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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12/04/2024 09:08

WiseTech Global Ltd (WTC) $89.28

Cloud-based logistics software business WTC is another quality business that delivered a stellar result earlier this year. This company continues to please the market, driven by Founder and CEO Richard White, who still owns over 39% of the business; that’s what you call skin in the game!

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23/02/2024 09:40

WiseTech Global Ltd (WTC) $86.94

Cloud-based logistics company WTC hit all-time highs this week after releasing an excellent result with a  2% beat at the revenue line and a Net Profit After Tax (NPAT) which was ~20% ahead of consensus. 

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21/02/2024 17:23

WiseTech Global (WTC) $88.75

WTC +11.15%: A great result from the logistics software company today starting at a 2% beat at the revenue line, however spades of operational leverage underpinned Net Profit After Tax (NPAT) that was 22% ahead of consensus.

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16/02/2024 08:59

WiseTech Global Ltd (WTC) $78.57

WTC rallied +4.8% on Thursday, posting fresh 6-month highs in the process. The last time the stock was reported, it was hammered following weaker-than-expected guidance, not great for a stock priced for growth. We wouldn’t buy WTC ahead of its result, but if it's “not too bad”, it could easily pop higher.

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19/01/2024 09:09

WiseTech Global (WTC) $71.69

Last year's disappointing result from WTC saw the stock fall -35% with weaker-than-expected guidance the issue, especially when combined with an expensive stock priced for growth. We believe WTC is a quality company, but its valuation remains a concern to MM, hence our neutral stance.

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10/11/2023 09:45

WiseTech Global Ltd (WTC) $61.94

WTC was the high-flying sector darling in August, but a disappointing result has seen the stock fall -35%, illustrating another example of the current market's brutal reaction to misses on any level.

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