Knock me over with a feather. Unbelievable...sp finally back over where I bought in 6 years ago!!!??
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Knock me over with a feather. Unbelievable...sp finally back over where I bought in 6 years ago!!!??
Having been an investor a " very " long time ago as was percy, and having scoffed at investors ( MM I think and Anna Naum ) since I sold at a lose.. Picked WDT in this years Comp.
Have decided. That not having had any loses for quite some time. To throw a few shekels at WDT. NOT MANY ..
Just to give myself a zing when leading percy.. Have a feeling in my water :-))
Definitely not ramping this extremely old DOG...
DYOR.. Holding a few for the fun of it ...
up 20%. disastrous for 6 years holding but now doing much better than my other dog. Quietly happy as blue sky looking good from here....
You CAN teach an old dog new tricks. Go you good thing, go! Another good result or two.....
Another decent rise today, and a research report which makes a solid case for further value. Nice
Nice announcement today..... see it here. 30% increase in revenue v Q1 2016 and a 552% increase in EBITDA.
DYOR
One of my biggest regrets was cancelling a buy order for WDT 6 months ago...
Disputing if it may now be over valued and at risk of being a bit of a bull trap for me if I were to get in now.
I attended the AGM.
One issue that was raised was wether there would be another call on the shareholders when the Super Life loan comes due this year. The top table said the directors were considering their options.
Long term shareholders will receive this news with a feeling of dread but take heart with share price revival the issue will be less deeply discounted.
Boop boop de do
Marilyn
PS. After meeting tea and biscuits report. Pretty ordinary but that is as it should be for a company that does not pay a dividend.
Love seeing that kind of EBIT growth, margins are looking better
NZD looks like it is set to strengthen against the USD in the coming years, this will also impede on their revenue.
The golden rule - never buy a stock that doesn't turn a profit. I am keeping an eye on WDT nonetheless.
Things looking good at the moment. Finally management is on its game
Yep WDT not for all investors. Definitely in the riskier part of my portfolio (and I've only taken a small punt.) That said, if we all invested in your 'never buy a stock that doesn't turn a profit' criteria, no one would have purchased ATM or XRO etc. etc.
Look at HLG which many people here were advocating.... making a profit.... paying dividends.... but the trend??
Key criteria IMHO is "The trend is your friend."
I like 'turnaround' stories and so far WDT is looking like one of these. However we need caution about M Monroe's warning that the stock is being 'window dressed' for a possible capital raise.... Time will tell. DYOR.
I am amazed that there are people who still invest in this company after all the years of bull and rubbish. I guarantee that the money tied up in this would give a much better return and possibly more profit placed on horses with the TAB. It's also a lot more fun. Back second favourites in every race or like my wife, take horses that you like the name of.
The fantastic return over the past 2 years, most probably means a person who has held this stock for 20 years or so, has only lost 94% of their capital, rather tham 99.9%,give or take a few %.,while an investment in EBO would have shown about a 1,000% .
Think I will stick with EBO.??.lol.
Hahahaa.. So very true Perc... But " we " knowing so much then... Cashed up what we could and put it down to hard a earned lesson in the education of making Moneeee. :-)))))))
How ever.. As you know.. I have been tempted by the Siren songs of " profit " again ...
To sail the Argonaut once more in search of the Golden Fleece..
Disc. Very. Very, minor toe in the water on this one..
DYOR.
Forget EBO, no one here cares about that Percy. I think WDT First Listed: 28 Feb 2001 (not 20 years ago) and the SP has been a disaster for sure. Listing around .45 and peaking at .52 three years later, that was the height of success. Not sure where you get the 94% and near 100% loses, but since the peaks it's been pretty shabby except for the traders. Anyway, I've probably missed a few share consolidations which you can correct me on.
But dismissing a 1000% rise in two years from the May 2015 lows seems pretty glib, did you lose some money on WDT or are you just taking a poke at it for a bit of fun, or to promote one of your stocks EBO?
From memory.. The head honcho was called .. Green. Russell I think.
Bought them from Jordan Sandman and Smythe ( Sharebrokers )..
Listed on the Exchange. in the NZ Herald.
Manufacturing the same type of products as today..
Believe me ... If Percy is senile .. I am not .. ( Sorry Perc ).. :-))))
There's plenty of examples of company's who reverse listed into a failed shell and shareholders in the previously failed companies who bemoan their failed investments while taking it out on the current incumbent who have nothing to do with the past occupiers of the listing.
