WiseTech Global (ASX:WTC) responds to misinformation in market report
WiseTech Global (ASX:WTC) have hit back at J Capital Research after they released a second short-seller report on Monday leading Wisetech to request a trading halt.
The company rejects the claims of financial impropriety and irregularity contained in the Report.
The Report was published without prior inquiry to WiseTech. Founder & CEO, Richard White confirmed their guidance for FY20 of revenue of $440 million – $460 million, with growth of 26 per cent per cent – 32 per cent and EBITDA of $145 million – $153 million with EBITDA growth of 34 per cent – 42 per cent.
Shares in WiseTech Global (ASX:WTC) last traded at $26.30 on Tuesday.
Copyright 2019 – Finance News Network
Source: Finance News Network
