New Street Research - WISE PLC (WISE) WISE (Neutral, TP: £6.85, +1%) WISE - Q1 trading update: No big surprises (though strong adds and NII a touch ahead)

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New Street Research

Soomit Datta

EUR 8957.00 For Business Accounts Only

WISE (Neutral, TP: £6.85, +1%) WISE - Q1 trading update: No big surprises (though strong adds and NII a touch ahead)

WISE’s Q1 trading update (revenue only, no profitability) had been pretty well flagged at the recent FYs (only three weeks ago) so there were no material surprises. With that said, net adds came in ahead on Personal (500k for the quarter is the strongest level for some time) whilst NII also beat expectations (by £10m), which will be supportive for near-term EBITDA.

18/07/2023 1 EN

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WISE PLC

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GB00BL9YR756 London Stock Exchange United Kingdom

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Soomit Datta

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WISE (Neutral, TP: £6.85, +1%) WISE - Q1 trading update: No big surprises (though strong adds and NII a touch ahead)

WISE (Neutral, TP: £8.00, +5%) WISE Q1 25 trading statement: Nice beat, after expectations reset

WISE (Neutral, TP: £8.00 (from £8.30) , +10%) WISE - FY model update: On the Attack; Company call feedback

WISE (Neutral, TP: £8.30, +10%) WISE FY 24 - Weak guide on Volume, Price & Cost

NSR Policy: It’s the Election, Stupid (or Is It?): Comparing Harris and Trump on Leadership

Altice Pre-3Q24 Model Update

T-Mobile selling 3.45GHz portfolio

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