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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.
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