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Wirecard has been insolvent since 2020 and is already being liquidated. The share was delisted from all stock exchanges in Germany in November 2021, with the exception of the secondary exchange in Hamburg. Market observers are currently examining the extent to which the listing of the scandalous share still meets the legal requirements. Wirecard shares are dead meat in my opinion.
Not check for while as not on the IG app showing heavy loss but maybe hope still need a ?? rise to make money lol
Could do with some luck on this ?????
.... about today’s 50% rise?
Hi troops got over 10k in this at 0.59 and still live in hope any thoughts ?
...'nuff said for now Piler thinks!
BTW - some sources mention much higher value of missing assets up to 3.2B (thus extra 1B), therefore it's much worse..
Yeah, I'm surprised someone even ready to take such a risk, writing off billions of assets while having 2.3B of equity? After such a negative publicity customers are running away - thus nothing good is expected on revenue side, costs won't go anywhere (although they do work hard on drastic reductions).
Liabilities won't go anywhere!!!
Take 2.3B equity, deduct missing 2B, write off goodwill (0.75B) and other asset devaluations (fire-sell, instruments down with market, defaults/impairments on ARs, part of intangibles, etc.), finally deduct losses for period (OpEx incl. interest on debt) of say 200m-300m per quarter..
it all results to say 2.3B-2B-1B-0.5B = -700M of negative equity.. non-existing profit-generation capacity (loss-making) due to highly negative public image (fraud) ... it really unexpected to see capitalization of 150m here because clearly there's nothing left for shareholders, even debt holders loosing money here (even though not completely) , what people are hoping here for? It's a clear case for permanent loss of capital.
These are being manipulated big time. As market cap is quite low, it is easily done with just a few mln.. Typical pump and dump. You can ride the waves, but be prepared to go under with one.
How can these shares be going 70% ?????
https://www.zerohedge.com/markets/wirecards-no-2-has-reportedly-fled-russia-handelsblatt
Yes not looking great. Going to stick with it as I haven't much tied in but 50% down so would be annoyed if I pulled out and it suddenly flew.
I think it tripped and fell down a flight of stairs
"Are we seeing another small bounce here chaps after a week or so of nothing..."
No
I think this is a case of wait for news - the share price is bouncing around the same levels as day traders and short squeezes happen. Shorters buying and day traders selling.
It's at a level I think people feel the risk is worth it I think it will be sub €2 if no news this week as people pull out to invest in other things.
Yes not sure the cats dead yet. Haven't seen any organisational update .
Are we seeing another small bounce here chaps after a week or so of nothing...
If Wirecard has net debt and lenders (creditors soundeth less craven!) are handed the reigns after any sort of covenant buggereth, leg it to the hills if the word "restructuring" ever be mentioned! If this can be avoideth, however...
It's a shame the statement didn't mention shareholders.
The group - loses assets which means it loses value -
What happens to our investment if the company is sold in to little chunk to many different buyers?
Wow, could be good news - at last! it will need to climb a bit higher though to recover my earlier losses :(
BERLIN (Reuters) - The administrator of collapsed German payments firm Wirecard said on Tuesday that more than 100 investors have expressed interest in buying the company's core business and its holdings.
"The aim is to find timely investor solutions in the interest of creditors, employees and customers," Michael Jaffe said in a statement after a meeting of creditors.
Jaffe added that the sale of Wirecard North America's assets was most advanced, with investment bank Moelis & Company already mandated to support such a sale.
Wirecard filed for insolvency last month owing creditors 4 billion euros ($4.5 billion) after disclosing a 1.9 billion euro hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.
(Reporting by Emma Thomasson; Editing by Edward Taylor)
Why what's the latest news on reuters