Is WDT one of those?
1000% gains in two years, hard to argue with that, unless one has a chip on their shoulder. Seems a few do though.
I think they were spun out of a property company that owned The Magistic building in Wellington.Maybe Ken Weekley was involved.Maybe even as far back as 1987.Can't remember whether Enzed was another company from the same stable.
Ross Green was the man Janner was thinking of.Ex broker Ray Thompson was a director,as was Sean Beck.They were traded for a long time on Sharmart in the 1990s.. Think it changed name to Aorangi,then Wellington Drive,then Cadac,and then back to WDT.At one stage they tried producing motors in the USA,Connecticut comes to mind.
No point in dragging up the past if it has no relevance to the present. 1000% gains in two-years, who doesn't want a piece of that! Except disgruntled prior shareholders in companies that failed and took their money with it, but have no, zero relevance to the incumbent (WDT) who holds the listing today.
Some people cling to things, usually the negatives as those feelings last longer. Others have no history, they just do their investing and trading on the current circumstances.
1000% gains in two-years. Probably hard to to reconcile that if one was burnt in the dark ages before WDT even existed. Blinded by previous company failures is no reason to slag the current incumbent of an NXZ listing.
"I don't think starting an other one is fooling anyone".
The old 'deflect and take it up elsewhere' strategy eh? This is about WDT. It stays here.
Really, should we move the inconvenient truth that WDT has a 1000% SP gains in to-years to another thread, just because it satisfies the prior listing owners desires to suppress any good news from the incumbent?
Get over it, WDT is finally smashing it out of the park and the old school and the burnt here need to get over it. The future is ahead of you, not behind.
Knew you were not senile Perc. Yes Ross was the name.. Enzed was an Hydraulic repair company.. Great idea.
Diverted from the main job and went broke.
WDT has been a toxic name for so many years for so many people Baa Baa.. Why would they retain it ???
Tax reasons ???
Yes they are doing well .. Hence my interest .. 20/30 years is a long time in the desert.. :-))))))))
Disc. DYOR
Getting there.From NZ Companies Office.
Enzed Technology incorporated 29th March 1985.
We must have received our shares from them, as I think they sold their excellent fluid connection business to Parker Industries ,in the USA.
Then Aorangi Holdings were incorporated on11th august 1986.They must have brought Clark Automotive Developments Ltd who were the original WDT.
And yes 20/30 years in a long time in the desert,but they were always very optmistic, when ever they were looking to raise more capital,which was often...lol.
Purely as an interesting fact or two:
WDT listed at, allowing for share consolidations, $13.60 on 9-Mar-2001
and peaked at $16.60 on 19-Jan-2004.
And while it may have gained almost, but not quiet, 1000% from absolutely minimum price to absolute maximum price during the last two years, it is the present and future that is important.
With a market cap of $60M, annual turnover of less, gross margins in the 20% and plenty of expenses to swallow that, then it would seem to be rather overpriced.
Liquidity is still well-short of where a Tiger would even consider it, and as it has not proved profitability yet, who cares anyway?
Best Wishes
Paper Tiger
WDT was part of the Strathmore group and before that Australian something-or-other stables. They were given away when the group broke up and I held them for quite a time. What dividends have they ever paid?
Dr.Ray Thompson was involved with WDT as well as Strathmore Group,but WDT did not come out of Strathmore Group.My earlier posts are correct.
So for you Craig;
Australaian Breeding Stables,went on to become;
Stratmore Group,Media Technology,Forge Media,Velco Capital,V Mob and proving there is life after death now Plexure Group.
The prospect of another share issue and further dilution of shares has been pushed into the future by Smart Shares(formally SuperLife) extending their loan until 22/03/2019.
https://www.nzx.com/files/attachments/260954.pdf
Boop boop de do
Marilyn
Soo.. with the housing market as bad as it is and loans impossible to get for someone only able to to field 50k.. anyone see this stock making it back to over $10.. or should i just spend my money on avocados on toast?
Smashed avocado
I thought the latest market announcement was positive.
Obviously missed something :t_down:
I also thought it was a reasonable announcement. Surprised to see the drop in shareprice.
Perhaps the market was expecting more.
Could become a buy opportunity if it drifts much lower
They missed their forecast by 5%
But the share price is overdone
Now that’s a great announcement. Happy Days
Not a great announcement... what you lads on about?
