Milford can only spend another $10 mill on wyn before they make a takeover which won't be the case. They will accumulate a substantial holding for the medium term. They are a lot more researched than me so I'm sure they buy into the future story.
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Milford can only spend another $10 mill on wyn before they make a takeover which won't be the case. They will accumulate a substantial holding for the medium term. They are a lot more researched than me so I'm sure they buy into the future story.
Yes I've been researching this company at work (retail is so slow) and it certainly needs time to digest it all. But I'm positive about their future. They have a great team on board. And yes I have taken a punt and bought. A calculated risk. Why didn't that group ever put their stuff on CD Kal -Q-Lated Risk ?
Has anyone else stumbled across this announcement?
https://wynyardgroup.com/wynyard-joi...rity-alliance/
Yes saw that last night. These guys are onto it.
Kept meaning to post it but kept forgetting. Very smart play by all of them. Will reduce their sales costs (office overheads) and should hopefully leverage some good relationships. Endace has done very well at getting big contracts and I assume the other 2 have as well. Very positive.
Interesting! Is it your understanding that the alliance is more about having a common outlet to offer their services / keep overheads down, rather than some sort of product integration between the partners?
I very much like the sound of the office being in Washington, targeting big defence contracts no doubt.
Also, I've never heard of them but the website says Gallagher was founded in 1938 and HQ is in Hamilton, does anyone know anything about them?
I assume it is a central sales office only, no integration.
Wasington base is great for government contracts.
Never heard of Gallagher? Great NZ success story but not much in the media as family owned (I think). Any farmer should know them -they invented the electric fence (the modern day one anyway). Think of them as perimeter security (military/prison/cows)
This is the same Gallagher who invented the electric fence, so "most of New Zealand":
http://bit.ly/14JkOig
(no offence intended, just having a little play)
Gallaghers has been around forever in NZ terms and is a big employer in the Waikato. They have a big black office building that stands all on its own out in the industrial level on the bypass road through Hamilton near the lake. Bill Gallagher is a hell of a nice guy and very on to it and as I understand it the executive team are all pretty sharp as well.
As a bit of trivia Bill and his wife...actually mostly his wife, have built a giant French style chateau next to the Hamilton Lake near the Waikato Hospital. It is truly horrendous and has a giant pool and indoor 10 pin bowling alley. Its worth driving by to have a look but you get a good view from the lake walkway.
Like all great NZ inventions, this was designed out of necessity:
An early application of the electric fence was developed in 1936–1937 by New Zealand inventor Bill Gallagher. Built from a car ignition coil and a magneto set, Gallagher used the device to keep his horse from scratching itself against his car. Gallagher later started the Gallagher Group to improve and market the design.
Source: wikipedia
None taken! I only had a brief look at the STA website blurb so I definitely should've done a better job of researching it myself.
As to it being a household name, that might possibly be a bit before my time ;)
Cheers for the insights CJ/Toasty.
Despite what sounds like wife's poor taste in a private retirement village, the company sounds to be perfect company for WYN to keep in D.C. !
Good article in the nz herald today nothing major or new but reading between the lines they are just getting started.
http://www.stuff.co.nz/business/indu...-Rail-contract
Didn't realize their products extended to railways!
Been keeping an eye out on Wynyard, is this going to do a SLI, once it breaks through the resistance level of $1.3?
Can see it get to $1.5 when it breaks through $1.3...
Doing the ground work & looking good baller. .
Um isn't this company technically insolvent?
Assets 43.4m liabilities 44.3m.
Current assets 6.3m current liabilities 7.3m.
Unless things have changed since balance date, surely it needs to raise more money soon.
Things have changed bunter since balance date.
IPO was in July see article below.
ALLOT: WYN: Wynyard Group Limited Allotment of Securities 09:03a.m.
