RE: Big buyers turning up - company in profit and growing!29 Jun 2022 16:27
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,