WiseTech Global (ASX:WTC) responds to misinformation in market report

23OctOctober 23, 2019

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.

Source: Finance News Network

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