WTC - WiseTech Global

[System]

WiseTech is a leading provider of software solutions to the logistics industry globally. The Company develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally.

WiseTech has 6,000 customers across more than 115 countries with offices in Australia, New Zealand, China, Singapore, South Africa, United Kingdom and the United States.

It is anticipated that WTC will list on the ASX during April 2016.

http://www.wisetechglobal.com.au

 

[JJZ]

I work in the industry and have spoken to Richard White on several occasions. He has always impressed me with his knowledge and professionalism.

The main application/platform is "CargoWise One" they seem to be the main player in the industry.

Most users I know are moving to their cloud solution which adds another growing income stream to wisetech globals business.

Keen to see what others think about this, might jump on this myself.


JJZ

 

[The Falcon]

I work in the industry and have spoken to Richard White on several occasions. He has always impressed me with his knowledge and professionalism.

The main application/platform is "CargoWise One" they seem to be the main player in the industry.

Most users I know are moving to their cloud solution which adds another growing income stream to wisetech globals business.

Keen to see what others think about this, might jump on this myself.


JJZ

Yep, another Wisetech customer here. I identified some years ago the switching cost + network effect moats that Cargowise has. The question really comes down to the price though...will follow with interest.

 

[JJZ]

IPO info here: https://www.wisetechglobal-ipo.com.au/Country-Validation/

JJZ

 

[scoobydoo]

Ok WTC hit $4.50 today - Not sure why - anyone know anything ?

 

[peter2]

Nice chart for break-out trader with a series of higher lows. The daily volume is quite low, so be careful if you plan to exit fast.

I'm hoping that supply runs out soon.

 

[peter2]

It took eight months for price to take off from my prior chart posting. There were two nice break-out opportunities to get into the rising trend.

Price then fell from $16 to $9. There's usually a bust after every boom.

The reason for this post is that price has made a classic head & shoulder reversal pattern on the daily chart. There's a clear resistance level at 11.00 and price is near that level now.

 

[rnr]

It took eight months for price to take off from my prior chart posting. There were two nice break-out opportunities to get into the rising trend.

Price then fell from $16 to $9. There's usually a bust after every boom.

The reason for this post is that price has made a classic head & shoulder reversal pattern on the daily chart. There's a clear resistance level at 11.00 and price is near that level now.

View attachment 87194

It will be interesting to see how the bearish A divergence plays out!

 

[Ferret]

It certainly went for a good run last week. I decided to get in on Tuesday.

 

[peter2]

Price has reached the H&S pattern target (13.20).
This price also coincides with the 50-62% retracement of the move down.

 

[greggles]

Great FY18 financial results announced by Wisetech Global today.

Unsurprisingly the WTC share price surged on the news and is currently up 27.11% to be trading at $19.88 and looks set to break through $20.

 

[notting]

Shorter destruction is what is happening!

 

[barney]

Shorter destruction is what is happening!

This one and all the others you have mentioned today @notting reminds me of what a M8 of mine who once worked on the Sydney Future's Exchange told me. He said "the boyz" on the floor would come out in the morning and discuss which sector/stocks they were going to target on any particular day ..

Poor bugger has been dead for many years now, but today looks like a bit of that behaviour is still going on

 

[leyy]

I am kicking myself for not taking a position in May 2018 when the share price retraced to circa $10.00, I have reviewed this business in detail and it has such a compelling product.

The one that got away, will definitely review when this retraces again.

 

[leyy]

Holy **** this stock is going up like wildfire, up 45% in two days.

 

[Miner]

Holy **** this stock is going up like wildfire, up 45% in two days.

and dived down today 12% as I write! Already priced before announcement ??

 

[leyy]

and dived down today 12% as I write! Already priced before announcement ??

Summary of the results below:

Revenue expectations was ahead of consensus but slightly lower than the expectations for NPAT growth.

In terms of outlook, management made a slight change to FY19 guidance, with revenue now expected to be in the range of $322m – 335m (was $320m - 333m) and EBITDA unchanged at $102m – 107m.

My view is that this is a terrific opportunity to buy.

 

[leyy]

Also executive management have aligned goals with shareholders.

They have some serious holdings.

 

[Miner]

Also executive management have aligned goals with shareholders.

They have some serious holdings.

View attachment 92368

For some reason, market is not convinced with the EMT holding

 

[tinhat]

Another stock delisted from Lincoln Indicators Star Stock selection this reporting season:

Following our review of Wisetech Global Limited we have removed the company from coverage as a Borderline Star Growth Stock as the company no longer complies with Golden Rule 1, Financial Health. Over the half, and despite the strong rise in operating cashflow, its financial health deteriorated due to the growth in intangible assets, decrease in the tangible asset and an increase in contingent consideration liabilities tied to the acquisitions WTC has been executing.