Wirecard share price falls after FT reports

Investing and Markets 📈
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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 -

https://uk.reuters.com/article/us-wirecard-stocks/singapore-police-raid-wirecard-office-following-ft-reports-idUKKCN1PX0U6

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

https://uk.reuters.com/article/us-wirecard-stocks-idUKKCN1Q70GZ

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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:

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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:

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Which the FT’s just responded to with -

https://twitter.com/kadhimshubber/status/1097538039461613568

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

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

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Neither do wirecard :grimacing:

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@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.

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

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Digging up an old thread


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I saw the headline flash up this morning. This is absolutely huge, as if the scale of the fraud wasn’t enough.

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Curve massively affected by wirecard insolvency:

They sent out an email saying that curve cards cannot be used for at least a couple of days.

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Did anyone unfortunately own any shares in Wirecard?

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I do now! And I’m not sure it’s a great idea!

:skull: :cat:

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Braver man than me

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I can confirm. That was a bad idea

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