Wirecard share price falls after FT reports


(Alex Sherwood) #1

Wirecard’s share price has fallen by $10 billion since the FT published a series of reports into an alleged accounting scandal in their Asia-Pacific division.

Wirecard have said that

“We would like to reconfirm that the accusations against employees of Wirecard are unfounded. We are working closely with the Singapore police to clear all allegations.”

quote from this story

& they’re now suing the FT..

Here’s the main story from the FT -

As Wirecard Gets Bigger, So Does the Target on Its Back - Bloomberg

then -

& Germany’s now banned short-selling Wirecard’s shares :flushed:


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(Big Boss) #2

Don’t agree with Odey most of the time, but this time I support his move into looking to sue BaFin. I don’t think it’s right for regulators to ban short selling because “recent price volatility risks undermine the broader stock market”. :man_facepalming:t2:


(Alex Sherwood) #4

It’s not a good look is it! They must be pretty concerned because I guess that doing that sort of thing too often could put investors off investing in companies that’re listed on the German exchanges :grimacing:


(Alex Sherwood) #5

Which the FT’s just responded to with -


#6

Any chance Wirecard is coming to Freetrade so we can take a punt?


(Alex Sherwood) #7

We don’t offer stocks that’re traded on European exchanges at the moment but you never know what the future holds :dizzy:


(Emma) #8

Neither do wirecard :grimacing:


(Denislav) #9

@Rat_au_van you made me laugh out loud. :joy: :joy: :joy:

When it comes to Wirecard, I don’t think they are helping themselves attacking such a well respect paper, like the FT.


(Matthew) #10

Hence my suggestion that Worldpay is added to the available stock list… :wink: