Middle of April. (Quarterly reports use to arrive in the middle of Jan, Apr, Jul and Oct) |
When are next results expected ?Thankyou |
I mean, you've not posted here for at least 2025 or ever, yet come on with a jibe. But thanks anyway, i'll save the hassle and stick you on filter.No idea why people get so menstrual about their positions. |
You mentioned LSE:RPI on this thread and I responded as I amongst various follow LSE:WISE hence why I am here! |
This is the WISE thread, can we stick to WISE please.Maybe you can answer my question I put on the RPI thread, about RPI? |
LSE:RPI doesn't have a potential double top |
:)It does mirror the RPI one. |
Perhaps he is concerned about a potential double top? |
Exactly.There's not always a sinister reason for flogging! It's not a red flag unless a dog penny share lifestyle company. |
He can't sell if he has inside info. Probably just buying a fancy car! |
Perhaps he has a tax bill to pay. |
Because
Obviously he doesn’t think he is going to be able to sell higher in the near future and he has inside info |
Why?Doesn't everyone sell for a reason? It's gone to new highs, of course people will cash some in. |
Yep, index inclusion and no bid protection could put a light under the shares - only 17 months to go! |
Class B shares were created at time of flotation in June/July 2021 with a 5 year lifespan. They carry 9x the votes of ordinary shares and were put in place to protect the founders. Hence June/July 2026 is interesting as the share and ownership structure will be normalised. |
Hi, Read post 504, (not by me).
Wise has shares with enhanced voting rights which, in this case, mean the founders can control whether Wise is taken over. I think they are also part of the reason Wise is not eligible for inclusion in FTSE100?
Worth noting this structure is common in the USA and would not prevent index inclusion there.
Have to admit, till I read post 504, I was not aware Wise’s B shares were time limited. |
Hi Millipede.I've never quite understood B Shares. If you have time perhaps you could explain why July 2026 could be significant Thankyou |
 SWIFT is the secure communications network for payment messaging between banks. Whilst SWIFT is used synonymously, it is the ancient method of Correspondent Banking - bilateral agreements between banks that moves the money.
Before telecommunications banks in different cities transacted by way of letters 'correspondence' between each bank - hence the name - Correspondent Banking. These letters would be sent by horse backed couriers.
As there was no central clearing the settlement position between banks would be tallied in a pair of ledger accounts kept between them - 'Nostro and Vostro Accounting' the term still used today. 'Nostro' Italian for 'ours' and 'Vostro' for 'your' dates back to its invention in 13th Century Florence. In practice, it might take several separate transactions between a chain of banks for money to get to the ultimate beneficiary, with each bank sitting on the money and taking a fee. Hence, the time taken for the payment to arrive and exactly how much arrived was uncertain.
Whilst SWIFT has effectively updated the communications - the laborious 13th Century book-keeping and point-to-point bilateral relationships remains.
It is with this 13th Century created Correspondent Banking that WISE is competing - SWIFT is just the comms network. |
Sorry, I don't know any of the details |
Do you know how HSBC did the transfers? Using Swift or something like the Wise platform?
In their last interims, Wise stated their aim to provide $10,000 transfers to customers for $10, with costs to Wise around $5, against current Swift/ traditional bank customer charges of $200 to $400.
I would be amazed, in fact I think it would be impossible, for Swift users ever to get their cost base anywhere near the $10 Wise will be charging customers. |
Milli, HSBC already tried to set up a competitor to Wise - they just shut it down! |
"It is possible, perhaps, for Swift to become quicker.."
To compete with Wise and other FinTech companies, SWIFT launched SWIFT gpi (Global Payments Innovation), which:
Speeds up cross-border payments
Provides tracking like parcel shipments
Reduces uncertainty with clear fee disclosures
However, GPI adoption by banks remains uneven. |
“The B shares elapse on the fifth anniversary of the float which is july 2026. at that point this company goes in play. someone like apple and google could snaffle this up and take it up another level“
Does anyone know which aspects of Wise’s articles of association prevent it being part of the FTSE index? I know the listing rules have recently change, and according to last interims, Wise is looking again at this. Is it the B shares?
If Wise were admitted into the FTSE100 (its current market cap is more than big enough) there would be a lot of institutional buying IMO. |
Eagle, Thank you. I appreciate the details. But FWIW I am not suggesting banks lose their income to Wise. Monzo uses Wise’s platform but doesn’t lose all the income. It simply contracts out its money transfer platform to Wise. Monzo’s customers still see this as a Monzo currency transfer.
What we often talk about here is Wise Retail - the likes of you and me making money transfers. This is not IMO where Wise’s massive potential lies.
It is possible, perhaps, for Swift to become quicker but note it does transfers in a fundamentally different way to Wise. Swift actually moves your money across borders. This takes time and requires intermediaries, which are part of the expense.
Wise uses money that is already where you want to send it, so there is no actual cross border money transfer at all, and certainly no intermediary. Only an agreed exchange rate to debit your account here and add to the account there.
Edited: Fundamentally I think customers will want the cheaper, faster service. So if, say, HSBC continues to use Swift, they will inevitably lose customers. HSBC clearly has the global financial reach to set up a competitor to Wise but whether it, or any other bank, has the tech skills to create something similar, I do not know/ doubt/ suspect they would already have done it if they could. This leaves the third option: contract out and use Wise’s platform, keep your customers happy (who wouldn’t see a Wise Transfer but in this example, a hypothetical HSBC transfer) and make some money rather than none.
ATB TM |
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