Home » Business » Börse Express – FOCUS 4 SHARE: Wirecard in the hands of gamers

Börse Express – FOCUS 4 SHARE: Wirecard in the hands of gamers

video-tag-article">

(new: closing price, Deutsche Börse on the Dax regulations)

FRANKFURT (dpa-AFX) – The shares of the payment service provider Wirecard, which is struggling to survive after a balance sheet scandal
have finally become the game ball of speculators. After a loss of almost 99 percent in seven trading days, the price on Monday had more than tripled to over four euros.

At the close of trading, the papers of the payment processor gained 154.49 percent to 3.26 euros. Last Friday they were still on the way to the Penny Stick. At times the price was 1.08 euros, it was only just above one euro. For comparison: A good two months ago, the paper cost over 140 euros and in mid-June it was still over 100 euros.

After the quasi-total loss, the Wirecard shares do not have to be in the Dax until September
vacate. Deutsche Börse has now announced that it will revise its rules for a Dax membership. Wirecard is already flying out of the pan-European Stoxx Europe 600 on Tuesday
.

The rally on Monday was triggered by the announcement that the board of directors is continuing to do business despite the bankruptcy application. It was also emphasized that Wirecard Bank is currently not part of the bankruptcy proceedings and that Wirecard Bank’s payment transactions are not affected.

Sharp price increases as in the first minutes of trading on Monday can only be explained to a small extent for fundamental reasons, but are rather evidence that the paper, which has meanwhile become low, is mainly bought by investors who, after the price crash, turn to a Set recovery at a low level. At Wirecard, bad news has followed one another in the past two weeks: After the postponement of the balance sheet for 2019, the admission of alleged air bookings in the billions and the resignation, the application for bankruptcy followed.

Meanwhile, the federal government is taking its first steps after the billion dollar scandal. The Federal Ministry of Justice and the Federal Ministry of Finance will terminate the contract with the German Accounting Office (DPR). The DPR, which is organized under private law, controls the balance sheets on behalf of the state. According to the ministries, he had failed in the case of Wirecard, wrote the “Bild am Sonntag”.

According to a press report, French payment service providers and other parties are interested in business parts of the German competitor. This corresponds to his assessment that the competitor Worldline and the acquired subsidiary Ingenico are potential profiteers of the Wirecard malaise, wrote Paul Kratz from the Jefferies analysis company. However, he is skeptical about possible takeovers of Wirecard parts, since both are well positioned to attract Wirecard customers on their own ./edh/ajx/jha/ajx/fba

 ISIN  DE0008469008  DE0007472060  EU0009658202

AXC0340 2020-06-29/18:25

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.