Wisetech Global Limited (ASX: WTC)- Wisetech steels the show today on ASX

wisetech global

Wisetech is in a spotlight today! After reporting double-digit percentage growth for the year to 30 June 2018, Wisetech stock sky-rocketed to $19.90, reflecting 27.23% positive price change.

Revenue was up 44%, Net profit after tax increased 28% to $40.79 million and EPS grew to 13.9 cents from 10.9 cents in fiscal 2017. Group’s revenue growth of $67.8 million to $221.6 million is driven by strong organic growth globally, product enhancements and features addition to CargoWise One technology platform, user growth and the acquisition of 15 strategic assets in new geographies.

Earnings before interest tax, depreciation and amortization (EBITDA) increased 45% to $78 million from $53.9 million in previous corresponding year. As indicated by CEO Richard White the captivating growth in FY18 accounts to geographic expansion, relentless innovation & deepening product capability, and global data sets.

Information technology company has continued to generate positive cash flows during the year, with $74.2 million of net cash flows from operating activities. Gross profit margin remained constant at 83% in FY18.

Fully franked final dividend of 1.65 cents was declared during the year, in addition to interim dividend of 1.05 cents paid on 6 April 2018. The final dividend is scheduled for payment on 8 October 2018 to shareholders on registry at 12 September 2018.

The company expects revenue to range between $315 million to $325 million in FY19. EBITDA is forecasted to grow between 28% to 35%.

After releasing FY18 results early this day, Wisetech Global also announced the appointment of Andrew Harrison as independent Non-Executive Chair, replacing Charles Gibbon.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report