Is it time to invest in Digital Britain? Five top technology shares to rival Twitter
By Marc Shoffman
PUBLISHED: 15:50, 15 November 2013 | UPDATED: 15:50, 15 November 2013
WANdisco
Price-to-earnings ratio: -27.35
Dividend yield: 0
Share price as of 13 November: 1,302.50p
Most recent profits: £8m loss (31 Dec 2012)
Wandisco provides data storage for the software development industry.
It provides free access to large storage that can be accessed and backed up from anywhere in the world and then charges for extra services.
The company raised $24million in a London Stock Exchange listing in June 2012.
It has a p/e ratio of minus 27.35, because its most recent results showed an £8m loss. However, investors backing the company believe a profitable future looms.
However, this also reflects the young age of the company, it is just over a year old, and could also be a sign that the company is undervalued. Cloud storage and data security is a big issue at the moment so WANdisco, which provides products used by companies such as Intel, Motorola, Facebook and Google could be in a decent position to take advantage.
Mr Mould says: ‘With more than 5million users worldwide across 2,000 international companies, WANdisco's claim of an internal pay-back inside of a year and return-on-investment of 150% for its users is compelling.
‘While the £272million cap company is not currently expected to make a profits breakthrough until 2015 at the earliest, these estimates are based solely on existing products, suggesting the possibility of cashflow neutrality late next year, or early 2015.
‘Chief executive David Richards sees WANdisco developing into a $1billion revenue business, ambitious given last year's $7.9million of bookings. That will double in 2013, according to some analysts, hitting more than $24million in 2014.’
http://www.dailymail.co.uk/money/investing/article-2505169/Five-UK-technology-stocks-rival-Twitter.html