Glad I got out of WYN at $1.40. However, stupid me still picked WYN as an outsider for the 2016 Share Trading comp, so my ego is hurting, if not my wallet.
It is very much worth selling if the share price is going to continue to perform so dismally.
For market integrity purposes the Company needs another NZX price enquiry.
A 21% fall from 0.80 to 0.63 was queried in late May and its down another 22% since, now at all time lows.
Disagree. Share price doing badly, and notwithstanding a disastrous cap raising episode, I see no reason to justify the SP being this low. Maybe we will hear why it is this low very soon ... maybe the opposite will happen. Think the snowball effect of nervous people selling. I'd rather not realise the loss I have and think the later, justifying that with the Telstra, Deloiites and other contracts we do have. Easy to be negative when all are negative. (remembering Xero in its early days).
Let's see what Wynyard can deliver on their HY report due this month.
Wynyard's FY16 Outlook given during AGM in June
• Focused strategy has actively reduced Wynyard’s serviceable market but not materially affected
qualified sales opportunities for FY16.
• No change to revenue guidance ($54-65M plus conditional contract $14.3M).
• Annualised cash savings of c.$17M have been actioned through a combination of headcount,
operating cost and capital expenditure reductions.
• As communicated previously, larger government contract execution and revenue recognition timing
remains a risk until ACTA business achieves scale.
• 1H16 cash position is expected to be broadly in line with forecast. Working on initiatives to address
possible 2H16 timing risks.
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Originally Posted by Ggcc
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