SP was too hot to allow any underperformance whatsoever.
My opinion,
I'm happy with that announcement, they're at the low end of forecast, if they manage to make that, they did warn it might not get there. But it's still $1.5million EBIT which is great from where they were. They’re showing strong growth. The forecast of $2-4 million next year is a huge range, but they’re on the path. Finally it looks certain they’re going to make it work. It's been very high risk up until now.
The market didn't agree with me, but that doesn’t surprise me, not the first time I've been wrong. Great you posted after 5pm with hindsight of the market reaction. Nice work...
Would have said the same thing without seeing the market reaction...
Revenue growth is solid, but at the end of the day it missed expectations.
Under performance due to "customer delays" is not and will never be something the market will react kindly to in the short term... universal rule.
If WDT hit FY18 target, current buyers will be rewarded...
At least it's bounced back, all be it on light volume. It's only a small investment, I'm more then happy. There have been a lot of shareholders waiting for a long time on this one. It's a slow ride to profitability. I agree it was overvalued when it shot up above 20cents, but I think it's a pretty well priced. Interesting share atm with their forecasts.
I didn’t bother read anymore when I saw this headline
Wellington Drive misses 2017 revenue, earnings guidance but hopeful for year ahead
Was it as bad as headline said
Couldn’t resist having a look
Pretty impressive sales numbers ....pity the headline.
Big vol today, 10 mill shares at 15c. Interesting.
Still no Q1 2018 report though
https://www.wdtl.com/img/Shareholder...0addresses.pdf
"Our full year 2018 EBITDA guidance of between $2 million to $4 million remains unchanged. If achieved, this should generate positive operating cash and a small net profit."
( Disc.... not advocating, just observing.)[/COLOR]
I think the outlook is good, some bumps to negotiate still this year, but overall I am hopeful this old dog will finally become a money maker!
I see First NZ Capital have been increasing their holding, so I guess they feel the same.
East West Manufacturing LLC is also increasing its holding in WDT. They are in similar business sector; I take that as a positive sign for WDT.
I think the outlook is good, some bumps to negotiate still this year, but overall I am hopeful this old dog will finally become a money maker!
East West Manufacturing LLC is also increasing its holding in WDT. They are in similar business sector; I take that as a positive sign for WDT.....quote EMVEHA
Appears some solid support creeping in now to Wellington Drive.? Gutometer is telling me outlook is rosy and things are on the up. I sold out a year or so ago on a spike but may well look at buying back into this improving story. No rush and a lot of ground for the SP to return to peaks of several years back. If East West are increasing their stake (think they paid 26c for their first installment?) then that can only be a strong endorsement that WDT has turned a corner. Net Profit around the corner.......maybe?
Very sad day for WDT with the untimely death of Dr Ray Thompson , Ray was a long term holder from the 1980's and has been a strong supporter of the WDT family, thoughts to his family at this very sad time.
A sad day, and it's hard to put into words the immense sadness that comes when someone passes before living a long and full life. Thoughts with the family.
Question if I may :
Does anyone see the NZD fall again the USD as Positive for WDT being a tech export company? Or is it all in USD given manufacturing is offshore?
As WDT inches towards profitability, its TA has recently moved into Golden Cross' territory.
Interesting times ahead?
Attachment 9997
Disc - Holding, topped up some more today at 17c.
Improvements continue......arrows all pointing North and steady as she goes. Watch this one. Now buying.
Looks like this time they are out of the woods.
Market update today......check out NZX
MKTUPDTE: WDT: Wellington 2018 Q3 update
Wellington Drive revenue for Q318 increased 62% and EBITDA improved by $1m.
FY18 guidance maintained.
Wellington Drive (NZX:WDT) achieved a significant improvement for the 3rd
quarter ended 30th September 2018 (Q318) when compared to same period in
2017. With a growing order book going into the fourth quarter, Wellington
also maintains its guidance for FY18.
Significant milestone announced yesterday with 1,000,000 ECR2 motors now sold......congratulations to Greg Allen and his team. Now about 4or5 yrs of turnaround growth showing. Under Greg's leadership (steady Eddie) could this be the next HLG? All projections now being met and on time. Too soon to start mentioning the "D" word?
Up over 8% today and highest price for 15 months, whatsup ?
