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Nov
3
WANTED Technologies' financial results are predictably strong and the stock is still inexpensive
Posted by: Gerry Wimmer
11/3/2013
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TOP IDEAS: Shares are up 165%, but all indications show that there is still a lot more upside for WANTED Technologies Corp. (TSXV: WAN) – Investorfile target reached.


 
 


Note: Investorfile's share price accumulation target of $0.55 for WANTED Technologies Corp. was reached on August 9, 2013. For the record, we do not revise share price targets for our Top Ideas – Small Cap Value Stocks. We have positioned our blog to be one of the first providers for a pragmatic perspective of a small cap company stock's potential worth, where there may be uncovered value that has been largely overlooked by the investment community.
Our share price accumulation target had been appreciably surpassed since our last blog post for WANTED technologies (See: WANTED Technologies' recurring revenues generate recurring profits.)
  
More so, WANTED Technologies Corp. (TSXV: WAN -$0.82) shares are up 165% since we first recommended the purchase of this stock for small cap investors as one of our Top Ideas, approximately one year ago (See: WANTED Technologies: A small cap that is delivering sales growth, profits and yet is still value priced.)


WANTED Technologies
provides real-time business intelligence for the Human Capital (HC) marketplace. Corporate and government clients use WANTED Analytics™ to find sales leads, analyze employment trends, gather competitive intelligence, forecast economic conditions and source hard-to-fill positions.

The Company's products are based on a data warehouse of historical information made up of close to one billion talent records. This repository of human capital "big data”, the Company says, provides the basis for a range of products that are unique and differentiated in the marketplace.

WANTED's business model of providing its products via subscription over the internet for its customers supports an ongoing recurring revenue business. The structure of the recurring revenue business provides a very regular revenue stream.

Despite the exceptional performance of WANTED Technologies stock over the past 12 months, something tells us we are still very much in the early stages of this Company's share price appreciation trend. The principal reason why we make this bold forecast is attributable to predictability of WANTED Technologies' robust financial performance.

Last week, WANTED Technologies announced annual revenues jumped 20% in fiscal 2013. Better yet, 93% of $7.23 million of annual revenues reported are recurring. Also recurring were the Company's ascending profits, in each quarter of fiscal 2013: Q1-$117,000, Q2- $331,000, Q3- $372,000, Q4- $541,000.

Looking forward, the outlook for business intelligence solutions in the human capital marketplace continues to be positive according to the Company. In fact, the "big data” space is considered high-growth market. Therefore it is expected that WANTED Technologies' recurring revenue base will continue to grow and, so too, the Company's profits.

Last quarter, WANTED Technologies reported per share earnings of $0.022. With the high predictably of the Company's revenue streams and profits, new investors can annualize these results to discover that WANTED's stock still trades for less than 10x earnings. This trading multiple is very inexpensive for a profitable small cap growth company and we predict it will not last long. WANTED Technologies will begin to earn the attention of a larger investor audience.

The Company holds $3 million in net cash.

Wanted Technologies has 24 million shares outstanding.

Wanted Technologies website: www.wantedtech.com

Author ownership disclosure: TSXV: WAN - YES


Read Disclaimer: 

This article is for informational purposes only. This article is based on the author's independent analysis and judgment and does not guarantee the information's accuracy or completeness. The information contained in this article is subject to change without notice, and the author assumes no responsibility to update the information contained in this article. The information contained within this article should not be construed as offering of investment advice. Those seeking direct investment advice, should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. 
 
Investorfile.com is not engaged in an investor relations agreement with Wanted Technologies Corp. nor has it received any compensation from Wanted Technologies Corp. for the preparation or distribution of this article.

The author of this article has acquired and may trade shares of Wanted Technologies Corp. through open market transactions and for investment purposes only.

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Comments:
Posted by: Chuck

Gerry, what are your impressions on the GMP/Desjardins secondary offering deal for WAN? What will happen next?

Chuck: My view is, if you can spread WANTED's stock amongst many institutional investors at current the trading levels and away from one institutional investor who had a very low cost base in its WANTED shares, it is very good thing for the remaining shareholders. What happens next, if WANTED continues with their string of excellent quarterly results my bet is the new group of institutional investors from this secondary offering will continue to add to their positions.

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Hi Gerry, Your philosophy is focused on principles that have been shown to produce above average results over time and your record has clearly proven that. Congratulations on a great blog and thank you for the hard work that you do in sharing and updating your ideas; it is much appreciated.