WYN
19/07/2013 09:03
ALLOT
REL: 0903 HRS Wynyard Group Limited
ALLOT: WYN: Wynyard Group Limited Allotment of Securities
18 July 2013
Listed Company Relations
?NZX Limited
?WELLINGTON
By e-mail: announce@nzx.com
NOTIFICATION OF ALLOTMENT OF SECURITIES
For the purposes of Listing Rule 7.12.1, Wynyard Group Limited advises the
following securities have been issued on 18 July 2013:
a Class of security ordinary shares
ISIN NZ WYNE0001S2
b Number issued 56,521,739
c Nominal value Not applicable
Issue Price NZ$1.15 per share
d Payment in cash Yes
e Amount paid up Fully paid
f Percentage of class of securities 55% (being 56,521,739 out of 102,567,777
ordinary shares)
g Reason for issue Under initial public offering
h Authority for issue Directors' resolution dated 18 July 2013
i Terms of issue The shares rank pari passu with the existing ordinary shares
j Number of securities in existence after issue 102,567,777 ordinary shares,
2,496,000 redeemable ordinary shares and 2,304,000 options. The redeemable
ordinary shares and the options will not be listed.
k Treasury stock not applicable
Yours faithfully
?Murray Horn?
Director
NOTIFICATION OF ALLOTMENT OF SECURITIES
So the first 6 months is in and annual turnover projections are the same.
Thoughts please ?
I'm focusing on their 4 point global expansion plan. Give them time. A new company, great innovative products, top management & staff.
Yes that's a nice dip. Wonder why.
From what I have read also, this is going to be a world class company and just getting off the ground. Patience is a virtue. Great product and a fantastic team.
Hammer reversal pattern is happening with wynyard right now..
Yup it was definitely a downtrend from 1.29 to 1.20 then confirmation from the past 2 days... think it will go to at least 1.30, don't know if hammer bullish reversal normally creates a new high though?
Oh wow, so SLI had a hammer as well? But no confirmation yet? as the next 2 days have closed lower...
Man never knew TA trading can be so accurate, when SLI went to all high of 2.50, had a shooting star, then went south afterwards...
Our hammer is not very bullish is it moosie? man what is up with the depth chart...
Just leave it, and SLI, alone, moosie.
Neither need the enthusiastic moosie kiss of death.
Best Wishes
Paper Tiger
Disc: have dabbled.
could even go higher than $1.30 but who knows, SLI went to $2.50! lol
You might be right on the money moosie, so much for the hammer though lol!
Long termer here as well. It may not be widely known but these guys are part of the 5 Eyes network. That info may have been in the prospectus but don't recall seeing it.
The United Kingdom – United States of America Agreement (UKUSA, /juːkuːˈsɑː/ ew-koo-SAH)[1][2] is a multilateral agreement for cooperation in signals intelligence between the United Kingdom, the United States, Canada, Australia, and New Zealand. The alliance of intelligence operations is also known as Five Eyes (FVEY).[3][4][5] It was first signed in March 1946 by the United Kingdom and the United States and later extended to encompass the three Commonwealth realms of Canada, Australia and New Zealand. The UKUSA Agreement was a follow-up of the 1943 BRUSA Agreement, the World War II agreement on cooperation over intelligence matters.[6] This was a secret treaty, allegedly so secret that it was kept secret from the Australian Prime Ministers until 1973.[citation needed]
The agreement established an alliance of five English-speaking countries for the purpose of sharing intelligence, especially signals intelligence. It formalized the intelligence sharing agreement in the Atlantic Charter, signed in 1941, before the entry of the U.S. into the conflic
I'm starting to think Wynyard can be a good long term hold, I agree with someone indicating it is more like Dil rather than a xro. They are definitely doing the ground work it seems.
OFFICE: WYN: Wynyard Announces Strategic Appointments in Growth Markets
WYN
27/09/2013 09:31
OFFICE
REL: 0931 HRS Wynyard Group Limited
OFFICE: WYN: Wynyard Announces Strategic Appointments in Growth Markets
Wynyard Group (NZX:WYN), the specialists in software for protecting companies
and countries from threat, crime and corruption, continues to expand its
global workforce and footprint. Today, Wynyard announced a number of key
strategic appointments in Australia, USA, UK and Asia.
