About this time four years ago, China-based analyst and short-seller J Capital took its third stab at ASX-listed WiseTech Global with a report headlined “WiseTech may be the first corporate death from Covid19”. This week the logistics software company (ASX:WTC) was very much alive and kicking with its share price hitting an all-time high, above $90,… Read more »
ASX-listed WiseTech Global is back in acquisitive mode, snapping up Melbourne shipping container marketplace MatchBox Exchange. While the cost of the acquisition was not disclosed WiseTech (ASX:WTC) announced it had issued 445,769 new shares, worth around $27.6 million, “to the vendors to part-fund the consideration in relation to the acquisition of MatchBox Exchange”. MatchBox Exchange… Read more »
ASX-listed WiseTech Global’s ongoing M&A spree continues with the US$414 million (A$602m) acquisition of US rail logistics company Blume Global. The deal comes just three weeks after Sydney-headquartered cargo software behemoth announced it was acquiring US logistics management software startup Envase for US$230 million (A$327m). WiseTech’s billionaire founder and CEO, Richard White, also snapped up… Read more »
ASX-listed shipping platform WiseTech Global has acquired yet another tech company, snapping up the US logistics management software startup Envase for US$230 million (A$327m). Founded in 2020, Envase Technologies supplies transport management system software for intermodal trucking and landside logistics in North America. The acquisition deal is with private investment firm Firmament, and several other… Read more »
ASX-listed logistics company WiseTech Global has pledged 1% of its annual pre-tax profit to tech education through Grok Academy as part of a five-year deal. The deal, which kicks off with an FY22 contribution of more than $2.5 million, will see K-12 students enhance their digital skill in the hope the experience will encourage more of… Read more »
Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
China-based analyst and short-seller J Capital took another swing at ASX-listed WiseTech on Thursday as the logistics company reels from the impact of coronavirus on its bottom line. It’s the third time J Capital has released a report critical of the Sydney-based software business, which it has shorted, in a long-running attack over the… Read more »
Happy humpday. We hope you’re being paid the right wage. 1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »
Shares in Sydney-based logistics tech co WiseTech Global (ASX: WTC) have fallen more than 6% in early trade today, amidst the company’s AGM, as China-based short-selling nemesis J Capital launched a fresh attack on the credibility of the business. WiseTech shares fell more than 10% to below $26 on Tuesday morning, despite an upbeat presentation… Read more »
WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years The company’s share price was up more than 1000% since its IPO in 2016 A China-based short-selling research firm has accused the company of inflating revenues and hiding performance WiseTech denies the allegations but its shares have fallen more than 20%… Read more »
Wisetech Global CEO & founder Richard White. WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »
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