Why do you share holders not ask for ... Share consolidation.. i.e. 1 for 1000.. ??..
Do not know how many shares have been issued..
I am sure that this would be a wake up call for the largest holders..
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Why do you share holders not ask for ... Share consolidation.. i.e. 1 for 1000.. ??..
Do not know how many shares have been issued..
I am sure that this would be a wake up call for the largest holders..
Currently about 120m shares on issue.
Hello Janner.
Why would we wish to give the largest shareholders a wake-up call ?
Obviously they are not as smart as you who is not among "the large shareholders".
I admire their tenacity for sticking with the company through thick & thin (mostly thin), which is so often necessary when investing in start-up companies.
May they be well rewarded for their support.
Or is it closer to 40 years ???..
Think that they will be celebrating their centennial before any one celebrates a DIVIDEND..
Could be proven wrong.. but what a waste of time and investment so far ..
A lot of jargons - 'execution engine', 'right to grow', accelerated growth etc
Sounds to me like they are looking for more capital soon?
https://www.nzx.com/files/attachments/180514.pdf
"Over the past eighteen months Wellington has focused on improving its ‘execution-engine’ so that growth of
the business would deliver the right financial performance for stakeholders. As stated previously, Wellington
chose not to just ‘win volume to build scale’ until its ‘execution engine’ was working. This is called ‘earning
the right to grow’. Wellington’s operating and financial performance continues to improve and the Board and Management are confident that all the appropriate actions are underway to improve the execution engine
and deliver on financial promises. As result of this growing confidence, the focus is shifting to the actions and investments that will be necessary to return Wellington to a path of accelerated growth. Wellington remains on track for a positive EBITDA result in 2014."
WDT were cash flow positive H1
Maybe the execution engine is starting to fire up
This Ann will please those who love the stok ....msybec20 cents soon
I see Accumulated Losses rolled over the 100million mark
Some effort eh ....shareholders have done a great job over the years putting that much in for zilch
.....NO QUESTION THINGS ARE FINALLY FALLING INTO PLACE FOR WDT.........and not before friggn' time.....talk about a long haul and huge test of patience. I am happy to accumulate more at these low levels........you say 20c soon WINNER..........back to SIX DOLLARS AND 20c might be closer to the mark, ,,,,,,be great to get SOME of our money back!!
..........
HA LOL MOOSIE!.......HAD NONE OF THE ABOVE (unfortunately)........but it may be all the cement dust Ive been breathing today!!..........hey mate you may laugh at $6.20 but these shares were once changing hands at something around that figure........Im picking they'll be back there by Xmas (just not sure what year sorry). All joking aside Im picking WDT as the turnaround stock of the year.....all signs pointing up and backed by directors promises now.....yep it's all in writing AND i know where they live!!
.......WOW SOMEONE SHOWING MORE CONFIDENCE THAN EVEN MYSELF.......500,000 PLACED BY A BROKER IN ONE HIT........NOW WHATS THAT GUNNA BE WORTH AT $6.20??? (someones in for a nice Xmas pressy)
Take off might be hoping for too much snapiti....but I'll stand by my last post #618.
And yes, I did buy some...
:t_up:
https://www.nzx.com/companies/WDT/an...ents/241197now
Placement of shares at a premium - now that is a huge change to the usual highly discounted share placement and issue - that has got my notice.
Must have started a rush to find out ..... Nzx broken again
We've been notified about this issue and we'll take a look at it shortly.
You can try doing what you were doing again, but we probably need to fix something.
What the heck? These shares use to trade at $15??? what the heck happend to them? worse than billabong...
No nothing has happened to them.
They have been expecting to be profitable in the next 6 months to a year, for approx. 20 or 30 years now.
No the highest price they ever got to was about 60 cents [adjusted approx. $15].They just kept having cash issues,so the number of shares just kept increasing while the value [?] of the company stayed much the same.
Just thinking they must have set a world record for the number of cash issues an unprofitable company has had.
.
.......yet some more impressive news today.....directors doing as they promised....momentum now gathering.......this is just getting better and better, miss out at your peril......turnaround story for the next couple of years, so plenty of time to buy in at these low prices. Shud break thru 20c soon.......25c by years end??
