May 29, 2020 – Wirecard AG (ISIN: DE0007472060) and Bank of America as a shareholder, or rather as a voting right holder. In the last few weeks, the position was reduced from 5% to zero, then increased again to about 5%, now it is virtually zero again in one step: §40 report of today reports “only” voting rights in the amount of 0.01% since May 22, 2020. These jumps of around 5% in and out and mostly in the form of derivative claims raise questions. Large-volume transactions with Wirecard shares. Is that good or bad now for the share price development? To do this, one would have to know the exact construction of the derivative instruments and the relevant strike prices in order to be able to assess this. In any case, strong fluctuations are good for financial service providers – they make money with them. No matter in which direction.
And this evening at the end of XETRA there was a sudden price swing: EUR 94.56 closing price on XETRA, EUR 92.71 was the level before the closing at 5:30 p.m., closing price at 5:35 p.m. with such a jump (closing auction). Interesting, later on Tradegate again somewhat “normal” at EUR 93.55 (19.11 o’clock) – still a nice price gain in an overall falling market – speaks for the share and could be an indication of the development in the near future. However, there should be reluctance for longs and shorts before the balance sheets on June 18, 2020 – afterwards the cards will be shuffled again.
It will be interesting to see how the big shorts will position themselves until then: The situation was interesting yesterday, when 4 reports of a reduction in position immediately canceled. According to our memory, that was not done in a day. No huge changes, but let’s see how it goes. While Coatue has been taking his short position in five triple steps since the high on May 15th. Reduced from 1.35% to 0.87% as of yesterday, Samlyn also reduced to 0.89% (at least 0.03% less) and Greenvale reduced by 0.11% to now 0.74%. And reported a little later Susquehanna International Holdings also reduced yesterday: to 0.55% (minus 0.07%)
The trend is correct for the longs, although S3 Partners reported an increase of 320,000 items since last week on Friday at the total short-standing stand on Friday: “WDI GR short int is $ 2.79BN; 29.20MM shs shorted; 25.43% of float; 7.75% fee & rising.Shs shorted up + 3.89MM shs, + 15.3%, over last 30 days as price fell -33% & down -776K shs, -2.58%, last week. Shorts up + $ 500MM in 2020 mark-to-market profits; – $ 77MM on today’s + 2.77% move” Ihan Dusaniwsky, S3 Partners LLC, May 27, 2020 / 4:10 p.m.
Rocket Internet could become interesting again with the courses, Q1 marked by valuation losses
Nordex receives order for wind farm in the former lignite mining area
HanseYachts with a good 9 months, maybe Aurelius will become a buyer after all …
Steinhoff’s South Africa subsidiary Pepkor with good figures as of March 31, 2020 – but the stock market value of the investment has almost halved “since Corona”
And the chart technique? It doesn’t look too bad at the moment: prices above EUR 90.00 clear the way for further potential price increases, it is important that the first resistance at EUR 86/87 persists with a possible decline in the market at any time after the brilliant price run in the last 14 Days – easy resets possible at any time. AND THE 100 are the goal – intermediate goal for the longs. However before June 18. It will probably be … And besides: Corona cannot yet be assessed or processed in all its consequences or … even if the lock-down measures were partly conducive to the Wirecards business model, tourism and retail trade were important sales drivers before Corona. ..
And the buyback program?
Another interim status here today: “In the period from May 21, 2020 through May 28, 2020, a total of 89,539 shares were acquired under the share buyback program 2019 / I. The total number of shares bought back in the above period, the volume-weighted average price and the volume in euros are as follows:
| date (MMDDYYYY) |
Total number bought back Shares |
Volume-weighted average exchange rate (euros) | Volume (Euro) |
| 05212020 | 15,500 | 84.3953 | 1,308,127 |
| 05222020 | 15,700 | 82.9189 | 1,301,827 |
| 05252020 | 15,700 | 86.1470 | 1,352,508 |
| 05262020 | 16,000 | 85.5094 | 1,368,150 |
| 05272020 | 14,800 | 88.3527 | 1,307,620 |
| 05282020 | 11,839 | 91.0632 | 1,078,097 |
The total number of shares purchased so far as part of the share buyback is 1,272,749 shares.“
Yesterday the insider purchase
The CEO Markus Braun bought Wirecard shares worth around EUR 2.5 million yesterday for EUR 90.38 and, according to the insider report – distributed at 2:28 p.m. via DGAP – the Wirecard share jumped a good EUR 3.00 and insisted on it Level – The market seems to be waiting for reasons for the stock to rise. And buying an insider is an expression of trust in the future development of “his” share. In addition, of course, this message fits well into the environment: resistance was taken yesterday, now it could go towards EUR 100.00.
