WTC - WiseTech Global

[Dona Ferentes]

Thanks @Sean K . Just deciding whether to throw a few lazy ones at this puppy.

If I had founded a company and influenced 50% of the stock there is no way I'd be re-employed on a measly $1m and have to report to the CEO just for the sin of having waved the flag here and there.

Are the board members and Chair who resigned AICD types in lala land or do they have runs on the board at managing v. large companies or founding a company themselves.

Is the company a goer without these board members?

gg

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 .

 

[Garpal Gumnut]

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 .

Well I've backed the man who raised the flag up and down and up !!

gg

 

[Sean K]

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 .

The law firms have examined allegations, including that Mr White failed to disclose a number of “close personal relationships” in the workplace with the board, had misused WiseTech funds to have plastic surgery in 2019 and host former lover Linda Rogan in New York; and engaged in bullying, harassment and intimidation – an accusation raised by former director Christine Holman.

Last November, chair Richard Dammery said the review had so far found “no evidence” of misconduct and the external lawyers had attributed Mr White’s behaviour to “creative abrasion”.

Not long afterwards, WiseTech co-founder and director Maree Isaacs sold her stake – totalling 10.2 million shares – to Mr White.

Mr White, who is worth about $15bn, tried to bankrupt Ms Rogan after she alleged he offered her business advice and a $13m mansion in Sydney’s Vaucluse in exchange for sex.

 

[kenny]

Is the business itself going well, though? Is the sector it plays in requiring its services to improve efficiencies?

 

[kenny]

 

[kenny]

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."

 

[Dona Ferentes]

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.”

 

[Dona Ferentes]

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

 

[finicky]

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

 

[Captain_Chaza]

"It's better to have Loved and Lost than to have never loved at all"
FWIW Refer to my Chart #2115