Yet again Greg Allen (CEO) delivers on what he said he would do. Having been CEO for the last 18 months this guy really is the real deal (IMO). He has gone a long way to turning WDT into a real company with costs under control, margins up from (-ve) to circa 20% and Greg still states he can get 25% in 2014 and EBITDA +ve as well. So still plenty of work to do but he is proving that he delivers on what he says he will do.
Fantastic news.
I may have sold out 20 years too early !!
I doubt it BUT I would suggest that like many companies, a new CEO and a change of direction will lead WDT to a much better future than it was looking like 2 years ago. Sure go back 5, 10, 20 years and it was a dog but now??? I would suggest its time for a new theme song.
Looking at a chart and the 50 day and 200 day moving averages and the MACD ,WDT could be showing buy signals.
Number of shares on issue has increased to just over 126mil shares and at 18.7cents the market cap is now approx. $23.56 mil.
Turnover [from the half year report] is expected to be approx. $30mil to $34mil with gross margin of between 18% to 20%.
So still a very small company, with modest turnover spread over a lot of countries.
The financial returns are still negative, with a projected loss of under $3mil this year and POSSIBLE positive EBITDA in 2014.
Must be totally frank and state I find Ross Green a total turn off as far as investing in WDT is concerned.
I sat in on a presentation by him over 10 years ago and he half convinced me until he held up his hands and asked for more capital - as profitability was just around the corner! SP then would have been the equivalent of over $15.00! He was a master at raising funds to keep the company going. The fund managers fell for the 'profitability' is around the corner talk.
So I never take much heed of when the fund managers hand over more money to him and WDT.
BUT -----
East West Manufacturing handing over new capital and forming a strategic alliance - I take note!
Could be real turning point.
****************************
To me, announcement of East West Manufacturing as a Strategic Partner is however an important development.
Here we have an established industry player forming a partnership with WDT and putting money in. Presumably East West has done comprehensive real in depth due diligence (with real expertise) before doing the deal. I pay no heed to fund managers like Hunter Hall or SuperLife putting money into WDT - they are fund managers and playing the odds with other people's money.
So, time to dip the toe in?[/QUOTE]
Balance, the fact that Greg Allen has managed to get margins from -ve to circa 20% and an international investor is worth a few points.
While the RG years are a disappointment I still feel Greg is 'the real deal' and now has this company facing in the right direction.
- Commercial Refrigeration revenue for Q3 was $4.7m, $0.9m less than the $5.7m
recorded in Q3 2012 (excluding Ventilation revenues). Q3 is the company’sseasonally weakest quarter and that seasonality was worse than 2012;
- Gross Margin increased to 23%, a further improvement over the 17% in the first half
of 2013 and the 2012 margin of 14%. This result was delivered through highermargin product mix and further flow-through of existing supplier cost reductions;
- Net Profit after Tax (“NPAT”) for the period was a loss of $970,000;
- Earnings before Interest, Tax, Depreciation and Amortisation (“EBITDA”) was a loss
for the period was $841,000;
- Earnings before Interest and Tax (“EBIT”) for the period was a loss of $969,000;
- Progress in the five main priorities for 2013, which have resulted in;
o Announcement of strategic partnership with East West Manufacturing;o Launch of new FanPack product and a low power EC Motor variant;o Investing in Asia growth with a new Sales Director based in Shanghai, China.A little disappointing to see the drop in sales, but more importantly margins continue heading in the right direction which has been more the focus. There's not a lot of point having growth if you aren't making money on what you sell.
On the whole I think WDT continue heading in the right direction and will be one to watch.
So given they have said $30-$33m FY sales that means $8m plus sales at the $30m level for Q4 and they confirmed margins in Q4 of approx 23-25% means near to an actual b/e result for Q4, a good place to be going into 2014.
Snapiti if you have time, what were you expecting given they have said all year a loss of less than $3m for 2013, 18-20% margins and sales of $30-$33m all of which were confirmed today.
Thanks Snapiti, I see a company that is delivering on what it has said it will do, after yes many many years of not. New CEO continues to deliver to plan and my look at EastWest suggests to me they are the sort of partner WDT has been looking for all along.
When new CEO's deliver I like to stay around, lots of examples of this strategy being a winning one.
I agree Anna.
I think WDT can almost be split into two eras....pre and post Greg Allen....
In the relatively short time he has been there the Company has gone from losing 12mil a year down to 3.
