Medical or pet side.?
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HY results must be out real soon now. The first sign that WDT think they may be doing ok is when they release their results earlier than two months after the end of the HY, so it's not happening for the Jun 2012 HY. 2021? Hopefully before then.
Being a bit more serious, I'm guessing rev 21.5m +19% from a year ago, margin 14%, EBITDA -2m -53%. Second half numbers probably similar, but lower rev and higher margin, and at that rate I reckon they'll be out of cash, if they aren't already. Looks like they need to get to rev of 60m pa. if they want to break even.
I wonder how much interest companies like Skope NZ have in their motors?
With all the tedious political palaver about our getting going with an innovative knowledge economy etc etc, it has always puzzled me why e.g. WDT seems to have no NZ customers at all when there are several sizeable outfits that could reasonably use their motors to advantage. Another e.g. is Biovittoria in the news this morning with what sounded like a quite successful international business report & first profit, yet their attempt to list in NZ had to be pulled due to "lack of interest" (i was one of their frustrated intending investors). No doubt several other such e.g.s might be mentioned.
After riding with WDT all the way to date, i'm nearer to dumping them every time i read their reports about how they still have no profit after thrashing around in i've forgotten how many foreign economies, and selling a million ++ motors at uneconomic prices. Only the insiders & officeholders seem to receive any financial rewards from all that activity.
Still selling zillions of things .... 23% more
- Selling at slightly above actual cost
- Sold piles of the stuff they made last years and had on the shelves
- TURN AROUND 2012 PLAN still on track to deliver
- Still losing money but not as much as last year
- Still have a few million in the bank
Great stuff ........... share price up up and away ..... law of averages say this has to be a good year
I thought it was disappointing all round... revenues in second half going to be down more than I'd guessed due to exit from ventilation, gross margin lower than expected, corporate costs higher, cash burn higher (receivables increase), talk of yet another search for yet another "strategic partner who will invest in the business" and sounding less confident of achieving profitability in 2013, R&D scrapped...
...not sure how many companies you would find around with $107m in contributed equity and only $9m in net equity left... with market cap at $9.4m, they'd have to be more than a 10-bagger just to pay investors back for what they've put in (without interest).
... law of averages say this has to be a good year[/QUOTE]
Yeah Right.!!!
Ha! I thought there was a definite improvement here, possible turnaround "As Wellington’s operating performance stabilises."
Higher revenue, more turnover (inventory), lower cashburn.
Oh well.:mellow:
Looking for the nearest health shop to find some anti-grumpy pills ..
Sharer the only anti grumpy pill that will work with this company is Cyanide
https://www.nzx.com/files/attachments/163915.pdf
Must be another rights issue and placement coming up as cash must be just about all gone?
Still remember listening to Ross Green (ex CEO) at an investment seminar in 2004 and his assertion that WDT's move into profits was just around the corner! Have to hand it to him because he kept raising the cash and kept spending the cash too!
Can the new management do the same? That is. keep raising the cash?
So the chief money says "this represents a successful effort to monetize nonrefrigeration technology"
Good stuff .....but balance right ....good news precedes the plea for more dosh
Balance me old mate ....seems everybody wants some of the action ....up 16% today
Superlife eh
So quite a few Sharetrader members now own a bit of WDT .... the several who thinks Suoerlife is the bees knees of Kiwisaver and retirement funds
Bees knees is Comvita.
Forsyth Barr decide on those superlife investments. I wonder what they see in WDT? 2% of their NZ share portfolio between rakon & Cue and a bit in Gemino growth. Superlife have been with PEB a long time and they are starting to look ok.
Anyway from Superlife point of view 15.5 c is OK. From WDT must be a plus. And from a NZ point of view it is good that Kiwisaver funds are is supporting NZ companies long term.
Be interesting how WDT go, but to be fair it is tough for all exporters at the moment especially into Europe...