UK 22:11 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Wandisco (WAND) has today published results for the half calendar year which indicate that at June 30th the company was bust. Thank heavens it got an equity placing away shortly afterwards but did it tell punters how bad things were before it got their cash? And how soon before the next bailout.
Having recovered back above 150p at the start of this month, shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND) have slipped back with the company having received General Meeting approval for a confetti (sorry again, equity) issue…
It has been announced that CFO of unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”) WANdisco plc (WAND), Paul Harrison, is to join JUST EAT plc with effect from 26th September. He is stated to be “looking forward to joining”. I bet…
Shares in unique cash-burning machine (sorry, “unique… provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability”), WANdisco plc (WAND) currently trade 25% higher today, at 225p, on the back of an announcement that it “has entered into a non-exclusive OEM sales agreement with IBM under which IBM intends to sell WANdisco's Fusion data replication product”. Hmmm…
March-announced results for 2015 from WANdisco (WAND, the self-described provider of whatever “enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability” are) included that the company had required to make the first drawings on a $10 million revolving credit facility after a $26.1 million net cash outflow before new financing saw year-end cash at $2.6 million. This saw the shares on the retreat back towards 100p, but they have since recovered to a current 175p. Hmmm…
It does not seem as if Wandisco's (WAND) attempts to find someone to buy it have come to much. Certainly it does not mention this in today's calendar 2015 results which are truly abject and suggest the company is hurtling at a rate of knots to the very edge of tits up canyon.
Following a “2015 year-end update” from WANdisco plc (WAND) earlier this week, forecast changes are now following. They ain’t exactly promising!...
AIM Death list member Wandisco (WAND) has released, what can only be described as, an utterly disastrous trading statement at every level. All the money's nearly gone and there must be a very real danger that it is tits up time soon.
A extra bag of crisps for The Deputy Sheriff of AIM for spotting a bit of a rule breach by ailing Wandisco (WAND). Given that it is almost out of cash and that insolvency looms if it cant get a rescue bailout underway, perhaps this is just a minor distraction?
It is pretty unusual for a company to slip out good news at no-one-is-watching o’clock, but that is what AIM-listed and rather short of cash WANdisco (WAND) pulled out of the hat yesterday at 5.26pm. Is the news really that good? And talking of hats…..…is this all just a precursor to passing the hat around to raise some much needed cash?
Shares in Wandisco (WAND) are sharply lower again today. They now trade at 87.5p, off 6.5p on the session and down from 140p a month ago. But there is far worse to come - as Steve Moore and I have warned time and time again - see HERE. And so with a few comments here is some sage advice from Iron Maiden.
I warned in March that despite having fallen from approaching 1300p to below 300p, with there no signs of profitability in sight and cash burn severe, shares in WANdisco plc (WAND) looked to remain a sell – see HERE. The following updates with the shares now around 140p and following further savage forecast reductions post results for the first half of 2015…
