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Oct
26
WANTED Technologies opportunities are getting bigger, and better, for shareholders
Posted by: Gerry Wimmer
10/26/2014
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TOP IDEAS: WANTED Technologies (TSXV: WAN) had a record-breaking year in 2014 and international expansion sets the agenda for future growth and stock price appreciation.



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.


Fiscal 2014 was a very big year for WANTED Technologies Corp. (TSXV: WAN - $1.13).

For fiscal year period ending June 30th, the Company reported that revenues grew by 39% to $10.1 million. With the revenue growth, WANTED generated record earnings of $2.63 million, about $0.11 per share for the year. As a result, the Company's cash holdings increased to $6.27 million ($0.26 per share). The Company remains debt-free.

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 provides its cloud-based information tools via subscriptions to its customers in North America, supporting its recurring revenue business model.

WANTED is clearly a leader in the field of human capital management big data analytics. In its most recent Management Discussion & Information (MD&A) public filing, the Company states it expects to see growth in demand for its information services for the foreseeable future and that the marketplace is just in the beginning phases of putting such analytic tools and assets to work on a daily basis.

A major catalyst for future growth is the Company's International version of its product platform launched in October 2014. This product platform includes data and analytics describing the talent marketplace in 20 additional countries. With the addition of these 20 countries, and including the current coverage of the United States and Canada, WANTED now offers human capital analytics for the 22 largest economies in the world to maintain its position as the leading supplier of data analytics, now on a global basis.

The Company expects over the next few years that the introduction of its international data platform will significantly increase its direct sales opportunities by marketing the new offerings to existing multinational clients with insights into labour supply and demand around the world. WANTED will also be able to secure new clients with headquarters outside the US and Canada.

The share price of WANTED Technologies has more than tripled since we first introduced this Company to small cap investors as one of our Top Ideas exactly two years ago (See: WANTED Technologies: A small cap that is delivering sales growth, profits and yet is still value priced.) Based on the Company's fiscal 2014 results the shares trade still for value, under six times Enterprise Value (EV) to EBITDA. Therefore, there is still significant upside potential for the stock price as WANTED continues to expand its market reach.

Further, shareholders could also gain returns with the deployment of the Company's cash for potential acquisitions, stock buy backs or dividends.

WANTED Technologies has 24.4 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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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.