It's one thing to have a good product as WDT does, it's another to bring it profitably to the market.
There's still a way to go, but as far as I am concerned things have never looked so good for WDT.
Now they look forward to growth, no doubt we might see another capital raising, but I think the Company will be in a position to achieve this without too much pain.
2014 is going to be interesting.
Snapiti you are right, it might look to be snails pace right now, but that's not to mean it won't fly one day soon....already up 50% from a few months ago.....
WDT on the move , its been years since there has been a slightly positive feel about this share.
.........wont be long now b4 the SP has doubled (in the last 3-6mnths). This rise is well founded in my opinion as directors promises slowly come to fruition.........but still a lot of work to do AND a lot of SP ground to make up and recover to $3sh!! (just say it quickly fellow long-termers). Finally our patience is being rewarded (by way of SP gains)......but we're really just at the cusp of a full recovery.........ALWAYS the best time to invest. STEADY IS BEST!
A friend of mine has had shares in this company for the last couple of years and I haven't been too keen to go near it given the history. But just reading a bit more this week I'm going to keep a closer eye on it. I like Greg Allen's work history and what he has done so far in turning the company in a more positive direction. For me I like to invest in top people who manage these organizations.
Shares up 25% since the update, and have doubled in the last 2 and a bit months. That's PEB/XRO performance! ;-)
There's one born every day - must have been a heap born that day.
....starting to gain a bit of traction now, but a hell of a long way to go. Im in for the long haul on this on this one as I do believe they are on the right track and lets face it, the industry/arena they operate in (ENERGY SAVINGS FOR BUSINESS) is up there towards, if not, THE No.1 global business driver........attracting MASSIVE focus throughout every level of industry. They are in the right place at the right time.........and have been for a longtime.....without profiting from it, BUT..... I think things will turn VERY POSITIVE for WDT in the near future esp. as they now finally have the right man at the helm.
Snr. Gr8day
Since Snr. Green go . Si?
Did some reading up on Greg Allen. I think they have the right man there indeed. It's going to be interesting watching them progress from now on. Disc. Holding as of today.
As light follows day, dark follows night, WDT will be taking the sp action to undertake another rights issue.
Watch for it.
Balance you are not living up to your name. The only issue might be if East/West convert the options they have at 20c. Otherwise for once I suggest you might be wrong.
......yes on that note I think we must have a very happy partner on board now (EAST WEST).....their recent investment has doubled in value, got to be pleased with that.
Anna do you know/remember how many options they have and what is the agreed conversion rate? This will no doubt happen now, giving the company yet another solid injection of capital to continue with the push forward. All looking good.
I wouldn't be surprised to see another capital raising unless east/west convert their options sometime next year.
The Company has stated they will focus on growth soon....that will cost something.
I am not at all concerned if they raise money for this.
I will be concerned if they can't maintain reasonable margins...
Greg presented to a bunch of broker's the other day (my man was there). Greg told them that the trend in margin continues to be a positive one and the East/West deal will deliver additional margin to WDT.
As I see it the first year for Greg was about right sizing WDT (he made 70+ people redundant), year two was about getting the operations/margins working (when he started margins were 2%, now well over 20%) and next year is about increased profitable sales. I agree that year three sales growth (at good margin) is the turnaround story coming home but with Greg having delivered on nearly everything to date I believe (and are invested for) a continuation of him delivering on what he says he will do.
Sp action says to me a capital raising is on the way.
My view of SP is that you are seeing the natural selling of a stock after it has risen. The company just released Q3 result which shows margins continuing to improve. Lets see how your call goes in the next month Balance, my money says there will be no CR, will be interesting to see who is right.
It's not going to happen....yet...IMO
Unless east/west have said they will not take up their options or Greg has some serious expansion planned...
I would imagine he is happy to play this reasonably conservatively at this stage given the history.
But hey, what the hell do I know...anything is possible
Yes the old guard is still there & that bothers me as well. Does Greg Allen have complete control ?
Sellers holding out at 26c today. Not many. Don't blame them either.
Back to 28 cents I see. This baby is going to come alive one day.
Oh just noticed it was only 1000 shares. Pretty small.
.....Im expecting some real good news on this one come next report. Will remain on my pick list for the 2014m comp........put on about 50/60% so far this year I think but still a long way to go.IMHO.
