Wise Share Discussion Threads

[nash19] 25/11/2024 17:45

Thats a lot of volume today !

[mrscruff] 22/11/2024 09:04

lappuliisa, I speculate they will be targeting more income from net treasury income given that we are likely to have a higher netral rate of interest. Anyone share my opinion? The interest rate I get in fast accessible cash is too generous. I also encourage investors here to also take a look at ALPH thats is more under the radar of PIS'e being B2B.

[lappuliisa] 06/11/2024 21:20

I love the company but I can see the confusion from retail investor side when Wise decided to drop their fee levels.

"In the first half of FY25 we generated an underlying profit before tax of £147.1m, a 57% increase over last year with an underlying profit before tax margin that remained elevated at 22%."

"We expect the investments in pricing in the first half of FY25 to move us closer to achieving our target underlying profit before tax margin range of 13-16% in H2 FY25, from an elevated position of 22% in the first half"

So first they report elevated earnings and then they say that they target a lower profit range.
It's yet to be proven that the investment results in more customers and traffic, aggressively taking it away from competitors.

[martinmc123] 06/11/2024 13:03

5*
Wise plc posted another bumper set of Interims for the 6 months ended September this morning. The business operates in a huge, expanding market, with a small but growing share and it has huge growth potential accordingly, potential which is being delivered on. Active customers increased by 25% over the period, in H1 FY25 alone the Group helped 11.4m people and businesses move and manage their money around the world. Customers moved £68.4bn with Wise in H1 FY25, an increase of 19% vs H1 FY24. This robust growth...from WealthOracle

wealthoracle.co.uk/detailed-result-full/WISE/949

[hericsaba] 06/11/2024 10:06

Up 14% in two days, that is fair I think...

[molatovkid] 06/11/2024 08:48

strangely you wouldn't know it from the market movement

[nash19] 06/11/2024 08:01

Omg what a set of results. This company is worth 2x current value.

[tradertrev] 05/11/2024 17:34

Thanks Lappu - that would do it!

[lappuliisa] 05/11/2024 14:07

Here's why it's up:

Standard Chartered Partners with Wise Platform to Transform International Payments Experience

In a significant move to strengthen its retail cross-border payments offering, leading global bank Standard Chartered has announced a partnership with Wise Platform, Wise’s global payments infrastructure for banks, to power faster and cheaper international payments for the bank’s cross-border payment service, SC Remit.

The partnership will allow Standard Chartered’s SC Remit customers in Asia and in the Middle East to send money in 21 currencies including USD, CAD, EUR, GBP, SGD, HKD, JPY in a matter of seconds all while being fully transparent on pricing — customers getting the mid-market rate with no markups.

hxxps://www.businesswire.com/news/home/20241104600938/en/Standard-Chartered-Partners-with-Wise-Platform-to-Transform-International-Payments-Experience

(to fix the link replace hxxps with https)

[hericsaba] 05/11/2024 12:47

Half year earnings release tomorrow. It looks many people expecting a good result #me too

[tradertrev] 05/11/2024 12:26

Can anyone shed light on the impressive strength today? Feels a bit more than a broker tip.

[steve73] 03/11/2024 05:12

MrScruff, maybe the 5bn of cash includes that held in client accounts?

[tradertrev] 02/11/2024 18:07

As at 31 March 2024 net cash (excluding leases) was £858m. Mkt cap accordong to Hargreaves Lansdown is £7.24bn so I would say EV is £6.382bn.

[mrscruff] 02/11/2024 13:44

I have the enterprise value of WISE around the the £9.6 billion mark given net cash of £830m. Am I correct in thinking Stokapedia have it completely incorrect in thinking it has £5billion in net cash or are they accounting for something I have missed? hxxps://www.stockopedia.com/share-prices/wise-LON:WISE/

[trader465] 16/10/2024 22:28

“how poorly FTSE plc is generally doing. The market is relatively terrible”

Did you not see wise up 100% in 2 years? And the FTSE plc steaming ahead and making continual new all time highs for the last year or so? 🤷‍a94;️

[nash19] 16/10/2024 22:19

I just cannot understand how a business like this is so cheap. It's seriously undervalued and really does show just how poorly FTSE plc is generally doing. The market is relatively terrible compared to others.If this was US listed it could arguably be double this value.

[martinmc123] 15/10/2024 10:19

5*

Wise plc, the money transfer firm, posted an upbeat Q2 FY25 trading update this morning. The number of active customers using Wise grew by 23% YoY to 8.9m in Q2, driven primarily by existing customers recommending Wise. This increased demand fuelled a 20% YoY increase in cross border volume to £35.2bn, a 20% YoY increase in customer deposits and a 49% increase in card and other revenue...from WealthOracle

wealthoracle.co.uk/detailed-result-full/WISE/872

[nash19] 15/10/2024 06:54

Wow, nice results.

[mrscruff] 12/10/2024 11:43

Thank you steve73. I too used their service for the first time and got the card, but only for my trip abroad. The service is very slick and can be used in countries with closed economies like Sri Lanka. I used to hold CHRY (MERI back then) but now as interest rates could stay higher for longer I am bullish about these types of stock. It can be easy to disrupt a disruptor so an investment here has to be monitored to se ehow good its moat is.

[steve73] 12/10/2024 07:07

MrScruff, as a user of Wise for currency transfers, I keep an eye on how many transactions are being done in total, based on wise' transaction reference numbers for either external transfers (usually a fixed fee), or the other for internal transfers (no fee) and currency conversions (a % based fee).

Somebody using Wise to make a simple currency exchange by funding it from a "Home" account and paying it into a "foreign" account would entail 2 external transfers and one internal conversion. This is how I used to use their services. I would do this around 1 or 2x per month.

However, more recently I now fund my GBP account on a quarterly basis (paid direct from my pension provider), then make a series of smaller conversions potentially upto 10 per month (mostly limit orders), followed by just one transfer every month or two to my foreign account. In addition I make use of an interest paying "Jar" whereby I make one transfer per quarter into the jar, and around 3-5 transfers out per month to provide the necessary funds for the limit orders. Clearly, I now have many more internal transactions (although effectively the same net fee as before), and a few less external transactions (thereby saving me some small costs).

Over the past 4-5 years the total daily average number of internal transactions (based on Wise' unique reference #s) has increased from c. 200 thousand to around 4 million now, whilst the number of external transactions has increased from around 200 thousand to just over 1 million now, as I suspect more of their customers use the account in a similar fashion to myself.

But overall, their usage has increased substantially, and perhaps goes someway to answering your question.

And as a "User" I'm more than happy with the service they provide.....

[mrscruff] 11/10/2024 11:26

Interest rates will be factored into the share price even when stripped out of results. Out of interest how do they make operational income...on fees alone?

I would also look at ALPH as a play on the theme.

[semperlucrum] 10/10/2024 09:40

This is being roasted. Must be a new short position opened.Sorry for holders

[nash19] 09/9/2024 22:41

Nothing going on, london fintech is just not well valued. Revolut will IPO next year for a comparably much higher valuation on US exchange. Wise will either benefit at a minimum or surely be taken out by a larger traditional bank or technology co. For over 1200p imo.Goldman have just reiterated a target price of 1150p. Bring it on.

[tradertrev] 06/9/2024 10:16

More like Wise down! Anyone know what's going on? P/E of under 20x historic for profitable cash-generative fast growing company and a quality rare tech stock in the UK.
They've even stripped out "excess profits" achieved from current high interest rates, so there shouldn't be any worry around declining interest rates.
Not sure what's not to like.