As part of its global growth plan, Wynyard has doubled its global sales force
this year as it aggressively executes a plan to deliver on key growth and
customer service milestones.
This latest recruitment round sees Wynyard Group bolstering its global
Government and Financial Services sales capability with six senior sales
appointments.
In the United Kingdom, Wynyard has recruited Stephen Gorman as Sales Director
Government. Gorman brings extensive risk management and intelligence
technology knowledge of the UK public sector.
In the United States, Wynyard has made three key appointments. Kyle Lamborn
has been appointed Director of Federal and State Programs based in Washington
DC. Lamborn has a deep knowledge of the US government sector for fraud and
compliance solutions. Wynyard has also recruited Tim Rush and Mark Kusiak as
sales Directors for the west coast and mid-west respectively. Rush and Kusiak
are both seasoned sales executives with financial services sector experience
in banking, insurance and capital markets.
In Australia, Wynyard has appointed Barney Mulcare, who has a 30 history of
delivering technology solutions to Government agencies and joins the team as
Sales Director Government.
Wynyard has also appointed highly respected and ex-law enforcement advisor
Mike Cavanagh to manage growth opportunities in Asia. Cavanagh has been
appointed Sales Director for Asia and will be based in Bangkok, close to
Wynyard's established law enforcement customer base in the region.
Wynyard Managing Director, Craig Richardson, said the sales team had been
recruited from the ranks of well known multi-national software and services
companies bringing strong industry experience and networks across a Wynyard's
target government, financial services and critical infrastructure markets.
"We are delighted that such a high calibre and well-respected group of people
have chosen to lead Wynyard Group's growth.
"Wynyard has attracted some of the world's leading industry experts, data
scientists and software engineers and we are pleased to have such great new
talent join us to help execute our growth plan, expand our customer base and
deliver exceptional customer service."
Wynyard has a clear four-step global growth plan focused on expanding its
customer base through rapid innovation, extending its global direct sales and
partner distribution network and leveraging its specialisation in crime
science.
They have a good team in place, not sure if they are "world leading" but did a quick search on them and they have a lot of experience in their field, so that's a good thing...
Milford asset have snapped another percent of wyn, the smart money is slowly creeping up their stakes.
Whats going on with Wynyard? not having a happy time
Moosies right - traders getting bored and moving their money out. FA (and TA) will wait for the next bit of news before buying in.
I certainly expected this. Moosie is right. Short termers get impatient very quickly. It takes time to build a global company so expect the downtrend. A great buying opportunity for those that can see the potential & are willing to be patient.
yes - I considered the impact of Xero -WYN been drifting down for last 6-8 weeks on quite low volumes
Traders moving out presents a chance to accumulate for longer-term investors. Milford buying is always (well, usually) good for confidence. For someone wanting a 'minor' investment, probably best waiting for signs of an upturn before buying in.
nice little traction for wyn, finally...
Nice new website - www.wynyardgroup.com
(Well, new since last time I looked anyway. I like the new brand and layout).
The videos they have on youtube are dam interesting on how some of their software works.
New announcement: https://www.nzx.com/companies/WYN/announcements/243963
Been snooping around the forums for a while now (following the surges of XRO and PEB with great interest) and this is my first post. WYN has been on my watchlist since the beginning. Can someone with a bit more insight/experience than me provide comment on this? I.e. does this change the outlook for this company? This seems to be their first bit of news for a while.
Welcome traderade, it is good that you have stopped Snoopying and started posting.
I hold a few WYN shares in the speculative portfolio (i.e. very high risk of losing a lot of money on any individual stock).
I guess this suggests that this does represent bringing the growth curve of the company forward and that by whatever metrics you use to value the company that value should rise.
Best Wishes
Paper Tiger
Thanks for bringing that to our attention traderade. Yes indeed that's great news. Things are obviously progressing very well. I was wondering about lack of news lately but said to myself only yesterday that they are working hard and the good news will come in due course with patience. Disc. Holding.
You can follow their CEO on Twitter. He seems to be getting around doing business.
