Wisetech has good software - not great . They have the SAP software model - do it our way and pay consultants or us a lot if you have any questions or want to modify (or understand) anything .
Wisetech have also grown very quickly on the backs of a few very large customers. Toll, DSV, DHL . Many of its customer wins came from companies who had such bad software to start off with anything was better and Cargowise was certainly the best solution for an IT department to buy into for the past 10 year's. The problem is the market won't support their valuation . SAP, Oracle, Descartes all are capable of taking large Wisetech customers at any time and the small customers will start switching just based on price .
Wisetech is a good company and will always be profitable - software is an awesome business . However WTC is a 500 million dollar company at best and this price would be if someone bought it out.
I would love to own it at a reasonable price .
Wisetech has good software - not great . They have the SAP...
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Last
$100.30 |
Change
1.960(1.99%) |
Mkt cap ! $33.44B | |||
| Open | High | Low | Value | Volume |
| $99.29 | $100.87 | $99.12 | $56.80M | 567.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 311 | $100.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $100.36 | 744 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WTC (ASX) Chart |