WiseTech FVE Increased to AUD 7.40 Following Shrewd Capital Raise
We have increased our fair value estimate for narrow-moat-rated WiseTech Global by 9% to AUD 7.40 per share following the AUD 300 million institutional equity capital raising at AUD 20.90 per share. The issue price was 10% below the market price but more than three times our previous fair value estimate. The increase in our fair value is caused by the issuance of shares at a price which was well in excess of our prior fair value. At the current market price of AUD 22.83, we continue to believe t...WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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