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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03/09/2024 09:57

WiseTech Global Ltd (WTC) $121.45

WTC delivered stronger than expected guidance in August, when the stock surged ~30%, taking its gain year-to-date to over 60%. We don't plan to buy WTC above $120, but we won't say never as this technology company continues to engrain their products across the logistics sector.

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21/08/2024 17:25

Wisetech Global (WTC) $111.71

WTC +18.36%: A big rally today on a largely inline FY24 result, though earnings guidance for FY25 was ahead of expectations, while they talked up new product launches which is likely to drive an acceleration in growth;

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04/06/2024 09:07

Wisetech Global Ltd (WTC) $95.40

Cloud-based logistics software business WTC slipped -1.3% on Monday, following a tough session for the Tech Sector, which as a group fell -0.7%, compared to the Financials, which closed up +1.5%. We are attracted to WTC into dips with its risk/reward attractive under $90, or ~6% lower, but it's hard to chase into strength at this stage of the cycle.

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19/04/2024 09:20

WiseTech Global Ltd (WTC) $89.28

The cloud-based logistics software business is a quality business that delivered a stellar result in February and, encouragingly, the stock has since held the majority of its gains. This business continues to deliver for shareholders, driven by Founder and CEO Richard White, who still owns over 39% of the company. This is one of our favourite three tech stocks along with Xero (XRO) and CAR Group Ltd (CAR) – the latter is firmly in MM’s sights.

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