty of upside? Time will tell
https://stocknessmonster.com/charts/aof.nzx/
Did anyone log into todays headsup ?
Inspirational
Very close!
Comment removed.
Really need to crank up the IOT
"Q1 Improved Trading Performance and FY2024 Guidance Maintained"
https://stocknessmonster.com/announc...of.nzx-429947/
They're sounding quite excited
"AoFrio Annual Shareholder Meeting
May 29, 2024 Meeting Address"
http://nzx-prod-s7fsd7f98s.s3-websit...983/419788.pdf
And Jarden pops up
https://stocknessmonster.com/announc...of.nzx-430375/
I inherited some of these poorly performing shares from my father and I suspect I will be bequeathing them to my children and they can wait for the company to hit the jackpot.