Zak23 Nov 2025 13:08
https://zakstraderscafe.com/the-week-in-small-caps-november-23/13712/
wecap / weshop
this week saw the long awaited ipo of weshop (wshp) in the us. at one point shares of wshp were up some 500%. however, the share price performance of wecap (aqse:wcap) not only endured a rug pull down to the 1.7p zone, it is still at 2.4p behaving as if nothing special has really happened. while on x there are lots of back of *** packet see through valuations of what wcap’s market cap should now be given its wshp holding, what we do know is that at 2.4p the valuation is a joke. the situation has not been helped by tr1s from our friends at peel hunt who have reduced their stake in wcap from near 20% to under 10%. clearly, this has depressed the share price, and it will be interesting to see when they have got out whether the valuation of wcap will rise to what it should be. certainly, peel hunt’s intervention will have let bears in the stock off the hook, and those who believed that wcap would never ipo, or be a success in terms of its social commerce model. as a footnote one should keep an eye on, if / when wcap shares in the uk are allowed to take off, hot rocks (hrip) has 37,500 class a ordinary shares in weshop.