Wirecard AG : Very bleak scenario priced in. Target price lowered to € 170 - only normalisation could trigger a significant re-rating
>Round-up of the latest episodes. Battle between Wirecard and the FT stepped up, KPMG called on to adjudicate… - Last week, the tension between Wirecard and the FT was stepped up a notch when all (we think) of the internal documents that were part of the FT’s investigation (emails and Excel spreadsheets) were placed in the public domain. Without going into all of the details, Wirecard’s employees seem to have exchanged documents intended for an EY audit. Several subsi...Wirecard is engaged in the business of global payment processing, risk management and payment acceptance, as well as card issuing. Co. operates in three segments: Payment Processing & Risk Management, which comprises of products and service for the acceptance or implementation and the downstream processing of electronic payments and the associated processes; Acquiring & Issuing, which includes acceptance (acquiring) and issuing credit cards and prepaid cards, as well as account and payment transaction services; and Call Center & Communication Services, which comprises all of the products and services that address the call centre assisted support of corporate and private customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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