It should be seen as positive as it means that their sales program is going well and ahead of schedule. This was tappered by the fact it wont flow into this years results (guidance re-affirmed) which then puts it back were it was = what are the chances that it can grow sales.
Edit: lets put it this way; I am alot happier with WYN market cap compared to GEO.
Thanks Harvey. I'm looking forward to watching this well respected company grow into a truly global business. I'm in awe at the calibre of people they have on board and wish Craig Richardson & his team all the best.
Nonetheless not having a great day today...
There was a small article in our local paper this week and I guess it may have been in the national papers as well that had the headline "Wynyard Loss Widens" I felt that was a bit unjustified as they are ramping things up a notch or two and have expended a bit more to do that in this years budget.
"Wynyard’s board has approved an additional expenditure of $1 million to $1.5 million in new business development initiatives in 2013. Wynyard will bring forward recruitment of new sales and professional services staff to manage next year’s growing sales pipeline in Australia, Asia, United States and the United Kingdom.
Oh dear check out today's price, buying op for someone out other?
GENERAL: WYN: Galadari Brothers adopts Wynyard risk solution
WYN
26/11/2013 08:30
GENERAL
REL: 0830 HRS Wynyard Group Limited
GENERAL: WYN: Galadari Brothers adopts Wynyard risk solution
Wynyard Group sees momentum in the Middle East with latest UAE win
Galadari Brothers adopts Wynyard risk solution
UAE and AUCKLAND, 25 November 2013 - Wynyard Group (NZX:WYN), a leading
provider of threat assessment and advanced crime analytics software announced
a new client partnership with Galadari Brothers - a leading UAE business
conglomerate with growing business interests in the Gulf Cooperation Council,
Asia and Australia.
The Galadari Brothers Group of Companies, which operates in sectors including
retail, automobiles, heavy equipment, industrial trading, media, engineering,
hospitality and real estate, has selected Wynyard software to manage audit,
risk and compliance.
Building on Wynyard's fast-growing Middle East customer-base, the deal
follows a number of other recent wins for Wynyard among local businesses
attracted by Wynyard's commitment to understanding their challenges and
ability to rapidly deliver modular, easy-to-use solutions.
Group Internal Audit Head at Galadari Brothers, Ghassan Khair, said that
internal audit management is becoming increasingly challenging, given the
growing complexity and diversity of businesses, in addition to the types and
frequency of audits that need to be conducted.
"Point solutions and spreadsheet-based systems are no longer suitable for
effectively managing the internal audit function. Using technology is the
only option to meet these challenges.
"The Chairman and Audit committee of Galadari Group recognise the need and
importance of the use of technology to enhance the audit and risk management
of the Group as per best practice and strongly support the initiatives of
implementing the suitable system to meet these objectives.
"Wynyard's solution will support the complete spectrum of audit and risk
management in a single platform, and will automate the risk assessment and
audit processes such as planning, execution, reporting, monitoring and
compliance." he concludes.
Wynyard's risk solution is highly configurable and delivers the risk
management framework to integrate audit, corporate governance and regulatory
compliance management with business and strategic objectives.
Galadari Brothers evaluated other specialist risk management software before
selecting Wynyard Group.
Wynyard Group Managing Director, Craig Richardson, said Galadari Brothers
decision to entrust Wynyard to deliver its Audit, Risk and Compliance needs
is testament to Wynyard's ability to effectively address the challenges
organisations face in managing the growing complexity of their obligations in
the audit, operational risk and compliance environment.
"Wynyard has a strong track record of working in successful partnerships with
its Middle East clients to deliver robust solutions that help them address
the business challenges they face.
"In every sector and market we see laws and regulations increasing and
changing to better protect investors and institutions from risks, financial
crime and corruption.
"Galadari Brothers is leading the way in selecting software tools to ensure
best practice compliance with the laws and regulations and show transparency
in corporate governance."
Excellent news. Wynyard are one of the few companies in the world with an extensive portfolio of software solutions to help fight crime. They won the Most Innovative Hi-Tech Software product Award earlier this year. Selected by a panel of 56 judges - 12 of them international judges. Good going guys. Disc: Holding.
