Wise Share Discussion Threads

[stutes] 02/12/2021 16:18

Down 13p on vol 1.52m but yesterday 3m+ down over 60p, shows London isn't the market for Wise. Recent tweets from Wise show Austin office opening and Canada card launch. Why waste time with London?

[stutes] 02/12/2021 15:32

The two class share structure means a takeover needs the nod of directors, one of whom controls 41% of the vote.

London isn't working for Wise. Look at Darktrace, THG, Deliveroo as well. Dump London and move to NY listing.

[stutes] 02/12/2021 15:16

Up 14c in usa down 1p in London - adds to the need to dump London for NY. Why stay on Bourse that is losing out ?

[conwyrebel] 02/12/2021 13:49

Wise will be bought soon

[stutes] 02/12/2021 13:08

Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel



This shows why fintech firms are important to fx and consumers. Time for big banks to be broken up?

[stutes] 01/12/2021 20:30

If you look at the recent drop in share price the so-called reasons: CEO facing possible FCA investigation over delayed tax return, Chairman selling shsres or putting shsres up as collateral, CFO cashing out some options, new shares issued to staff?

It seems the top team have cashed out some of their holdings and as a result might have limited any upside?

[1pencil] 01/12/2021 17:19

I think some of it is their own making tho, with Wise they have set the listing to almost exclude traditional institutions, THG kind of similar but have since decided to change both the listing (moving to FTSE) and CEO giving up his Golden Shares.

Were in December now, lets see if any more director selling this month.

[stutes] 01/12/2021 16:44

Down 8% - wiing yesterday's gains. Shows City is unwilling to put a premium on a growth stock. The business is moving in on the banks fx fees. Banks are up but Wise down?

Deliveroo, Wise, THG all show LSE isn't the market for tech firms to list.

[stutes] 01/12/2021 14:08

Adds to my view Wise should have opted for USA listing rather than London.

[1pencil] 01/12/2021 11:47

Haven't looked in detail but why are there three sets of accounts published?

[stutes] 01/12/2021 11:17

Down 6% shows me very few shares can drive the shares down

[steve73] 01/12/2021 10:06

I see Wise are offering a Fund now rather than holding cash in your account (I assume to avoid Wise incurring negative interest rates). Only available to UK residents though. Not sure it'll get much take up during these unsettled times.

[stutes] 01/12/2021 09:48

The difference a day makes, W down 34p or 4%+. The press coverage seems positive yet price is below direct listing. The company is growing yet share price is below 800p, either the listing price was too high or the City's agenda isn't favourable to fintech as it challenges the big firms?

[stutes] 30/11/2021 16:26

Up 15p from direct listing, yet firm growing mud to High 20s%? The City hedged their bets ahead of h1 figures and by today's hike they got it wrong.

[clocktower] 30/11/2021 15:59

Stutes - you ask why Wise do not advertise on TV - they have no need to do so, as customers get rewarded for inviting friends.

Note the amount of cash being deposited in their "jars" and I guess a lot of money being held on debit cards as well.

[scrutable] 30/11/2021 15:53

I have used them for several years without a hitch, saved noticeable amounts on exchange costs, made an impression on hoteliers, and recommended them to hide-bound friends, who are just silly not to to use what is still an unconventional channel.

From today's figures one can see that Wise are growing exponentially, which reflects word-of-mouth. That's less expensive than Revolut's internet advertising so Wise's minimal cost operating style keeps their edge over everyone else.

They are courteous and efficient - as sharp as Japanese steel knives. I can see no reason to transfer less this way except on actual travel spending whilst in transit, which I buy in the UK from the lowest cost currency buro on the street before departure. In addition the shares benefit today from the substantial share price subsidence since the usual bun feast by the City at launch.

They are bound to succeed and the sky is their only limit. It was time to buy today, the modest amount I can afford. I did.

[royaloak] 30/11/2021 11:00

Also a user recently, very impressed, especially to some countries where it is sometimes more difficult to make transfers.

[clocktower] 30/11/2021 09:02

I am not a shareholder but have used them on a regular basis and have done for some years now.

They have always provided good customer service and offered value.

Good Luck to all.

[stutes] 29/11/2021 09:03

Tomorrow we shall see if Wise measures up to the direct listing and if the CEO , with 41% of the vote, is delivering for the shareholders.

[stutes] 27/11/2021 12:53

hxxps://www-financemagnates-com.cdn.ampproject.org/v/s/www.financemagnates.com/fintech/wise-signs-partnership-with-e-commerce-marketplace-fruugo/amp/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16380165915147&csi=1&referrer=hxxps%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=hxxps%3A%2F%2Fwww.financemagnates.com%2Ffintech%2Fwise-signs-partnership-with-e-commerce-marketplace-fruugo%2F

Why isn't Wise advertising on TV like Revolut?

[stutes] 27/11/2021 12:40

hxxps://www-financemagnates-com.cdn.ampproject.org/v/s/www.financemagnates.com/fintech/wise-signs-partnership-with-e-commerce-marketplace-fruugo/amp/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16380165915147&csi=1&referrer=hxxps%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=hxxps%3A%2F%2Fwww.financemagnates.com%2Ffintech%2Fwise-signs-partnership-with-e-commerce-marketplace-fruugo%2F

Why isn't Wise advertising on TV like Revolut?

[stutes] 26/11/2021 15:39

Online sales over holidays on track to top $200 billion, Adobe says



I think internet allows people around the world to buy things from around the world - should help Wise and others.

[steve73] 25/11/2021 11:14

As a user of Wise (but not an investor.. as yet???), I keep an eye on the number of transactions they do, both "transfers" & "conversions".

When you use Wise to move money from one external currency account to another there will be 2 transfer reference numbers, and one conversion ref# (with the fee being a % plus a small fixed fee). Alternatively if you use their "borderless accounts" you can exchange between them in smaller lots (with just a % fee). So one lump sum transfer in, many exchanges, and then one lump sum out (which entails a fixed fee).

Over the 2 years I've been using them the number of daily transfers have increased from c. 180k to over 400k, whilst the number of exchanges have increased from a similar 180-200k to over 700k.

It is most likely that the number of users has slightly more doubled in that time (since most users probably make a similar number of transfers in any period), which would represent approximately double the (fixed) fees. Also that many more are using their borderless account...just in smaller sizes, which would have no affect on fees (other than increasing total value transferred).

During that time they have generally reduced both the fixed and % fees, making them much more competitive than alternatives. They have also reduced the speed of transfers from day to mere seconds for some currency pairs.

Overall Wise is an excellent service which should continue to grow both its user numbers and total amount being exchanged, for effectively no increase in their costs, or least until their servers reach capacity.

The other variable is the effect of Covid which has reduced the number of international passengers.. This could mean more foreign workers (or expats) are using the service to send funds 'home", but also less tourists needing to use money abroad.

So IMO it's a well supported and growing business, but does it represent good value at this price..?

[stutes] 25/11/2021 09:12

The trading update next week needs to show the business has a strong and prosperous future.

[1pencil] 22/11/2021 08:41

Wise have recently dropped the same currency transfer fee, although this was fixed and quite small it makes them more competitive against traditional banks which sometimes charge monthly fees as well.

Still very much impressed with the banking side but as mentioned earlier remain on the side-lines with regard to investment.

On the listing front THG as one or two similarities to Wise, the most prominent being preference shares which have attracted much criticism.

The CEO has responded favourably by not only withdrawing his 'Golden Shares' but instigated a move the the main FTSE market.