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WISE (WISE)

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Steveam
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WISE (WISE)

#462019

Postby Steveam » November 30th, 2021, 10:17 am

This used to be TransferWise but changed to WISE earlier this year.

Latest results:

https://lienzo.s3.amazonaws.com/images/ ... Update.pdf

Best wishes,

Steve

Steveam
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Re: WISE (WISE)

#510207

Postby Steveam » June 28th, 2022, 11:49 am

Latest results …

https://lienzo.s3.amazonaws.com/images/ ... 28,%202022)_FINAL%20for%20Owner%20Relations.pdf

Best wishes,

Steve

richfool
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Re: WISE (WISE)

#510262

Postby richfool » June 28th, 2022, 2:25 pm

I recently came across two other pieces of news about Wise and its founder, one today, and one back in 2021:
Wise co-founder Hinrikus partners for €250 million tech fund:

Co-founder of fintech business Wise Taavet Hinrikus has founded Plural a new €250 million (£216 million) investment platform aimed at backing a new generation of tech start-ups and digital entrepreneurs.

Other founders of the group include Songkick businessman Ian Hogarth, tech investor Khaled Heloui and co-founder of start-up locations app Teleport, Sten Tamkivi.

The company is looking at early stage funding rounds up to €10 million and was set up as across Europe “investors lacked experience of building tech businesses” and that “scar tissue from building tech companies is invaluable”, according to the company.

Hinrikus said: “We’re the investors we would have liked to have when we were building our own companies. Founding a company is a craft and the best way to learn that craft is to work alongside those who have done it before.”

https://uk.finance.yahoo.com/news/wise- ... 41509.html

The billionaire boss of money transfer group Wise has been fined hundreds of thousands of pounds for intentionally defaulting on his taxes.

Kristo Kaarmann was charged £365,651 by HMRC for a deliberate default during 2017/18 on a £720,495 tax bill, the Telegraph reported.

This type of penalty means the Estonian entrepreneur has either been found to have deliberately provided inaccurate documents to HMRC, intentionally failed to comply with an obligation to notify HMRC about his circumstances or committed wrongdoing in relation to VAT or excise.

https://www.thisismoney.co.uk/money/mar ... fined.html

richfool
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Re: WISE (WISE)

#515685

Postby richfool » July 19th, 2022, 3:27 pm

Shares in payments transfer business Wise are up 14% this morning after the company posted a sharp rise in revenues and customer transactions.

Sales in the first quarter grew 51% compared with the previous year to hit £186 million, a greater proportion of transaction values than in previous quarters.

As many as five million Wise customers transacted over £24 billion across borders in the three months to June 2022, a year-on-year increase of 37%, driven by an expansion in the number of customers from the US and Brazil.

More than 50% of customer cross-border transfers are now completed instantly, up 36% from the first quarter, while 90% are completed within 24 hours.

The Shoreditch-based firm said it expected to see revenue growth of 30-35% in the next financial year, with 20% growth over the medium term.

https://uk.finance.yahoo.com/news/wise- ... 25789.html

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Re: WISE (WISE)

#515733

Postby GrahamPlatt » July 19th, 2022, 6:01 pm

Not been a wise investment since IPO to date though.

Steveam
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Re: WISE (WISE)

#533144

Postby Steveam » September 28th, 2022, 7:29 pm

Email received:

Hello xxxxxxx xxxxxxx,

My name's Julia and I'm part of the OwnWise team.

I'm delighted to confirm that your xxx bonus shares have been approved by our board and will be issued to your brokerage account within the next two weeks.

We will contact you again via email once we send your bonus shares, but please bear in mind that every brokerage account will have different processing timelines. If you have any questions about this, please get in touch with your broker directly.

Thanks for being part of this journey as we continue to focus on our mission to build money without borders – instant, convenient, transparent and eventually free.
Onwards,
Julia

Steveam
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Re: WISE (WISE)

#538758

Postby Steveam » October 18th, 2022, 10:07 pm


Steveam
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Re: WISE (WISE)

#551622

Postby Steveam » December 2nd, 2022, 1:59 am

https://lienzo.s3.amazonaws.com/images/ ... 29,%202022).docx.pdf

Half year 2023 Interim Results. There is also a presentation.

Perhaps I’m talking to myself but no issue.

Best wishes,

Steve

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Re: WISE (WISE)

#562144

Postby Steveam » January 17th, 2023, 8:10 am

https://www.reuters.com/business/financ ... 023-01-17/

Forecast results looking good. Interest rate rises flatter the results but still showing significant rises in number of customers and core revenue.

Analysts briefing (needs registration) at 9am.

I hold.

Best wishes,

Steve

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Re: WISE (WISE)

#562155

Postby Steveam » January 17th, 2023, 9:21 am

The market reaction is negative: down 5%.

Best wishes,

Steve

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Re: WISE (WISE)

#583644

Postby Steveam » April 18th, 2023, 5:45 pm

The results have not been well received.

https://lienzo.s3.amazonaws.com/images/ ... 0FINAL.pdf

Best wishes,

Steve

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Re: WISE (WISE)

#598258

Postby Steveam » June 27th, 2023, 9:10 am

Results - well received

https://www.ii.co.uk/news/wise-plc-prel ... 05_4815090

Best wishes,

Steve

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Re: WISE (WISE)

#602920

Postby Steveam » July 18th, 2023, 10:23 am

https://www.ii.co.uk/news/wise-plc-q1fy ... 02_4838278

Trading update. Looking pretty good.

Best wishes,

Steve (I hold and satisfied customer)

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Re: WISE (WISE)

#627429

Postby Steveam » November 14th, 2023, 1:18 pm

Interim Results - very good and helped by higher interest rates. Are buying back shares to compensate for dilution from employee share remuneration. Well received by the market.

https://wise.com/imaginary-v2/images/8b ... 0Final.pdf

and slide presentation:

https://wise.com/imaginary-v2/images/1c ... 14,%202023)%20FINAL%20for%20Website.pdf

Best wishes,

Steve

Steveam
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Re: WISE (WISE)

#637243

Postby Steveam » December 31st, 2023, 6:39 am

Just come across this IC commentary on the results - dated 14-November

https://www.investorschronicle.co.uk/ne ... sults-day/

Best wishes, Steve

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Re: WISE (WISE)

#640522

Postby Steveam » January 16th, 2024, 8:21 am

From today’s FT:

Wise lifts growth target as higher interest rates boost income
Akila Quinio in London

London-based fintech Wise has raised its income growth target for the year on the back of higher interest rates and a jump in deposit growth in the third quarter.

Wise is now targeting income growth of 42 to 44 per cent for the full year, up from previous guidance of 33 to 38 per cent as it expects to earn higher levels of interest on customer balances.

Interest income at the cross-border payments company rose 40 per cent to £375mn year on year in the three months to the end of December, while the amount it holds in balances rose 28 per cent to £12.9bn in the same period.

Wise’s income growth in numbers
42-44% Full-year income growth target

33-38% Previous income growth target

40% Rise in Q3 interest income compared with previous year

And trading update:

https://www.ii.co.uk/news/wise-plc-q3fy ... 00_5033555

Best wishes, Steve

Steveam
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Re: WISE (WISE)

#653734

Postby Steveam » March 15th, 2024, 10:47 am

I can’t find any reason that these have risen 3% today.
Just about back to the launch price :D
As it happens I’ve rather increased my holding at markedly lower prices and am now showing a healthy profit.
If they go much higher, say £11+, I’ll trim. These have always been a bit of an oddity for me as I’m mainly large caps, ITs and ETFs.
I wonder whether a big financial institution could be sniffing around?

Best wishes, Steve


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