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WTC - WiseTech Global

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evidently , there's little discrimination between waving a red flag and having a target on your back, if you deviate from conventional norms, or get caught, or attract a litigious one .
 
Dona Ferentes said:
evidently , there's little discrimination between waving a red flag and having a target on your back, if you deviate from conventional norms, or get caught, or attract a litigious one .
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For me a timely and relevant question is how are they handling the impacts of generative AI like ChatGPT, Gemini, Claude and Llama?

Whether it's optimising their Cargo One platform functionality to improve customer productivity or streamlining internal processes to improve margins; it would be nice to understand their strategy to defend market share and capitalise on this technology.

Especially since every competitor and wannabe start-up will be looking at genAI as their leverage to act on the adage;

"Your margin is my opportunity."
 
WiseTech’s revenue rose 15 per cent to $US381m ($600m) in the six months to 31 December, the majority of which came from its CargoWise product which brought in $US331.7m.
  • a 28 per cent growth in its earnings before interest, taxes, depreciation and amortisation which reached $US192.3m, higher than consensus estimates of $US189m.
  • an underlying net profit after tax of $112.1m, representing a 34 per cent growth from pcp
  • an operating cash flow of $US202.7m, up 24 per cent, and a free cash flow of $US124.1m, up 22 per cent.
The company will pay a 31 per cent higher interim dividend of 6.7c per share, but this is lower than expectations for a 10c per share payout.

Interim chief executive Andrew Cartledge said WiseTech would continue to focus on the growth of its CargoWise product which had helped the company lift revenue. “This was driven by our global teams’ ongoing focused execution of our 3P strategy as CargoWise’s strong momentum continued with a Top 25 LGFF win in Nippon Express as well as strong growth from existing customers.”
 
the king is dead. Vive le roi !!
WiseTech Global has appointed its billionaire co-founder Richard White as executive chairman, marking his return after a four-month absence despite several allegations against the businessman
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Gee, hadn't picked up on Wisetech's big drop this week.
When you look at the all time highs reached in mid-late 2024 of around $135 (closing prices) and this week's gap down drop to ~$90, what's that - 33% lower?
Not Held

James Gerrish on livewire again:

(ASX:WTC)
James Gerrish: Buy

Not sure. I'll go on the buy side, but I think there's obviously risks around it from a timing point of view. So just going back to they downgraded earnings, that was as to be expected. They obviously had their eyes off the ball and that's what's led to downgraded guidance. I think what it also shows is what plays out when Richard's not in the business. He's been the architect of WiseTech over a long period of time. I get the optics don't look good here. I get what's gone on does not sit well with a lot of investors out there, and rightly so. But the reality is that he's put this business together, he's the driving force behind it, and I think from a share price perspective and a business perspective, it's better off him being there. So going back into the executive chairman role and he'll pick the CEO who's going to take over and drive the business forward, but his involvement will stay on.

WEEKLY
 
"It's better to have Loved and Lost than to have never loved at all"
FWIW Refer to my Chart #2115
 
Still on my watch list. Don't know much about it nut for a bottom picker of "quality" stocks......
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In a single act, Richard White has consolidated power at the tech company he founded, while sowing the seeds of its long-term mediocrity.
A dramatically weakened board has gifted White an ultra long-term contract that entrenches the 70-year-old as executive chairman and chief innovation officer until he turns 80. There’s an option for him to go until 85. Who knows – he may go beyond.
 
Despite the bad publicity re , " Pants Man " Richard , of recent months , the market sure liked today's announcement .
S.P. up 5 % on heavy volume of 1 + million to $ 104.75 .
WTC shall rise once more . No Worries !
 

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  • WiseTech-Global-announces-strategic-acquisition-of-e2open - Copy.PDF
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  • Acquisition-of-e2open-investor-presentation - Copy.PDF
    2.1 MB · Views: 24
WTC's got wind in the sails , now . She's up , up and away ! ( Where's our chart , Captain ? By the way , what colour is your new shortest - term moving average line ? ) S.P. up 7 % in just a couple of days . Another million done today , big pile - on from the Insto's in the 10 minutes after the close , putting on $ 2.30 to close at $ 107.07 . These big shots seem to have forgiven our mate Richard ! Like this one below , becoming a substantial with 5 % , just last week . Scottish ,too . Now they're smart with their dough .
 

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with Compliments and Stay Well
 
Monthly Performance by MC, Technology Services.
 

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Since Monday : million volume days , just 1/2 a mill today but it's the Insto's really touching up the action each day in the 10 minutes after the market close . ( 100,000 alone , done today ) .
S.P. now at $ 108.77 . Say what you like about true value or whatever , the market seems to think otherwise . I go by that old adage " Don't fight the market " ........ Only here to make a buck .
 
Joe Aston on WTC

WiseTech shareholders just one cheeseburger away from the void

Richard White’s blind confidence in his own understanding of people – learned from those psychology books he recommends to women on LinkedIn – is deeply misplaced.
www.afr.com

" ....His life has become a soap opera, in equal measure a product of his own surreal disinhibition and the troupe of freaks he has drawn around him. He’s spending the preponderance of his time in Dubai. He’s bought a new Gulfstream 700 jet, for delivery in August, and even canvassed redomiciling WiseTech to the United States. He’s crawling the web as Ricky Le Blanc or Riccardo Bianco or some other pseudonym per the formula, and he’s got almost as many ex-lovers crawling over him for payoffs as he does investment bankers. He is literally and emotionally all over the place ..."

and watch out for those Russian women, over there ...
 
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