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WTC - WiseTech Global

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Ferret said:
One of my picks for the 2024 comp.

Since the end of October it has tracked well following the big sell off at the end of August.

I think it is a quality growth stock.
Click to expand...

This has been a good buy and hold since 2020 if you could withstand the two significant corrections in 22 and 23. Any idea of expected growth this year?

 
Up 10% today on a good set of results. Revenue growth of 27%–34% and EBITDA growth of 18%–27% for FY 24 reconfirmed.



@debtfree
 
Closed on another all time high today. Momentum still seems ok.

If the market doesn't get the wobbles, it might see $100 breached this month.


@debtfree
 
Pulled back from the $97 high. I still like it to get above $100 this year, but overall market conditions could hamper this.
@debtfree
 
Richard is said to never look at his share chart and not to even know the share price .
The poor bugger's timing is.......well ..... just terrible.
He could have waited a couple of years and sold today at the all -time record high . Over a hundred bucks . Sure looks overvalued .
If I was smart , I'd sell a few but can't be bothered getting them out of the bottom drawer . ( This is my Nvidia , never to be sold ! )

Wonder if our intrepid Capt'n Chaza is doing any profit taking ? I'll be keeping an eye out for his next chart .
 
dyna said:
Over a hundred bucks . Sure looks overvalued .
If I was smart , I'd sell a few but can't be bothered getting them out of the bottom drawer . ( This is my Nvidia , never to be sold ! )
Click to expand...
Just needed a strong day on the market to kick it through $100.

A lot of the market looks overvalued at the moment, but, like you, I'll hang onto my WTC.

@debtfree
 
Looks plenty stretched to me on a few metrics not to mention chart . Happy to be wrong , no skin in this game although i have shorted it previously

 
Very good company with consistently growing book value and strongish ROE, low debt it appears. But at yesterday's close had a P/E of 122 tines and Price/Book of 17 times.
That is f'g ridiculous and earnings growth would need to be consistent for a decade or more to catch up to price. In this world of doubts? This will be doubly smashed in a crash. I admittedly had this sentiment about XRO and PME at much lower prices than today, but they'll get doubly smashed too - in my glib opinion only.

Not Held
Will buy @ $20 - $25

P.S Chart looks good

MONTHLY
 
finicky said:
Will buy @ $20 - $25
Click to expand...
Ha , that's what I paid . ( Thanks , Covid )

If I'd known then what I know now , I'd probably never have got them , as all the MACD lines were headed south. You just don't make dumb moves like that !
 
"great company, but " - Martin Conlon, Schroders .
.
.... Buying the stock at its current market capitalisation of $33 billion, and hoping to make a 10 per cent return on that investment in perpetuity, requires WiseTech to make a $3 billion operating profit which, even at a very generous margin of 50 per cent, requires revenue of about $6 billion. Currently, WiseTech makes $1 billion in revenue and operating profit of about $300 million (heading to about $370 million this year on analyst forecasts).

WiseTech is a great company, Conlon says, and perhaps it can grow revenue six-fold and earnings 10-fold in the next 15 years. But even with that “astonishing effort”, he says investors won’t make money if they buy WiseTech at today’s valuation.
“People don’t look at stocks like that. But they are the maths of investment, and you have to care about the price you pay. And that’s the reason why we are just looking elsewhere ....”
 
Well, they're telling us ffs.
From today's Market Index

Wisetech founder Richard White and co-founder Maree Isaacs have logged another week of selling. The two have sold a collective $805 million worth of shares since 2020 (up from $789.9 million a week ago). The selling this year has now far outpaced prior years.

  • 2024-to-date: $249.0 million
  • 2023: $22.7 million
  • 2022: $198.5 million
  • 2021: $193.2 million
  • 2020: $167.1 million
 
The selling is definitely weighing on the share price.

I wonder when it will end and what might happen then.

@debtfree
 
Investor day presentation .
A lot to read , there . All good news , though .
The market loved it , too . $ 115 all time record high . Holey moley , $0 . 09 dividend to be paid , too . Nine effin' cents !
I wonder if our intrepid Capt'n Chaza has taken profits yet ? It's been a while since we've had a chart, matie . ( Surely he's not gone all F. A. on us and tossed it into the bottom draw of the sea chest )
 
Great result. I like the way these guys often exceed guidance.

One thing I saw in the announcement was that they now have more than 50% of the world's top 25 global freight forwarders as clients. They are dominating their industry and this bodes well for the future.

Barring any big market wobbles, I think the share price will rise further over the next few days as analysts upgrade outlooks.
@debtfree
 
Sailing the WTC by popular demand from Dyna

BTW :-------We only have 50% presented to the wind ATM
I got Chickened out on the DAILY readings but the WEEKLY Charts Held Firm

The Lesson here is SIMPLE
"Ya can't win them all!"--------**** Happens!
and
You Can Not always be overweight in both The WEEKLY and The DAILY Reckonings and Allocations at the same time

Sailing the WTC----------One Week at a Time-----------------------------------&---------------One DAY at a Time



 
First Sentier fund manager Dushko Bajic, who owns the stock, said WiseTech had carved out its place as a world-class company alongside ASX tech players like Xero and Pro Medicus.

“The tall poppy syndrome is alive and well though and relatively few Australian fund managers have invested in these businesses early on and consistently through time,” Mr Bajic said.



WiseTech boss $2.1b richer after shares rocket on profit outlook

Tech entrepreneur Richard White has seen his wealth soar after WiseTech delivered one of the most formidable results of the season on Wednesday.
www.afr.com
 
Onwards and upwards for WTC this month.

It's probably a bit stretched at present, but I'm still sold on the long term story and happy to keep holding.

@debtfree
 
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