.......sorry just checked, put on over 100% over the last 12mnths. I'll be very surprised (and disappointed) if next year doesnt show the same gains........providing the directors continue doing as they PROMISED!!! (so far so good directors)
Yes I agree. Watched their AGM video. Not many present which is understandable. Have done much reading on the new WDT and am impressed with the direction they are now taking. Simply can't understand why Ross Green was left to ran the company so long with losses continuing to mount. This has been a very unloved company. Disc. Holding.
......Im feeling pretty confident (hopeful?) that this could all fall into place and be a nice steady earner for new shareholders at the current pricing.........they've got a lot of ground to make up before they make some long suffering shareholders happy, but Im thinking they are now on track to perform as the "DIRECTORS PROMISED" (turn the volume up here)!! How could they get it wrong anyway .....after all they operate in the No.1 21st century industry................. "ENERGY SAVINGS" (improve the bottom line/save the planet)
Got this on your watchlist still Moosie ?
Yes I see that. They are nearing the end of their turnaround phase with substantial increase in margin gained and positive EBITDA next year. Then the growth phase will start. Good times and not before too long.
As for the 'old guard' that is being dealt to with changes in the pipeline or with some execution of change already in progress. i.e Dr Lisbeth Jacobs. Dr Rick Boven retiring.
https://nzx.com/companies/WDT/announcements/236691
WDT starting to gather a bit of pace, albeit slow but surely. 26/ 27 this week. More buyers lining up. Very few sellers. Looks like this will be the year they break even.
.....anyone know when the next lot of (hopefully) positive news will be released? Havnt heard much for a while so SP is drifting a bit (nothing to worry about).......always the best time to be doing some further topping-up?
Are these shysters never going to make a profit?!
I sold out after last year's spike...and have better things to do with my money than invest again in their endless promises.
BC
I just love it.!!!!
"2nd year of turnaround plan."
"we start the first year of our new three year growth plan."
Sorry, but no mention of a profit plan.!!!
When Greg Allen was appointed as new president for Ascalade Communications in 2007 they said "We are pleased to welcome Greg to our team," said Dr. Ho. "With a strong background in large-scale manufacturing and operations, leadership in developing relationships with multinational OEM's and an impressive track record of delivering significant growth and profitability we are confident he will be instrumental in taking Ascalade to the next level."
Let the man do his job.
So they thought it was good to sacrifice the short term profits to keep growth momentum going. I say that is very bad thinking. A break even year would be a huge milestone for WDT and something shareholders would greatly appreciate IMO. The last thing needed is a bigger loss making company!
I know nothing of this guy Allen but LinkedIn says he gets around
Ascalade Communications Inc - the chart looks like a WDT one
Yep. Seems their version of "turnaround" is more like going around in circles.
I don't hold any more (lost enough on them!), but hoped they were on the right track with swapping revenue growth for profitability. However, having shrunk revenues significantly, it seems they have simply proved how difficult this is with their product and now want to go back to swapping profitability for growth. Made even harder with high NZD.
Trouble is, when the cash runs out again (which now looks likely in 2014), will there be enough new investors to tap for funds? After all, it takes a lot more dilution for them to raise a few $m these days than it did in the old over-hyped/over-priced days.
Snrs.
You see our tax for losing . more loss. forward to profit? Amigos I am asking . Good?
Sorry to be a party pooper, but I like these guys! True, I don't own any shares, but that's more because this isn't my sort of investment.
As I read it, they spent years hoping to gain a premium for their product on which to build a profit. But the market didn't seem to be buying it much, probably much as people still don't own solar cells even though they appear to be cost effective now (and no, I don't either.) People just take ages to change,
But the current management plan seems to be about also competing on price and marketing - that is, accepting that this is a tough market to play in and just doing what it takes to play there.
I don't know if these guys are going to hit pay dirt. But they sure deserve admiration from where I'm sitting for an intelligent plan being rigorously pursued. The place really has gained some fire in it's belly lately and I respect that. I wish them luck.
I of course wish you and the company well.However after investing in it about 1987 or 1990 [sorry I can't remember] and expecting profits every year to be "just around the corner" I feel I am entitled to critical of this company.
After two or three years of increasing earnings I would look at them again.[Then again I may not!!! lol]