But no positive movement at Wirecard without crossfire: As soon as the insider news about the ticker was received, there was a contribution at 14:58 from the “Redaktionsnetzwerk Deutschland” under the title: “A lot is brewing against Wirecard” – the content of the TILP lawsuit with a damage sum of up to EUR 1 billion according to a TILP representative, DEKA’s demand for Braun’s resignation and the FT allegations made since 2019 – nothing really up-to-date or new. Again an interesting timing, determined by chance, but shows how pointed and tense the fronts at Wirecard face each other. Strike and counterstrike – and one wonders who will be the winner in the end?
And then today the interesting question of whether Braun’s purchase was compliant at all: 30 days before and near the balance sheet template (planned for June 18) these are forbidden or Braun lawyers have found a way here … Further development is interesting here – probably a question of legal ingenuity or …
Wirecard should, if you follow W. Buffett’s sentence in the future …
Rocket Internet could become interesting again with the courses, Q1 marked by valuation losses
EXCLUSIVE INTERVIEW with the CEO of Deutsche Rohstoff AG – many questions about falling oil prices and …
LPKF loses its main shareholder – 28.6% of the shares are relocated
Steinhoff’s South Africa subsidiary Pepkor with good figures as of March 31, 2020 – but the stock market value of the investment has almost halved “since Corona”
The analysts have seen the situation at Wirecard more or less unchanged since the balance sheet shift: As expected, Baader remained with BUY, continues to see an extreme undervaluation of the share and assumes that the “move notice” will be received negatively, but ultimately it will remain at the price target of EUR 240.00. Yesterday’s announcement points in a different direction, that Baader maintains its Wirecards assessment, but the stock is being removed from its list of 15 stocks “Top Stocks Ideas” list that a stop price has been undershot. HSBC used the shift as a reason for a price target reduction from EUR 105.00 to EUR 95.00, stayed with HOLD and sees a long way for Wirecard to regain lost confidence.
GOLD, GOLD – the OZ GOLD REPORT goes for EUR 5,000.00 – FOR FREE
A SHARE BETTER THAN WIRECARD – HERE
THE WHOLE ROW OF Shares in Crash Times – First Intermediate Status on April 16/17, 2020:
Part 1: MuM, DataGroup and MBB – Lukas Spang has been right so far with his recommendations
Part 3: PNE, SBF and Dic Asset – Michael C. Kissig entered a week later, also better than the indices
and due to the occasion update 26.05.2020 of our part2:
Evotec, Encavis, and Wirecard – nwm’s favorites with good overall performance thanks to Encavis
ODDO BHF stayed with the HOLD, the price target of EUR 105.00 and sees a cheap valuation of the share, SO EVERYTHING IS OK – so exciting how to position yourself after a potential unrestricted attestation on June 18. NordLB is going tougher with Wirecard, although it remains with HOLD, but the price target is slashed from EUR 102.00 to EUR 80.00 – here too you can see years of the necessary build-up of trust before Wirecard, although the balance sheet shift is “annoying” but not about to be rated.
How much discount is the question of whether the balance sheets 2016-2018 may be – one should not forget, KPMG found no evidence for the core allegations, probably for unprofessional handling and missing documentation – could always be subject to a certain residual doubt. Mind you: Evidence or evidence of incorrect bookings or generally incorrect balance sheet statements were not found – unfortunately no completely convincing positive evidence either. “In doubt for the accused?” – may not be the solution or the claim for a DAX group in the long run – but steps have been taken and will continue to be taken that reveal fundamental changes. Here Wirecard should continue to take advantage of a potentially positive momentum in the 2019 balance sheet announcement announced for the beginning of June.
Currently (May 29, 2020 / 7:25 p.m.), Wirecard AG shares are trading in Tradegate trading with a plus of EUR 1.04 (1.12%) at EUR 93.54. You can also trade this share on Smartbroker from EUR 0.00.
Chart: Wirecard AG | Powered by GOYAX.de-
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