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.
CR
Wise is a dead cert for a takeover, it’s not a question of if, it’s a question of when.
There’s been very little M&A activity in the financial sector since the financial crisis, but all that could change. Valuations for UK banks are paltry. Once again you’ve got this issue with an intellectually challenged market, incapable of valuing shares fairly. Add to that factor the weakness of the pound and you have virtual bargains for overseas buyers. That’s why all our decent British companies get taken over.
Morgan Stanley & Goldman Sachs must be running the rule over Barclays. Barclays shareprice trades on the cheapest book value of any ftse100 stock.
As for Wise, I believe it will get swallowed by a big bank. HSBC would be a front runner. £8.50 a share would be enough to close the deal.
Does anyone here use this company? their compliance procedure for transfer has been beyond painful over the last year. Seem like they hired a lot of inexperienced people (or robots?)
.... & then they 'buy' them back again. What's the game here? No comprendo.
Could same happen to Wise ?
Well I've done very well in this share.
The next share to have massive potential is Asos.
All time low, massive dominant market position, and big potential to double in share price of next couple of months.
I see Megan Muir reducing their holdings here, and that, after buying in at around the £10 mark (I presume). Can anybody possibly explain to me why they would do that please? I wouldn't have done it so am I missing something? Perhaps I'm too stoopid!
Wise is great, just wishing that I had bought more at 300 , great service and saves me money.
... as of today, not with too much yet, I would not ordinarily have bought into these yet but I've jumped in anyway and want to see where we go from here. Afterall, it's only money.
I've been using Wise for a little while now, testing it out and have been quite happy with it so far. Even tried converting GBP to EUR & USD but I don't know if this is the best way to be playing with currencies.
sp 542p now 303p, when asked about the last transfer I said it's taken 4 days it used to take 10 seconds. see what you see don't see what you want to see, and consider the global customer base. I can transfer £200 in seconds but £5k takes 4 days,
Sorry Jon, at $4billion market cap with only £113 million in FCF - a P/FCF of 40 - this could easily fall another 50% and still be quite an expensive stock to own.
A few big buyers could really screw the auto trader's from here.
Finally hit the bottom, massive upside potential.
With crypto markets crash, people will be moving money about use fiat currency again, hence the fresh increase in Wise customers.
Secondly, with the growth of cyber crime, using Wise as a payment system and keeping a limited fund is a safe way to avoid criminals accessing your main bank accounts.
And thirdly, as more of the world goes paperless cash, transfering the money for travel or holiday use is growing.
Hence why there are massive orders trading currently, as the big boys load up while the share price is depressed.
CEO investigation is his personal problem, I was also reading on hl they think wise can be good in recession as well. https://www.hl.co.uk/news/articles/3-shares-that-could-thrive-in-a-recession
It's a buy and hold market at the moment.
All shares are being dropped in very violent attacks, and PI keep sh/ting their pants and selling.
As long as you haven't bought a share for an overinflated price, then sitting on hands till after the summer is considered to avoid making loses and selling when the prices bounce.
Wise are making profit and growing, the matter with the CEO has happened before and really is a case of someone that has a lot of money trying to retain as much as possible which we would all do.
Wise are heads and shoulders above a lot of similar companies, and more users going to them as a way to protect online transactions and exchange foreign currencies.
i noted that yesterday morning, Buys at one point 2 to 1 and the MMS kept dropping the price. Its a very manipulative game at the moment
This share price is currently in control by the big boys. Look at the post trading yesterday.
They are loading up at this price to gain hold position for the long term.
I don't see his comments as ramping, I am in this company at what i thought was a cheap, Not so wise now looking at the SP, But the way the SP is now, Its one for the bottom draw.
I did Email the company IRs 2 months ago...
Here is the reply
Thank you for the note and concern.
As you may know the entire fintech/ technology industry has experienced share price depreciation as the broader market has sold out of high growth / tech names in preference of staples. Since our time of listing July 2021, Wise LN is down ~55% and ~49% YTD, this compares to industry peers Paypal is down 72% and 56% since July 2021 and YTD respectively, Remitly Global down 50% YTD to name a few.
Seeing the share price today compared to when we listed in July is hard for us too. However, we take a long term outlook and see this merely as broader market frictions. Since the time of our listing Wise has increased our guidance and also beat that guidance, continuing to be profitable and growing both our customer base and internally growing with hiring. We anticipate our revenue to be up ~30% this year.
Hope this helps
Many thanks,
How is anything i said a ramp.
Those buys literally happen.
And the company RNS yesterday literally said they are showing growth and in profit.
The CEO fraud thing is a personal dispute about their personal accounting and nothing to directly do with the business.
Seems you are falling for the doom sayers and share thrashers but not reading the actuals or facts.
Stop ramping without supporting evidence. How can we invest in a company whose CEO is under investigation for possible fraud? Please tell me as I may be getting tempted if the SP falls below 275p this month.
29-Jun-22 11:21:26 305.80 276,437 Buy* 845.34k O
29-Jun-22 11:21:17 305.80 250,000 Buy* 764.50k
I am looking at using Wise - looking into it at the moment
but from a share price point ...the admin expenses are still high and the profit is still way too small in relation to the £4,364m MCAP ..difficult to value
I would imagine the market sees revenue dropping if recession comes but doing better if economic spending rises....if revenues drop how are they going to control the expenses ?
I concur gents
Same, I use this as my main spending account to give a layer of protection online.
I know tons of people that are switching to this app for holiday money exchange too.
Good price to buy and hold
Likewise use their service frequently, simple and cost effective but couldn’t be tempted at the IPO Price. Generally problems follow on once greed of Directors and Financial Advisors dictates issue price. Personally thought 350p would have been more realistic and destruction of SP wouldn’t have happened with the resultant knock in sentiment, but that’s of little consequence to those who exited on the Open !
I've used this service since 2016 and love it..seems like a good opportunity at these prices