WDT - Wellington Drive Technologies

[sb9]

Great update from WDT

http://nzx-prod-s7fsd7f98s.s3-websit...338/345001.pdf

Yeah, looks pretty solid. Hopefully 2021 is the year reckoning for them and shareholders.

[Getty]

Return to profit sounds good, till you read deeper.

Only half a million NPAT for the quarter, on a $36M CAP @8.5c

GP down 7%
EBITDA -31.3%

Forecast only breakeven, and tempered with warning about shipping & supply chain issues.

Be very cautious.

[sunnysleeper11]

Return to profit sounds good, till you read deeper.

Only half a million NPAT for the quarter, on a $36M CAP @8.5c

GP down 7%
EBITDA -31.3%

Forecast only breakeven, and tempered with warning about shipping & supply chain issues.

Be very cautious.

Do you think they'll need a Cap raise soon?

[jonu]

Return to profit sounds good, till you read deeper.

Only half a million NPAT for the quarter, on a $36M CAP @8.5c

GP down 7%
EBITDA -31.3%

Forecast only breakeven, and tempered with warning about shipping & supply chain issues.

Be very cautious.

All when compared with a quarter not significantly impacted by Covid.

This is what gives me reason for enthusiasm

“Wellington has had a great quarter with strong trading, a big increase in our forward order position and a
successful reception for the first two of the four new products we are launching this year. We are now
expecting record US$ revenue for the year. Even more significantly, our core growth products – our
Connect IOT solution and our ECR 2 motor series - are expected to grow in US$ revenue terms by 15-20%
over our previous record performance in 2019 –prior to the COVID impacted downturn in 2020. Wellington
is not just recovering – we believe we are back onto a solid medium-term growth path, driven by market
share gains from our core growth products.”
“2021 is expected to be a pivotal year for Wellington’s medium-term strategy to lift growth and improve
profitability. The successful launch of our 4 new products will allow us to take our Connect IoT solution into
new, higher-value market segments as well as positioning us for growth with existing IoT customers via
retrofit and upgrade sales cycles. While our forecast includes some small contributions from these
products in 2021 – they will mainly be part of our 2022 and beyond performance.”
“

[Getty]

At a superficial glance, probably not, if they just keep doing what they are. in response to #1263

[Getty]

All when compared with a quarter not significantly impacted by Covid.

This is what gives me reason for enthusiasm

“Wellington has had a great quarter with strong trading, a big increase in our forward order position and a
successful reception for the first two of the four new products we are launching this year. We are now
expecting record US$ revenue for the year. Even more significantly, our core growth products – our
Connect IOT solution and our ECR 2 motor series - are expected to grow in US$ revenue terms by 15-20%
over our previous record performance in 2019 –prior to the COVID impacted downturn in 2020. Wellington
is not just recovering – we believe we are back onto a solid medium-term growth path, driven by market
share gains from our core growth products.”
“2021 is expected to be a pivotal year for Wellington’s medium-term strategy to lift growth and improve
profitability. The successful launch of our 4 new products will allow us to take our Connect IoT solution into
new, higher-value market segments as well as positioning us for growth with existing IoT customers via
retrofit and upgrade sales cycles. While our forecast includes some small contributions from these
products in 2021 – they will mainly be part of our 2022 and beyond performance.”
“

Fair enough, I read all that too, and want this company to succeed, but will wait to I see some more runs on the board before I invest.

[emearg]

They survived Covid. They have built some new products to drive revenue growth and margins. The future looks bright. Pretty good result all things considered.

For anyone who likes a bit of white on white on white action... https://www.youtube.com/watch?v=MInn4iH4xVc

[Rowdy Flat]

Yeah, looks pretty solid. Hopefully 2021 is the year reckoning for them and shareholders.

Bro... it's been some longarse hikoi of hope, surely deserving some rewards!

[winner69]

Maybe their luck has changed

After decades of ‘bad luck’ they deserve some good luck

[sb9]

Maybe their luck has changed

After decades of ‘bad luck’ they deserve some good luck

Should see this move into 10c range pretty soon and hopefully never below that