Half year earnings release tomorrow. It looks many people expecting a good result #me too |
Can anyone shed light on the impressive strength today? Feels a bit more than a broker tip. |
MrScruff, maybe the 5bn of cash includes that held in client accounts? |
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. |
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/ |
“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;️ |
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. |
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 |
Wow, nice results. |
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. |
 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..... |
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. |
This is being roasted. Must be a new short position opened.Sorry for holders |
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. |
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. |
Damn! Missed it! |
There was a second attack, bounced back again quickly. I have no idea what's going on here, it's not a dodgy small AIM share to play with the share price like this... |
The bad news is surely the potential for interest rate cuts by FED, MPC, ECB etc which will curtail their interest income. Lots of talk of a 0.5% rate cut today........ |
Individual companies don't just dump 22% out of nowhere, especially not companies as big as Wise.... I wouldn't mind betting there's bad news coming and insiders are taking full advantage before its released.Air on the side of caution I would |
kicking myself! |
There was a minute today around 13:27, when the share price dropped to 565-580 level. What a great opportunity for some lucky traders. Crazy moments.... |
Comparing the figures from 4th quarter 24 to 1st quarter 25 would indicate that growth is really slowing. Staying on the sidelines for now. |
Wise plc posted impressive Q1 FY25 numbers this morning. The business recorded a 26% YoY increase in active customers to 8.4 million, which fuelled an 18% YoY increase in volumes to £33.2b. Underlying income grew 22% YoY to £325.4m, with continuing growth in deposit balances (23% YoY) and strong card and other revenue growth (55% YoY). Guidance was also pretty upbeat, management are continuing to expect strong growth in FY25 with underlying income expected to grow 15-20% over FY24. Valuation is a little unhelpful with forward PE ratio at 22.9x, the share price also lacks longer run positive momentum indeed it remains below its listing price from 2021. There is a lot to like here in the business, it is a clear growth play, but there is no particular rush to buy and the company does not pay out a dividend either. One to monitor for the time being...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/WISE/837 |
Is that for your ladyboys ? |
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