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Ann: Pause in Trading, page-148

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Busterbak

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22/10/19

23:08

Post #: 41018713
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Originally posted by fawr: ↑

To me the claims of financial dodgyness aren't very believable. The auditors have more incentive to get that right than JCAP and better access to real details.

JCAP repeat some claims from the first report which I think wisetech answered well in their response the first time (for example the holdings of directors (RW), and how he has sold lots of stock).

JCAP do make some new claims about what is happening in the companies wisetech has purchased, and that is a worry. However I'm having trouble separating the BS coming from ex-employees (every company has some people who leave with their nose out of joint), and the claims that should be verifiable about competitors and a lack of success in purchased companies (the worries).

JCAPs claims about customers are on the face of it also a worry. However I remember 20 years ago there were people complaining about using using excel at work. However today everyone still uses excel at work. I see cargowise as more sticky than excel - even if you don't like everything about it doing without it is much harder (except for top level managers who may not know the details of how the product us used every day - and who did JCAP interview? Top level managers).

JCAPs strongest point I thought was by looking at wisetech's customer base and seeing what software they want new recruits to know how to use. If wisetech's customers aren't looking for people who know how to use wisetech then it suggests they may have small numbers of licences. Growth potential sure, but that's not the impression I got from wisetech previously.

If this was an independent report from someone without financial incentives to make the worst of everything I'd find it more believable. However because they fill their report with fluff and have definite financial incentives I'm not going to sell because of it.

IMO the less said about the "not for distribution in Australia" loophole the better. Its clearly not what the law intended, and if its how the law is enforced then it should be changed.

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Good posting fawr.
JCaps does themselves a disfavour as well by resorting to basic Tabloid tools that a Professional group would never do . Eg WTC is certainly not a “clunker”. Tawdry term said for sensationalism . And Relying on alleged interviews and surveys of a few disgruntled and ex-employees who have guaranteed anonymity is hardly scientific . It’s as reliable as Trump saying “ most people i know are telling me .... ( insert what he wants you to hear ) “ .
Let’s hope the people can see through the tabloids .

WTC Price at posting: $26.30 Sentiment: Buy Disclosure: Held
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Last $130.53		Change -4.070(3.02%)		Mkt cap ! $43.65B

Open	High	Low	Value	Volume
$133.12	$134.00	$130.53	$82.23M	625.3K

Buyers (Bids)

No.	Vol.	Price($)
1	2097	$130.53

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Price($)	Vol.	No.
$131.21	2138	1

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No.	Vol.	Price($)
1	4	130.200
1	161	130.170
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2	29	129.000

Price($)	Vol.	No.
134.000	1000	1
134.600	80	1
135.500	1500	1
136.000	200	1
136.850	14	1

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Ann: Pause in Trading, page-148

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Ann: Pause in Trading, page-148

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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