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As I reported on twitter RS approved! Now does WEYL need to RS to uplist exciting time to be invested.
http://app.quotemedia.com/data/downloadFiling?webmasterId=103047&ref=114638206&type=HTML&symbol=WEYL&companyName=Weyland+Tech+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2019-11-21&CK=1335112
Stay focused longs do your own DD WEYL read the PRs 8ks and listen to CC.
Bloomberg picked up PR!
https://www.bloomberg.com/press-releases/2019-11-19/weyland-tech-president-and-ceo-purchases-900-000-shares-of-company-stock
I anticipate 8k today.
$2.50 equals approximately 250m MC thats a conservative fair valuation. I anticipated that in August but unfortunately still yet to be realized. The OTC is not a good exchange for large investment firms which are closely regulated with fidicuary duty to their investors to invest in.
Hopefully news of contiued growth and the expansion that CEO Suen talked about on CC comes to fruition soon and stock appreciates organically then uplists.
But if RS is deemed let it happen NASDAQ firms will set fair value, math is math as long as my portfolio appreciates 4-5X from here I'm happy. :)
By December I anticipate AtoZgo deliveries at 40k per day, we were at 16k per day 11/15/19, this exponential growth is only possible because of the logistics put in place by our partner GRAB.
Folks should listen to CC again if you have time. Once AtoZgo reaches a saturation point in Jakarta I believe GRAB will buyout that entity....
Valuation? 50m 100m? TBD
Company should uplist as soon as possible RS or organically that is the ONLY way WEYL will realize its true valuation 200-300m MC then grow as earnings and forcast 2020 revenues come into guidance.
As CEO Suen stated in PR yesterday..
"The company is preparing for an uplist to the Nasdaq Stock Market, where it expects to attract the attention of a broader base of investors, particularly institutional and family offices."
These real investors will set the intrinsic valuation.
I spent two days in NYC with CEO Suen and advisory member Andre Peschong November 14th and 15th of last week. I was honored by the opportunity and have never been more excited about any investment I have taken part in. Great company supported by "passionate fully invested people" providing a service that is growing and in demand. The investment community is aware of WEYL and ready to invest upon uplist to NASDAQ in 2019. IF RS is needed buyin by large investors will set MC at 200-300m within days of uplist in my opinion only.
Let's see IF RS needed.... understand simple math folks even if RS I anticipate value of ones holding to be positive 4-6X after uplist NASDAQ.
READ WHAT CEO Suen said in yesterday's PR.
We recently reported 26% sequential topline growth for the third quarter of 2019, reaching a record $9.0 million, and we turned adjusted EBITDA positive,” commented Suen. “On a trailing 12-month basis, we’re at $32 million in revenue. Compared to our peers, the market valuation for a company like ours with a 100% subscription-based recurring revenue stream and growing at this rate should garner a several times multiple in its price-to-revenue ratio, rather than merely a fraction as it does today.”
Publicly-traded SaaS/PaaS companies typically trade on average at around 10x revenue according to Crunchbase, with other microcap comparables trading around 4x revenue on average. Companies with cloud-based software or software-driven platform-as-a-service models attract higher multiples due to ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.
“We are encouraged by the increasing number of small-and-medium sized businesses coming onto our CreateApp platform, as well as existing customers’ rapid adoption of new features and modules,” continued Suen. “Given all of these factors, I believe the market price of our stock does not reflect our financial performance, the quality of our revenue, and the strong prospects for our growth to accelerate over the coming quarters. As a result, I have continued to invest personally in WEYL.”
In October, Suen purchased from the open market 99,000 shares of the company common stock, which was also reported on Form 4. Suen now holds 2,832,000 shares of Weyland stock. Pursuant to Weyland Tech’s insider trading rules, company insiders who purchase the company’s common stock from any source are required to hold it for a minimum of two years.
The company is preparing for an uplist to the Nasdaq Stock Market, where it expects to attract the attention of a broader base of investors, particularly institutional and family offices.
CEO just purchase 4 times his salary worth of stock that is restricted for 2 years from date of purchase or executionable upon buyout of company.........