Only within NZ they won this award, not globally correct?
Had a look at their report, it almost seems that the large costs being dettached from Jade (financially) look to have a strong path ahead. Will keep an eye on the price over the next week or two and grab a small portion.
Their report, website and offering look very professional in comparision to other NZ based cloud organisations.
The reasons I hold Wynyard are (in no particular order):
- to vicariously live my childhood dream of being a crime-fighting superhero
- to pick up chicks by talking about the mysterious international anti-crime unit that I'm a part owner of
- prospect of a financial return
Yes only in NZ fiasco. If you look through their news items they have and ARE employing some seriously experienced people with backgrounds in fighting crime. They are also only working in billion dollar markets according to a video I watched that Craig Richardson gave. It's on youtube.
I'm a little perplexed. Are they going to announce every sale they make. If this was special/significant, shouldn't they have set out why in terms of size of contract etc. Just because it is a big group of companies doesn't mean the sale is big.
All in all, they seem to be progressing well.
Edit: as an example, Xero doesn't do an announcement when they sign a new accounting firm but they did with Deloitte's, as everyone knows it is one of the Big 4 and that will bring a certain scale.
Wynyard in the news again. Signed another contract. https://www.nzx.com/companies/WYN000...cements/244553
https://twitter.com/richardsoncp/sta...99039891197952
Edit: just remember the people do read these threads. In this case the CEO!
12 month results / Q4 not to far away now. Could be an announcement end of Jan or early Feb. Correct me if I'm wrong.
The SP has been getting hammered lately! dammit, oh well..
maybe we need to have some faith in this co, and patience. Volumes are not large. Good buying op for the keen one.
Market taking a breather I would say going into the holiday season. Newbies getting a bit nervous when the price drops like that. Also the Fed could be scaling back the QE very soon. That will have some effect no doubt. Oh well best not to look every day and go and mow the lawns or watch paint dry.
https://www.nzx.com/companies/WYN/announcements/244940
WYN continues to announce every sale they make. Interestingly it seems that Australian Customs are paying the subscripton for Thailand, who will be the users of the software. Not sure if this means the Ozzies like it and recommended it or whether they are just paying for anything that may help stop Meth getting to their borders.
I'm also holding and am very upbeat with these guys and what they are doing as I have stated before.
Yes top marks for WYN keeping the market informed. A pity more companies didn't do that.
Ive been watching their videos on youtube - from what I can see they basically look for all sorts of different connections to the security issues and filter them down to the most likely suspects. This is done however by using email threads & media etc - If the bad guys know that their company uses wynyard then what is to stop them from using more secure communication methods? Also if they havent been mentioned in the media much this is to their benefit as well. The software seems to be popular and therfore must be returning results - but i cant see how they are catching the smart crooks who are most likely the ones behind the big bucks.... Im one of the holders who doesnt really understand their product - but watching with great interest!
The absence of such information could be just as suggestive of a suspect...
Also, in terms of an airport or customs, the software may be able to reference existing information held by the client...
I'm no expert on this particular software but even things like the WIFI profile of your phone could link you up to another location, time, etc... All without the person being aware.
It's not one product, it's four. I think you're referring to the Intelligence product. Their website identifies four solutions, Risk, Investigations, Intelligence and Digital Forensics.
You have to read the news carefully to see the language used to pick which of the solutions (or combination of) were sold.
There is a PDF here that explains the products in more detail, https://wynyardgroup.com/downloads/solution/
Didn't Buffett say he never invests in anything he doesn't understand?
Thanks for the PDF will check it out. I do understand they offer different products however was just pointing out what i saw as weaknesses - albeit from an uneducated point of view.
Unfortunately Im not Buffet - but with a bit of hard work I might one day be in the same room as him (a restaurant?) but for now Im investing in a company that I see as having good growth potential in a rapidly growing market with a good sales team to boot. And fingers crossed the product actually works a lot better than what i have briefly observed!