Wise Share Discussion Threads

[1pencil] 10/11/2021 12:01

Stutes10 (132)

Agree with some of your points but not everyone thinks Wise is cheap, as of last month nearly 4% out on loan, also see comments on LSE board for additional views.

The last update indicated margins were under pressure and likely to remain so into next quarter, add this to the other points raised and the valuation looks full imo.

[glavey] 10/11/2021 11:56

Gosh, you mean it's time to wise up?

[stutes] 10/11/2021 09:08

I read how London market is cheap compared to other markets around the world, we see UK firms being bought or sold on to foreign buyers; Ryansir talking about delisting from London or Cazoo listed in USA. Overall London assets are trading a discount and firms like Wise should vote with their feet and secure higher valuations than London post Brexit is prepared to value them.

[stutes] 09/11/2021 15:57

3 weeks today and we will see how well Wise has performed.

[1pencil] 08/11/2021 20:34

I guess it depends on their objectives, where they see ownership of the company further down the line.

As investors we can only go by what we see and the information made available to us, whilst the prospectus is helpful and very detailed there's also a lot to way up when looking at risk v reward.

Investors large or small would have no say in the direction of the company due to A and B class of shares and voting rights attached.

A standard listing is also unusual which adds another dimension in terms of risk, it appears they don't have a NOMAD or broker

Add in the recent selling by Chairman and now CEO it makes me pause for thought.

[stutes] 08/11/2021 18:36

Should Wise follow other plcs and delist from London Stockmarket?

[1pencil] 07/11/2021 15:36

Company: We want to go public with dual-class stock.

Bank: Well, as your adviser on how to go public, we should tell you that investors do not like that, and we recommend against it.

Company: Hmm but we really want to have all the votes for ourselves.

Bank: Fine, but if you do that it will reduce investor demand and risk lowering the price you get in your IPO.

Company: Do you have any data to demonstrate that? Is there a list of recent IPOs that failed due to dual-class stock?

Bank: No they all pretty much go fine, I mean Snap Inc. was able to sell zero-vote stock in an IPO.

Company: We’ll just do that then.

Bank: Okay but we’re warning you that investors might push back.

Company: But they probably won’t, right?

Bank: Right.

[1pencil] 05/11/2021 13:25

There's another TR1 RNS today.

CFO has sold what looks to be another 872k of shares, never good at reading these TR1's but this seems to be the gist of it.

That's a lot of shares for the market to absorb with such a limited share holder base.

[1pencil] 05/11/2021 12:34

Was there a reason given on the TR1 notification, similar to CFO's disposal this week?

'2. Disposal of shares to cover tax and social security liabilities

The CFO selling does concern me due to the size of disposal and potential frequency, options vest on a monthly basis so could be repeated?

Despite it's capitalisation, Wise doesn't qualify for inclusion into the traditional indexes (FTSE250, FTSED) so unlikely for regular fund managers being able to purchase.

[marnix1] 05/11/2021 11:42

Anybody any idea why the CEO sold shares??Is it to invest in his company or leaving a sinking boat??

[marnix1] 04/11/2021 13:09

Do you mean 850??

[marnix1] 04/11/2021 13:07

Thanks!!??

[1pencil] 04/11/2021 12:44

This share is a real dichotomy for me. On the one hand as a user I rate it highly, as an investor perhaps less so.

Yesterdays RNS on options disposal by CFO is imo excessive and could repeat monthly.

It's not often you see a Tr1 with a reason given for the disposal, but there it is, all of which leaves me questioning what is actually going on here.

Time will tell but happy to remain a user only until a clearer picture emerges.

[tantanmam] 04/11/2021 12:31

or type into google
Korean online payment service Kakao Pay surges nearly 114% on the first day of trading

[marnix1] 04/11/2021 10:54

Link doesn't work?

[1pencil] 01/11/2021 21:40

25th October 21

"From today, any of The Orchard’s labels can access Wise’s lightning fast and low cost cross-border payments, using The Orchard’s Collaborators tool. When using the new feature, a label can select who they wish to pay and opt to automatically convert currencies and send money to multiple artists in a single payment 一 all at the mid-market rate.

Steve Naudé, Head of Product, Wise Platform, said: “We are proud to be teaming up with The Orchard to bring cheaper, faster, more transparent payments to the music industry, and help make royalty payments to The Orchard’s artists as quick and as easy as it is for us to stream music today.”

Wise Platform enables banks, financial institutions and companies like Xero and GooglePay to tap into the Wise infrastructure and offer cheaper, faster payments to their own customers."

[1pencil] 31/10/2021 10:23

Following on from an earlier post, the Wiseowners scheme is an interesting concept. It appears to be aligned with the direct listing principal of public ownership rather than traditional institutions holding shares.

My own investment in Wise was driven simply by using their services, other reviewers have also opted to purchase shares which seems to be a common introduction to ownership and could grow as the scheme is rolled out to different countries.

trustpilot.com/review/wise.com

Wise has a good brand which goes a long way in the world of money, so many high street names have come unstuck with IT failures, excessive charges and hidden fees, Wise could do well if it keeps up this level of service.

With the slow demise of cash and cheques this is a very viable day to day current account in more or less any country.

[1pencil] 28/10/2021 19:37

Indeed, it can't be too popular with those early adopters of Ownwise scheme either, price remained well above current levels which is where many would have purchased.

The second round of Ownwise launched earlier this month to a much wider audience, again could be a similar scenario which may inhibit further schemes.

Not sure on actual figures but recent release indicated 125,000 have shown interest.

"Since launching the programme in June 2021, 125,000 customers in the UK and Europe have expressed their interest in participating in OwnWise. Wise is now expanding eligibility of the OwnWise programme to its customers in the EU."

Ironically, these are Wies own customers, so may well receive feedback quite regularly.

[stutes] 28/10/2021 15:07

Three to four months post ipo Wise share price is a disappointment, not helped by the recent share sale by the Chairman.

I wonder how many ipo's have been delayed as result of the fallout from Wise, Deliveroo etc.

[dabekt] 28/10/2021 14:45

It will never be 100% collateral against one stock. More likely to be 50% for one stock, c70% against several blue chip stocks. IMHO

[1pencil] 27/10/2021 23:44

Goldman Sachs must be pretty okay with taking Wise stock as security, that said we don't know what the loan amount is, percentage wise (excuse the pun).

Taken at 100% it's roughly 325m plus the shares actually sold bringing the total up to arou8nd 400m GBP, that's big bangers by anyone's standards.


From 26 October 2021 RNS

"OÜ Notorious entered into a loan agreement with Goldman Sachs International Bank whereby OÜ Notorious granted security over 39,649,572 class A ordinary shares in the Company. Taavet Hinrikus remains, through OÜ Notorious, the beneficial owner of the shares subject to the security and retains full voting rights."

[stutes] 27/10/2021 07:42

hxxps://www.cityam.com/legacy-banks-fintech-monzo-budget-rishi-surcharge/

Today's Budget should not unfairly reward the big banks at the expense of fintech. Should it be a one-sided budget then I suspect London will lose out to Paris, Amsterdam or Frankfurt.

[1pencil] 26/10/2021 22:42

Decent close on the ADR's too, $11.52