LOL, I am happy how negatively the share price is losing value recently? :)
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Good to see the growth, finally back in positive territory for me today, may it long continue.
All credit due to Keith Oliver whose only been on the Board for a short time
Also on Rakon board .....brought the Midas Touch to both companies
Important senior appointments include in their credentials whether they are lucky ...have the Midas touch.
Shareprice over 10 cents ...heading to 20 cents
One of the stars of the NZX (as is Rakon)
I’m out. it’s been a fun ride, to nowhere...
Share price enquiry today, awaiting the stock standard reply.
That response from WDT to speeding ticket will be seen as a profit upgrade coming in next week or two.
Cool
Maybe EAST WEST CORPORATION are increasing their holding?....averaging down from the 26c they initially paid! (think I've got that right)
whose been playing around today ---- high 10.8 and low 9.3 and ends up somewhere where it started
For those questioning the improving share price, take a look at this October '20 announcement from WDT.
"Wellington Signs Commercial Agreement with Imbera for Supply of IoT hardware and
Data Services."
The key lies in googling "Imbera".
Take a look at the following information from Wikipedia which leads straight to Coca Cola.
Coca-Cola FEMSA
FEMSA owns 47.9% of the world's largest bottler of Coca-Cola by volume, Coca-Cola FEMSA, S.A. de C.V. (NYSE: KOF), which operates in ten countries covering the metropolitan area of Mexico City, southeast Mexico, Central America and South America.
Coca-Cola FEMSA is the anchor bottler of Coca-Cola and its related soft drink products in much of Latin America. The company is an important part of the Coca-Cola System. Coca-Cola FEMSA distributes about 10% of the worldwide production of Coca-Cola products. This makes it, after Coca-Cola Enterprises the second largest Coca-Cola bottler in the world.
The company is owned 47.9% by FEMSA, 28.1% by The Coca-Cola Company and the remaining interest trades on the New York Stock Exchange and the Mexico City Stock Exchange.[7] The company is headquartered in Monterrey."
FEMSA Negocios Estratégicos is divided into 4 business units of which Imbera is one.
In that Oct '20 post the departing CEO (Greg Allen) noted the considerable upside from the commercial agreement with Imbera.
In my view over the last few years WDT has done everything right.
The pandemic hit them extremely hard but the upside remains.
I have been an investor in WDT for a very long time & in recent years attended a number of AGMs.
Current management strikes me as excellent although the hunt for a replacement CEO is an unknown.
Existing management are significant shareholders. So are the board.
I added significantly to my shareholding just before the pandemic so my timing could not have been worse, but added recently at 7 cents to average down.
Breakeven now about 10 cents per share.
I am pleased to be a shareholder in WDT and anticipate being in for the long haul.
Yes Felonius. WDT have a big contact in Coca Cola, for years they have been selling fan motors for their refrigerators (they still do) on very small margins.
They realise this was a losing business model and are now upselling refrigerating cabinets with internet of things hardware.
As I understand it they make a margin on the hardware as well as more importantly on the data collected.
It is early days however at todays Share Price of close to 1 to Revenue it is worth time to keep an eye on if not a purchase I think.
Really looking forward to an announcement next week :)
Or to market for some more $$? Must be drying up by now?