Whateva's happening I'm happy......:t_up:
I've been watching this for a while and over the last 12 months have gradually added a fair sized chunk to my portfolio. Minimal downside and lots of upside potential IMHO.
Sssoo I'm v happy today, maybe it's a sign of some overdue re-rating on the back of GR8DAY's post #878.
I have adding a big chunk too happy so far the way it develops
This stock seems to be getting some attention :). Price up again this week.
Could be topping to new high soon
Yee ha! My faith in this one is being rewarded.... (one of my Left Field picks for 2019) TA looking good too.
Great results here. https://www.nzx.com/announcements/330627
Wellington continued to generate significant revenue growth in FY2018, underpinned by the Connect SCS and ECR2 products. Revenue for Q4 2018 was US$11.9m compared to US$8.3m for the same period last year; an increase of 43%. US$ revenue for the 2018 year was US$41.8m compared to US$31.2m last year, an increase of 34%. In NZD terms revenue for 2018 was $58.7m compared to $43.3m last year, an increase of 36%.
EC motor volumes increased 24% and Wellington Connect SCS volumes increased 62% as new and existing customers increased their adoption of both.
Revenue from the USA and Canada increased 61%. Latin America revenue increased 34%. APAC and EMEA revenue also grew at 16% and 8% respectively, albeit from a lower base.
Wellington continued to generate significant revenue growth in FY2018, underpinned by the Connect SCS and ECR2 products. Revenue for Q4 2018 was US$11.9m compared to US$8.3m for the same period last year; an increase of 43%. US$ revenue for the 2018 year was US$41.8m compared to US$31.2m last year, an increase of 34%. In NZD terms revenue for 2018 was $58.7m compared to $43.3m last year, an increase of 36%.
EC motor volumes increased 24% and Wellington Connect SCS volumes increased 62% as new and existing customers increased their adoption of both.
Revenue from the USA and Canada increased 61%. Latin America revenue increased 34%. APAC and EMEA revenue also grew at 16% and 8% respectively, albeit from a lower base.
(Disc - hold and biased - DYOR)
Finally on track to be a meaningful revenue company profit will follow
[QUOTE=Left field;747409]Yee ha! My faith in this one is being rewarded.... (one of my Left Field picks for 2019) TA looking good too.
Great results here. https://www.nzx.com/announcements/330627
Wellington continued to generate significant revenue growth in FY2018, underpinned by the Connect SCS and ECR2 products. Revenue for Q4 2018 was US$11.9m compared to US$8.3m for the same period last year; an increase of 43%. US$ revenue for the 2018 year was US$41.8m compared to US$31.2m last year, an increase of 34%. In NZD terms revenue for 2018 was $58.7m compared to $43.3m last year, an increase of 36%.
EC motor volumes increased 24% and Wellington Connect SCS volumes increased 62% as new and existing customers increased their adoption of both.
Revenue from the USA and Canada increased 61%. Latin America revenue increased 34%. APAC and EMEA revenue also grew at 16% and 8% respectively, albeit from a lower base.
Wellington continued to generate significant revenue growth in FY2018, underpinned by the Connect SCS and ECR2 products. Revenue for Q4 2018 was US$11.9m compared to US$8.3m for the same period last year; an increase of 43%. US$ revenue for the 2018 year was US$41.8m compared to US$31.2m last year, an increase of 34%. In NZD terms revenue for 2018 was $58.7m compared to $43.3m last year, an increase of 36%.
EC motor volumes increased 24% and Wellington Connect SCS volumes increased 62% as new and existing customers increased their adoption of both.
[I]Revenue from the USA and Canada increased 61%. Latin America revenue increased 34%. APAC and EMEA revenue also grew at 16% and 8% respectively, albeit from a lower base.
......same sentiment. WDT going from strength to strength with CONSISTENT growth gains. Very well done management , keep up the good work. This could? be the stock to watch (and buy) over the next year or two if this keeps up.........no reason to doubt it wont given the last 3 years of steady turnaround.
and don't forget they have something like $100,000,000 of TAX LOSSES available to them.
These are impressive numbers........USA Revenue up 61%, Latin America up 34% etc etc
Never a good sign when results are delayed for 2 days
Probably just squeak in timewise before earning the wrath of the NZX
Results Friday 1st March.
As the song said, "why are we waiting " ?
Must be playing that Friday after close and hope nobody notices trick
And yet it reads well, even if it was late!