WDT - Wellington Drive Technologies

[kiora]

Yep certainly a different company to ALL others.
Unlike others I have never owned them before
I can't name any other company that has lasted so long without making a profit

Just a dabble for me

We will see if WDT have a raison d'etre

[forest]

Correct.
But 35 years?
Now.Yes I really do hope it is a turn around.
And I own up to owning WDT 35 odd years ago.Think it had just changed its name to Aorangi,and I had high hopes;
A literal translation of Aorangi leaves one the choice of any of three equivalents— “Light of Heaven,” “World in the Sky,” or “Cloud of Heaven,” each of which is descriptively appropriate. ...[I thought it was "World in the Sky."
Then we went to Wellington Drive,and then Cadac before returning to WDT.Think that is the correct order.
Internet of things and new directors could be right.I note their chart for 3 months is positive.[Very different for any longer period]
Perhaps a change of name back to Aorangi may be in order ?"Cloud of Heaven" would fit with Internet of things.?.

Interesting information Percy looking back at this company history.
And those eye watering tax losses telling a sad story.By far most investors do not look into WDT for the reasons you gave.
However, maybe those past tax losses will be shareholders future gains.

[winner69]

Now "That's Incredible".

Percy - that's what happens when you have lots of Vice Presidents (both Senior and ordinary ones)and other management roles with Director in their title eh

Note: Only percy and me get the significance of having Vice Presidents

[winner69]

Winner if you read your 2019 copy of the annual report on page 18 you find that WDT made a small profit of $448k however I see your point as historically losses were far more common.
I think one should not underestimate the acting chair John McMahon. He is also the Chair of an other small NZX company SDL.
Under his leadership SDL turned around from an loss making non dividend paying sad company to a healthy company growing compounding Equity/Sh around 20% for the last 8 years while paying a respectable app 4% gross dividend. Naturally SDL share price multiplied a few time during this period.

WDT is growing the internet of things part of their business, as Price to Revenue is likely close to 1 this year I think the share price is not expensive and I am not surprised by the SP rise on volume. Possible turnaround story I think.

That John has been on the Board since 2014 .... hmm

Not disparing to John as he is a good guy

[winner69]

WDT are probably doing the IoT stuff well - just as they did all the past new tech fads. Keeps them in the game

It just seems that WDT is the unluckiest company on the NZX - just as the story gets good some bad luck puts an end to it and they need to start over again.

Then again that run of bad luck may have ended and they have finally found their Midas touch

[percy]

Percy - that's what happens when you have lots of Vice Presidents (both Senior and ordinary ones)and other management roles with Director in their title eh

Note: Only percy and me get the significance of having Vice Presidents

Alarm Bells having been ringing with my Syft shareholding.
Recent appointments;
Vice President of Sales Europe,Arnd Ingendoh
Vice President of Product Development,Rose Smith
Vice President of Sales USA,Damien Fischer
Vice President of Sales-Semi Conductors,Reid Poole.
And the market cap of Syft is $58mil.????????????????????//

[winner69]

Alarm Bells having been ringing with my Syft shareholding.
Recent appointments;
Vice President of Sales Europe,Arnd Ingendoh
Vice President of Product Development,Rose Smith
Vice President of Sales USA,Damien Fischer
Vice President of Sales-Semi Conductors,Reid Poole.
And the market cap of Syft is $58mil.????????????????????//

Do they have a Director of Marketing?

Marketing people are so up themselves they think they should be Directors ---- Chiek Marketing Manager (or Officer) so demeaning to their professional

[percy]

Do they have a Director of Marketing?

Marketing people are so up themselves they think they should be Directors ---- Chiek Marketing Manager (or Officer) so demeaning to their professional

I think they have two of everything.!..lol.

[Oliver Mander]

Hmmm...someone wants $1,000.00 per share for their parcel of 13,093 WDT shares. Or you can buy another 14,651 shares for $19.95 each.

[winner69]

Winner if you read your 2019 copy of the annual report on page 18 you find that WDT made a

I had noticed that but if allow for the reduction in what they still might owe for the acquisition of iProximity it was another loss. Obvious iProximity not performing as planned.

Anyway in WDT lingo for a profit is a ‘negative loss’