WDT - Wellington Drive Technologies

[kiora]

WDT must be the unluckiest company on the NZX -- just as looks like a miracle is about to happen and WDT is going to be great something always comes along to snuff that dream out.

Even the IoT isn't to going to save ....they make a great thing off it but it just keeps them in the game.

Will fortune ever shine on them ...doubt it

History would say you are right W69 and they historically burnt through a lot of shareholder funds
BUT are WDT about to enter a new phase?
It would seem to me there is a real increased need for their products & services
Low E long life motors smart efficient & reliable motors & controls to improve marketing
Remote monitoring with IOT
Just maybe they where turning the corner before Covid struck
Is John Scott about to lead the company ahead?
https://www.wdtl.com/wt9139
Newish cornerstone shareholder East West Manufacturing, LLC increasing its shareholding
http://nzx-prod-s7fsd7f98s.s3-websit...192/327453.pdf
Maybe a bit of symmetry here so I wouldn't write WDT off just yet
Can they get traction again?
SP indicates they aren't but the next announcement could give an indication what lies ahead

[Cadalac123]

I strongly believe it was due for a little re-rate before COVID. COVID has put this into a swamp for a while until things recover. Hard to assess at this current stage imo.

[winner69]

On fundamentals WDT probably 'priced' about right - even though a fair bit of optimism is still built into to the share price

In spite of company hype WDT is still just a low margin manufacturer of engines (they say solutions) mainly refrigeration OEMs - ie just a component. They don't really have any real competitive advantage and performance is impacted by the up and downs of economic cycles. The cost of staying in the game (ie product development) is quite high as well. Revenue growth over time is still single digit so hardly a growth company.

One thing going for WDT as a ticker (rather than a company) is that the share price might (or is due to) go up from here - market sentiment rather than company performance might see some trading gains ...cool chart

[whatsup]

Over $100 mill in tax losses so once they hit the big time there is no tax for a decade to come, firstly get into profit !!!

[winner69]

Over $100 mill in tax losses so once they hit the big time there is no tax for a decade to come, firstly get into profit !!!

Overseas subsidiaries seem to pay tax

[kiora]

W69
Was "just a low margin manufacturer of engines"
https://stocknessmonster.com/announc...dt.nzx-296214/
2016 competing on price of motors but initiating IOT
2020 38% of revenue from IOT.
https://stocknessmonster.com/announc...dt.nzx-347362/
GP% slowly increasing

Time will tell

[sb9]

https://www.nzx.com/announcements/362040

Hopefully they've turned a corner from here on and march ahead full steam...

[winner69]

https://www.nzx.com/announcements/362040

Hopefully they've turned a corner from here on and march ahead full steam...

hopefully the unluckiest company on the NZX has finally got lucky

[Nevl]

Nice announcement and looks good. If more of these interconnected solutions can come into play then maybe they can make some headway but yeah a really unlucky company.

[whatsup]

Nice announcement and looks good. If more of these interconnected solutions can come into play then maybe they can make some headway but yeah a really unlucky company.

yeh and been around since the mid 80's that 1980's !!!!