My DD is second to none long 600k shares....
http://app.quotemedia.com/data/downloadFiling?webmasterId=103047&ref=114631345&type=HTML&symbol=WEYL&companyName=Weyland+Tech+Inc.&formType=4&formDescription=Statement+of+changes+in+beneficial+ownership+of+securities&dateFiled=2019-11-18&CK=1335112
NOBO list can explain a lot if pulled every 30 days......
Exactly my upcoming article will explain the disconnect.. markets always correct. This is such an easy investment not waiting on topline SAP etc just investing....grossly undervalued security.
We longs are very fortunate for this opportunity...
There is still no real volume once we see 50k 100k lots being bought that's when price corrects...
WEYL is becoming the SHOP of SEA markets always correct...
“We expect our CreateApp platform to continue to gain traction due to its simplicity and versatility, similar to how Shopify provides e-Commerce enabled websites for small businesses. Our business enablement platform requires literally no technical understanding of programming or app design for mobile apps, allowing users to build their own m-Commerce-enabled mobile app in less than two hours.
https://www.cnbc.com/quotes/?symbol=SHOP&qsearchterm=shopify
Recurring subscritions! People like it! that's everything word of mouth get this APP use AtozGo! tic toc
•Revenue, which is comprised of recurring subscription fees, increased 53% to $7.1 million.
. Within two weeks from launch, AtozGo has gone from zero to over 1,200 deliveries per day. We expect this rapid ramp up in business to pave the way for greater visibility with potential acquirers.
Growth WEYL market share being grabbed https://finance.yahoo.com/news/weyland-tech-reports-q2-2019-200100316.html
WEYL up next deep value! https://seekingalpha.com/author/chris-lacoursiere
Bill it’s the deal of the century WEYL at this price. But I have 550k shares all I need and I anticipate WEYL trading north of 3$/share in the coming weeks... fair value that’s why I’m here. As for buying stocks I’m buying hand over fist in my other long investment......
Long 550k at .57 done buying.... ;)
Patience is all a long investor needs now.... markets always correct
Much is going on behind the scenes the black swan institutional investors in my opinion will change the valuation of WEYL with in next few weeks....
Buying on the open market...
Within Thirty days after earnings....
NEW YORK, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Weyland Tech (WEYL) a leading developer and global provider of mobile m-Commerce software solutions, reported results for the first quarter ended June 30, 2019. All quarterly comparisons are to the same period in 2018 unless otherwise noted.
Second Quarter 2019 Highlights
•Revenue, which is comprised of recurring subscription fees, increased 53% to $7.1 million.
•Launched a pilot program of the company’s CreateApp Platform-as-a-Service in Indonesia with the country’s second-largest telecommunications provider.
•Cash and equivalents totaled $5.3 million at June 30, 2019.
Management Commentary
“In Q2 2019, we dramatically expanded our recurring revenue stream, generating more than 50% growth,” said Brent Suen, CEO of Weyland Tech. “This was largely due to greater customer adoption of our CreateApp Platform-as-a-Service in our existing markets as driven by our channel partners. This progress has continued into the third quarter, keeping us on track for another year of record growth.”
“Also driving our growth is the fact that we are focused on the world’s most engaged mobile users, with more than 350 million ‘mobile-first’ internet users located in Southeast Asia. It’s also a region with the fastest growing adoption of m-Commerce solutions by businesses and consumers. Our more attractive pricing structure implemented during the quarter supported our ability to capture greater market share of the micro and small businesses that make up about 90% of the region’s economy.
“We expect our CreateApp platform to continue to gain traction due to its simplicity and versatility, similar to how Shopify provides e-Commerce enabled websites for small businesses. Our business enablement platform requires literally no technical understanding of programming or app design for mobile apps, allowing users to build their own m-Commerce-enabled mobile app in less than two hours.
“During the quarter, we also increased our market reach with the launch of a pilot program in Indonesia in partnership with Indosat, one of the country’s leading telecommunications providers. We see this partnership eventually becoming another strong revenue driver.
