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I think it could double in 5 years time. Could be a buying opportunity. Worth noting though more and more people are shifting money into crypto rather than stocks.
BeingTheBanker
If you think that is bad ..look at companies like ITM, THG and even maybe Ocado etc ..... these aren't priced in terms of measuring P/E
Market values potential not arbitrary numbers in comparison sheet of a stock analyst. All those worried about valuation please sell. This is great time to sell just after accelerated bookbuild completion.
BeingTheBanker
PayPal has a valuation of $285.78 Billion
You have... not a clue..not a clue ..why.. and how ... Tech companies are valued ..
at 100p ...there would be a massive takeover battle ...800p is ..as much ..to keep all the potential company buyers ..away ....
(not so much priced for the retail investor )
There is no lockup period after direct listing. Taavet sold out is good thing, other one kristo is buying if you see insider trades. However, My opinion is "strong sell" cause my buy target is not reached.
Nuri
It wasn't an IPO as such - it was a Direct Listing ...and sure .. some of the Round A,B,C investors may well have sold with the price rise ....normal after such a listing .....best to be selling and not buying ..sure ..
But they make a profit and have a high credit rating and a Gross Profit Margin of 61.9% ... a business that can scale up easily in terms of customer numbers at low cost
Very much dependent on economic activity and travel - so if 2022 sees return of travel and economic growth - then the business should grow alongside it
I know this was a direct listing, but I thought the 180 day lock up rules were still in place, must have been 90 days.
In any case, the audacity of the owners to have their 'OwnWise' gimmick to convince retail to hold up to £2000 worth of shares for a year just to receive a 5% bonus. If I were a holder I would be a bit worried that there will continue to be a flood of shares being sold onto the market over the coming months.
Just bought at 806 . Missed out with the IPO when it went up so high and so quickly. It was always bound to drop at some point. Well it has now!
Placing done 815
Congratulations nuri123a if you shorted top, tomorrow will be rewarding.
50% dip from here would be great bargain price
25% Revenue growth, 36% customer growth, steady day in market and SP down 6.92% over lowering of future take rate. In case you have not noticed lowering of rates is their USP and will continue. They are taking on SWIFT/BIS not just ordinary domestic player, it's not for weak hearted. There will be shakedowns, initiate crab-21.
WISE has 4 million users. This values it at over £2100 per customer.
I presume you're shorting heavily nuri123a?
Dont get the attraction of this share one jot. Their sales are tiny and whilst they are expanding - they are sacraficing margin and are probably operating next to a loss. For such a market capitalisation - I can only see this share price reaching £1 or thereabouts. This is just about the best IPO marketing exercise I have seen - all you completely gulloble investors were sold a pup.
Well, I guess there’s two lines of thinking. At this mcap, there’s a long way to fall. I think for those of us that’ve used Wise, we’ve seen there’s nothing else in the world quite like it. If you’re making a major purchase and moving huge funds, you’ll easily save thousands of pounds in fees versus banks or Paypal. We save about £4,000 compared to the next cheapest option when buying a flat 5 years ago and another £7,000 this year when moving inheritance money over from euro. It has the potential to disrupt the whole system and, while not terribly innovative from a technological standpoint, if even a small percentage of people realise how much money they would save - and their market share goes up by just a percentage or two - the SP will be multiples of this. This is why I, and I imagine most previous users, stayed in…
Well, GL to all those that held tight, I got worried that today would do another -7% and sold yesterday for peanuts. But looking at today's performance so far, looks like I fell for just a classic treeshake..lesson learnt
Possible, but also unlikely, as this plan is in the making and no timeline was shared. When the HMRC broke the news with that fine to the CEO (from 2017!) the SP went down "only" 5%.. This is a much much bigger event, -30% in just a week, no RNS, no price monitoring, no company news, no analysis from any of the usual finance websites. Too big for a MM treeshake, this is not normal, someone in the know must have unloaded a massive chunk of shares but still they would need to declare it. Something is brewing
Possibly this development...
https://www.theclearinghouse.org/payment-systems/articles/2021/10/10112021_cross-border-ixb
np I am an investor too and a Wise user. Hopefully this fall is short term.....
Thank you for that link, I had read about the HMRC fine, but your post assisted answering questions I was pondering over thank you
https://www.fool.co.uk/investing/2021/10/05/the-wise-share-price-plunges-10-in-2-weeks-heres-what-id-do-now/
These may be why Wise has dropped suddenly over last week or so.
Any other news appreciated.
Same thing... wasn't able to find any news anywhere, other than it dropped. Great company, waited for 5 years for their IPO, so took the opportunity today average down. We'll see if that was smart...
Bought from the start - would also love to know what’s happening.
Appreciate any news.
The SP dropped more than 25% in just a week, anyone knows what's going on? I can't find any news