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WANdisco - Shares double since March

September 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WAND
  • Price:
  • 798p
The shares went over 800p at one point following a trading update ahead of reporting on 6 September.WANdisco said it has seen an acceleration in H1 bookings, which amounted to US$10.2m and is up 73% year-on-year. Of that, Fusion sales were US$7m (compared to US$2.6m). This includes a record US$4.1m order with a major financial services multinational and also its first contracts in retail (US$2m) and in healthcare (US$0.65m). Bookings for its other business of collaborative software are broadly flat at US$3.2m (US$3.3m).Although still loss making, WANdisco said cash burn reduced to US$0.6m in H1 17 in severe contrast to the US$5.3m burn in H1 last year. This combined with a new bank facility that is now in place, means it has ...

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