WiseTech Global Ltd (ASX: WTC) was founded in 1994 by Richard White to provide software to the logistics sector. Since then it has grown to become a global provider of logistics software, claiming to service 19 of the top 20 logistics companies globally. WiseTech makes money by charging its customers on a ‘per use’ basis rather than as a subscription model. Meaning, WiseTech directly benefits as its customers grow their businesses.
What a week it’s been on the ASX, and especially for WiseTech Global Ltd (ASX:WTC) shareholders.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.26% at lunch.
WiseTech (ASX:WTC) has issued a second defence of its business, is the share price a buy?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.36% on Tuesday.
If you invest in stocks today, what return should you expect over the next 10 years?
WiseTech Global Ltd (ASX:WTC) shares were down more than 12% this morning before entering into a trading halt again after research firm J Capital released Part 2 of its short report.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.28% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.39% on Friday.
The WiseTech Global Ltd (ASX:WTC) share price will be under the spotlight this week after management responded to the short attack.