“Since the end of the quarter, we’ve been active in strengthening our team with the appointment to our advisory board of two seasoned executives in capital markets and e-Commerce, Sim Farrar and Andre Peschong. Along with his strong business acumen, Sim brings to us deep understanding of public policy across regional, national and global levels. Andre has already been instrumental in helping us attract significant growth capital from a number of strategic international investors.
“In partnership with our spin-off company, AtozPay, we recently launched AtozGo, a short-distance food delivery service in Jakarta, Indonesia powered by AtozPay’s mobile payment platform and our mobile app technology. AtozGo allows mobile users to browse local restaurants, order and pay for meals, and track delivery. Given Jakarta’s population of 30 million, with another 3.5 million commuting daily, the city was an ideal location to launch the AtozGo delivery service. Within two weeks from launch, AtozGo has gone from zero to over 1,200 deliveries per day. We expect this rapid ramp up in business to pave the way for greater visibility with potential acquirers.
“For the remainder of the year, we will continue to focus on supporting our channel partners and enhancing our platform offerings. We expect to see margin improvement as we introduce more value-added services, and will continue to evaluate a number of attractive M&A opportunities. Given our momentum coming out of the second quarter with proven, differentiated strategies, we believe Weyland Tech remains on track for another year of double-digit growth.”
Q2 2019 Financial Summary
Total revenues increased 53% to $7.1 million in the second quarter of 2019, as compared to $4.7 million in the same period last year. The increase was due to the service income from customers in targeted emerging markets at lower price points.
Gross profit decreased 69% to $1.3 million or 17.7% of revenues compared to $2.8 million or 87.7% of revenue in the year-ago quarter. The decrease was primarily due to a reclassification of certain research & development and sales & marketing expenses.
Total operating expenses decreased 49% to $2.9 million from $5.1 million in the same year-ago period. The decrease was primarily due to the aforementioned reclassification of certain expenses.
Things happen fast in tech https://www.cnbc.com/2019/08/14/vmware-says-it-is-in-talks-to-acquire-pivotal-software.html
IF my SA article is published.... look out word will spread deep value...paradigm shift
Great CC!
Best PR I ever read from WEYL! WOWWWW!!! Buying more tomorrow! Within two weeks from launch, AtozGo has gone from zero to over 1,200 deliveries per day. We expect this rapid ramp up in business to pave the way for greater visibility with potential acquirers.
The manipulation on WEYL is literally humerous... Just one real buyer "institutional" buyer will correct this...
ALL shares are restricted OS still only 52m fair valuation 200m today! should be 4$ and rising look into SE or GRAB hopefully my SA article teaches everyone some basics on value metrics...
Merger and acquisition target! No debt and 5m cash on hand OS stays at 52m, growth continues and capital continues to be poured into expanding... buyout target SEA WEYL
My guess once WEYL is trading north of 3$ it's too attractive for the team in my opinion I would take shares also.
Dial in folks!Today 430pm
https://www.otcmarkets.com/stock/WEYL/news/Weyland-Tech-Sets-Second-Quarter-2019-Earnings-Conference-Call-for-Wednesday-August-14-2019-at-430-pm-ET?id=237050
Patience within 30 days of earnings we will be a new company....
From 10Q: As of August 14, 2019, the registrant had 51,689,152 shares of common stock issued and outstanding.
Do research folks companies fair value today 4$/share on value metric 6 X earnings...
CC today 430pm very excited to hear developments....
Outstanding shares remains at 52m.... theres at 50k bid level 2 very bullish
https://www.otcmarkets.com/stock/WEYL/overview
Quarterly out! Company continues exponential growth 95% yoy. Nearly all revenues are being used for expansion and growth R&D. Management continues to take shares common stock in lieu of salary. Company has no debt and 5m cash on hand...
CC today after hours..... new developments?
IF earnings are AGAIN RECORD 100% yoy growth Wallstreet will take notice....
EARNINGS WEYL due tomorrow!! Very confident in another record quarter...
Follow my post do your own DD I'm VERY VERY confident in mine :)
I agree ever since WEYL cancelled merger at 11th hour investors have been waiting patiently I believe our patience pays off greatly in near term..