26/05/2025 17:24

WiseTech Global (WTC) $104.75

WTC +4.7%: Today announced its biggest ever acquisition, agreeing to buy E2open Parent Holdings in a deal that values the US company at $US2.1 billion (A3.2bn), a 28% premium to Fridays close.  This was not totally new news to the market, with WTC having flagged the potential acquisition, and provided a detailed rationale of the proposed transaction in recent weeks.

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20/05/2025 09:51

Active Growth Portfolio – Amendments

We are making several changes to the Growth Portfolio this morning.

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20/05/2025 09:30

WiseTech Global (WTC) $99.41

WTC has struggled through 2025 following personal/governance issues around founder Richard White. However, while WTC addresses the problems, it's fundamentally business as usual.

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02/04/2025 10:05

WiseTech Global Ltd (WTC) $83.07

WiseTech (WTC) has plunged by 45% from its November high, outpacing falls in other high-performing momentum trades that have been unwound over the last six weeks.  Most subscribers would be familiar with the reasons behind the weakness, as the press has dubbed it “another billionaire behaving badly.

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24/02/2025 17:28

WiseTech (WTC) $97.25

WTC –20.09%: Whacked today on downgraded guidance and the resignation of four non-exec Directors from the board. Lots of headlines about this which will provide fodder for the media.

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11/02/2025 09:31

Wisetech Global Ltd (WTC) $124.20

WTC slipped -4.4% on Monday following news that the company was investigating two more confidential complaints by an employee and a supplier against the founder, Richard White. This feels like Chapter 2 for Richard White after allegations into his personal life sent the stock plunging ~30% in October.

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22/11/2024 17:05

Wisetech Global (WTC) $121.74

WTC -12.74%: Shares were down as much as 19% at one point after news out of its AGM. The logistics software company cut its earnings guidance for FY25, well below consensus forecasts.

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14/11/2024 09:33

WiseTech Global Ltd (WTC) $130.50

WTC was featured prominently in the recent ASX’s “Billionaires Behaving Badly” chapter, although it has recovered far better than Mineral Resources (MIN). However, yesterday, a law firm filed a class action against the logistics software group, claiming that WTC failed to tell investors that it was falling short of aggressive earnings targets after acquiring poorly performing businesses

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24/10/2024 09:47

Wisetech Global Ltd (WTC) $106.07

This cloud-based logistics software business has been a standout performer over recent years, and they have clearly executed well, but the big issue for MM comes to valuation as the Richard White scandal deepens by the day. While some of the personal allegations being made are scathing, there has clearly been a questionable board that may not have fulfilled its duty of applying checks and balances. While it’s understandable that the founder, CEO and major shareholder has significant influence, it seems clear the board has allowed White too much free rein.

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21/10/2024 16:40

WiseTech Global (WTC) $104.65

WTC –14.56%:  Was slammed today after the company acknowledged recent media reports and announced it was looking into allegations of misconduct by founder and CEO Richard White.

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