We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Total rev up 56% driven by interest income up 246%. looks like market re-evaluating the PE ratio which I think is circa 34x 2024 outcome BUT with c. 50% profit growth the PEG is 0.69. As rates not going down this year and I expect Wise to lock in rates well in to 2025, I think market has this wrong for now.
... thanks notrac.
I'm now considering selling up the day before the next results are due if the price drops like it did yesterday, to then buy them back the following day. Might be able to squeeze about 10% after expenses out of that... instead of losing it. But, will I have the guts to actually do it?
Momentum quarter on quarter is slowing, that's why.
... full speed ahead, and all looking good, and yet already down 10% this morning???. I just don't get it, I probably never will...
Tick
Does this company never pay dividends?
Https://www.fool.co.uk/2023/10/12/3-reasons-why-the-wise-share-price-could-be-primed-to-soar/
That’s a super RNS. Incredible growth!
I would be surprised if we didn’t see a major re-rating from todays announcement. It’s only going to get better as well!!
Well done
Here it goes.....
Break 670 area today and then clear skys
On 20th Dec, CFO Matthew Briers granted almost £2M in shares....as part of "long term" share scheme. Market no likey?
I think you make a good point, startups like this are always a danger...im a little biased as I owe Wise stock so take what I say with a pinch of salt, but my counter argument is below:
For me this industry is all about costs, reputation and innovation. You need low costs to ensure you can keep fees low. You also need to ensure you have a good reputation for people to trust you with their money. You also need innovation to keep you ahead of a market that has a range of options already - depending on your use-case.
Wise is focused on cost, has a very good reputation and is committed to developing its app and service - there is a potential for something like Atlantic Money to eat away at part of the market. But dont forget a lot of people still transfer money through much higher-cost banks, and other services like Western Union etc (which are also more costly) and so there is room for Wise to grow there with its growing reputation and low fees - plus those services tell me that it isnt always about cost that will keep customers coming back to you - reputation and recognition also matter.
My other thought is that firms like Atlantic Money will at some point need to make money - they cant keep their fees low for ever unless they really take mass market share or really can keep costs low - two things I think the jury is definitely still out on.
Wise is intuitive and easy to use with massive growth. As a FinTech company customers are looking for transparency ease of use and speed. Wise has this nailed. Coming from a tech background its obvious wise is doing things that pleases its customers. This will grow more and more. Get in now still way more room despite valuations.
Agreed. Investor relations leave something to be desired, at one point I had hopes we would get a more interactive OwnWise section, at least on the web interface, but nope. Always worthwhile through to feed things back into the next retail investor online meeting, these are pretty responsive.
On the bonus distro, same here, changed brokers mid course and Wise therefore defaults to a cash bonus now :[
Just received an email from "Julia" saying my bonus shares have been approved and should be in my trading account soon.
Problem is they've only allocated <10% of the bonus shares expected. Not good.
Also, the email address "Julia" used is not monitored, so it's a real ball-ache having to go through the website help centre to follow this up.
It needs a crypto offering ....
Anyone else think that the P/E ratio is absolutely crazy at these levels?
I understand the potential of this company, but as previously mentioned on this chat, I strongly believe that there will be a bunch of other offerings in this line of business over the coming decade which will only get more competitive.
Additionally, the feedback of Wise’s service from customers on this board concerns me! Wise needs to ensure that they have the operational foundations / customer experience right before scaling!
Certainly an interesting startup, but they are early seed with <10m VC, only just launching, and we know very little about them and their cost structure. Early days I would say, and they only have an iOS app atm (anybody tried yet?). Lets see how many signups and transaction volume they report by eoy. By then we should also have the first AML/KYC stories on trustnet, as tends to happen with payment services providers operating in the UK. Then sometime next year when we get a chance to see their first reporting, that will be a good moment to look across from a Wise perspective. My tuppence anyway :)
Never had any problems, used for years, 5 figure sums. There are though reports online of trouble if you cannot demonstrate clean AML which imho is as it should be, you'll be asked the same by your high street bank if you wire them 100k from some geography and then try to take some out again.
Great play on the current momentum btw, lets see what yield the OwnWise share programme will achieve. Has anybody done the calcs, now that shares have just been set aside?
... so far so good. I've been with Wise now since the end of 2021 and have yet to experience any trouble with them whatsoever. I have though, only made smaller, everyday payments using their their debit card and have yet to make any withdrawal of a 'large' sum. You mentioned ZaraSummer, that they won't allow a large transfer. How much, in your opinion, constitutes a 'large' transfer please? You've got me a little worried.
That's good to hear, I was just like you before all trouble started. I even recommended to many expats. wait until you hold a large balance with them and try to transfer out after a few month, they won't let you.