WDT - Wellington Drive Technologies

[jonu]

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

Yes, I see them after an awfully long wait, as being poised for profitable growth. Happily, so does their CEO! One of few underpriced stocks on NZX IMHO.

[winner69]

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

e good if that was the case

Bit of a worry when they tout 'return to profitability' but in same announcement that they will likely make a loss this year (they say break even at USD0.70 ...hmmm)

The bad luck still continues - latest bit of bad luck being seeing cost and supply chain pressures

Hope global shortage of chips is not going to affect them and be their next bit of bad luck

Hope they appoint a lucky CEO

My morbid fascination with WDT that has lasted 20 year or so continues


No doubt the share price will go to 10 cents soon

[jonu]

Resistance at 9 appears to be wilting, and the chart backs it up nicely. Next resistance?

[winner69]

Resistance at 9 appears to be wilting, and the chart backs it up nicely. Next resistance?

Next resistance just above 10 - lets say 10

Then its 17

Remember once resitance broken t becomes support -- so break through 9 and we wont see anything less

[jonu]

Next resistance just above 10 - lets say 10

Then its 17

Remember once resitance broken t becomes support -- so break through 9 and we wont see anything less

Never mind 10, I much prefer 17 Let's go with that!

[winner69]

A big rave about Wellington in the business press

Mentions $100m turnover in 2023

Is being valued as a tech company the catalyst for a decent rise in share price over the next year or so - $100m revenues could mean $1 billion market cap or share price over 2 bucks

Wellington Drive’s journey from manufacturing to tech

https://businessdesk.co.nz/article/o...turing-to-tech

[silu]

A big rave about Wellington in the business press

Mentions $100m turnover in 2023

Is being valued as a tech company the catalyst for a decent rise in share price over the next year or so - $100m revenues could mean $1 billion market cap or share price over 2 bucks

Wellington Drive’s journey from manufacturing to tech

https://businessdesk.co.nz/article/o...turing-to-tech

When I see it I believe it. WDT doesn't have exactly a great track record in creating value for shareholders. I was one back in 1999 and can't remember for how long. Also every company I briefly glance at in the IoT sector seems to come with those lofty ambitions that just don't seem to get any traction. Why would I need a fridge with Internet connectivity? Smart light bulbs? Why? Maybe I'm an old man yelling at a cloud but then looking at companies like BUD.ASX makes me very wary in investing in such companies.

[jonu]

When I see it I believe it. WDT doesn't have exactly a great track record in creating value for shareholders. I was one back in 1999 and can't remember for how long. Also every company I briefly glance at in the IoT sector seems to come with those lofty ambitions that just don't seem to get any traction. Why would I need a fridge with Internet connectivity? Smart light bulbs? Why? Maybe I'm an old man yelling at a cloud but then looking at companies like BUD.ASX makes me very wary in investing in such companies.

Maybe you don't need a wizzbang fridge system, but supermarket chains, bulk chillers, commercial refrigeration in general does!

WDT have evolved into something beyond their original scope. The signs are more than promising.

[silu]

Maybe you don't need a wizzbang fridge system, but supermarket chains, bulk chillers, commercial refrigeration in general does!

WDT have evolved into something beyond their original scope. The signs are more than promising.

A quick look at the website would have taught me that look at commercial solution - my bad. I just have this bad taste in my mouth with this company that in its history has nothing to show for in creating shareholder value. I may have to do more research while this global chip shortage is playing out.

[winner69]

When I see it I believe it. WDT doesn't have exactly a great track record in creating value for shareholders. I was one back in 1999 and can't remember for how long. Also every company I briefly glance at in the IoT sector seems to come with those lofty ambitions that just don't seem to get any traction. Why would I need a fridge with Internet connectivity? Smart light bulbs? Why? Maybe I'm an old man yelling at a cloud but then looking at companies like BUD.ASX makes me very wary in investing in such companies.

BUD a good story ha ha

I see they mention the supply of semi-conductors / chips is becoming a real problem

I have that feeling that chips will be Wellington's next bad luck story

Loss already forecast - could be quite a big loss if this impacts them