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Credit Suisse cuts Wise price target to 640 (800) pence - 'neutral
Wise is more of a banking service on top of FX, they are also making money through those banking charges
That's the point. Every tom dick and harry ARE opening one.
Starling is not using WISE API anymore and startups from Silicon Valley are going to undercut the competition.
I was hoping for some reasonable arguments against why startups like Atlantic.money will not kill Wise but seems as though there's no counter argument.
That is completely your choice whether you invest or not after all it is your money. Also when it comes to money exchange it takes time build reputation. Otherwise all the Tom dick and harry will be opening one.
Yes but 99% of people are using Wise for FX transfers regardless of what their website says.
Anyway, I won't be investing. Competition is clearly going to hurt margins soon.
https://wise.com/
browse on their website for what they do.
How is wise more than money transfers?
Their entire USP is cheap fx transactions for SMB's and Retail users.
Wise is more than money transfer at the moment. Directors are buying now maybe a sign of bottoming out, the market sentiments is bearish at the moment so diffidently nerves and patience needed
It's not a worse exchange rate.
They charge the market rate, I compared a £20k transaction on Atlantic Money compared to Wise.
Wise costs £80~
Atlantic costs £3
Wise takes a fee % at market FX rate.
Atlantic charges £3 at market FX rate.
Atlantic is the clear winner for any meaningful FX transaction
Lemonade, they charge a flat £3 but give a worse exchange rate. So they actually charge more!
A new competitor just came out that kills wise on fee's: https://atlantic.money/
They charge a flat £3 fee which is far better than WISE for medium-big transactions.
This seems like a race to the bottom in my opinion. No margins in this industry in the future...
What does everyone think?
Agree, a lie. Transaction times are very good. I have only had one slow transaction for a foreign currency transfer out of 100. That one slow transaction took one working day. Everything else was seconds.
Simply wall street states trading below fair value by 94.2%
That is a bare faced lie bangrak.
I have US and UK pension and live in EU i use wise extensively and have done for 5 years. From the beginning of 2022 transaction times steadily decreased my last 20 transactions averaged 10 seconds to actually being in the account.
Used this lot for 7 yrs they were brilliant until the day they were listed on the LSE. Now terrible transfers slow and poor customer service.
Despite the 50% fall -from IPO, this still has a £6.8 billion market cap on around £500 million in sales (growing 25% yoy). Will this ever reach a point where it becomes attractively valued?
The whole market is going down. Liquidity is generally poor because of crypto getting the money instead of stocks. Furthermore, Lithium and copper are in a short term bull run that still has legs and lets be honest, Wise it is expensive but a good product offering though!
There’s no real news to explain it
Toff
I suspect this is aligned to consumer spending and right now the sentiment is for lower consumer disposable income and fewer transactions as spending falls under pressure ...
You have to wonder whether the FED really knows what it is doing ?
Will all these IR rises actually happen ?
Wise is in meltdown; for the third consecutive day it has plunged.
There’s no real news to explain it but one need look no further than the shareprice action to see there is something really nasty in the pipeline.
There are clues in the shareprice. And as usual the city has received the news while retail investors remain in the dark.
It’ll only be when Wise has been absolutely trashed retail investors will discover the bad news. In the meantime institutions are dumping shares at any price while retail investors are holding and hoping. And even buying.
Will tomorrow bring another huge drop?
Probably
And the drops are getting larger by the day.
10th January 2021 - Brokers view on European payments technology.
Citibank analyst issued a [Sell] note for Wise Plc.
It therefore cuts over 'online' story with excessive growth expectations Wise to "sell" from "neutral".
Wise has lost almost half its share price value since last July 2021 IPO launch and since hitting an almost £12 a share last September.
I was uncertainly unwise, to buy wise. Shame, as it’s pretty wise, if you use wise for transfers; and I’ve wisely saved on transaction fees.
Should I $CA, or wait for the floor to be reached?
31-Dec-21 12:35:01 756.60 878,441 Buy* 767.60 768.80 7m UT
That's what they call a bull trap yesterday. All yesterday's gains wiped out piece shix
Probably his short got squeezed lol
In my experience current valuations can be tainted as little consideration is made towards future growth. I believe Wise's MEA & EM expansion plans will make significant inroads into the market share currently dominated by companies like Western Union. Or they could just get bought out. Well worth a mid-long term punt and a strong buy for me at a pre IPO price, but I can also see the short term investors point of view, but that's not for me.