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42The Super Micro Computer share has three things in common with Wirecard:
1) There were earlier signs of fraud.
2) Reports are missing and are repeatedly postponed.
3) The company's own auditor refuses to issue an audit certificate.
>> Since the all-time high in the AI hype in March, the share has fallen 76%. Is $SMCI AI wirecard?
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$NVDA (+1,5 %)
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$WDI
26.09.2024
Tilray: In the fast lane with HDD9 drinks + SMA Solar is cutting back - job cuts likely + SAP is being targeted by the US Department of Justice + 50,000 Wirecard shareholders can hope for a little cash + Delivery Hero rally continues - 12-month high
The US investment bank Jefferies has raised its rating for Tilray $TLRY (-2,99 %) to "Buy" with a price target of 2.50 dollars. Based on the current share price, this corresponds to a potential return of 48%. In his current study, analyst Kaumil Gajrawala highlighted the launch of a new range of beverages containing hemp-derived Delta-9-THC (HDD9). These products are expected to be available in key US markets from October 2024.
The weakening inverter manufacturer SMA Solar $S92 (-7,92 %) wants to make substantial savings due to the problems in the business with private and commercial solar systems and is also likely to cut jobs. The Managing Board intends to launch a restructuring and transformation program that is expected to result in cost savings of 150 to 200 million euros, as the SDax company announced late Wednesday evening in Niestetal, Hesse. The sales development in the Home Solutions and Commercial & Industrial Solutions segments continues to be significantly influenced by persistently high inventories at dealers and installers as well as a generally very challenging market environment, it said. The share price rose by two percent after the close of trading on the Tradegate trading platform compared to the Xetra close. "In order for SMA to remain an integral part of the global energy transition in the future, we must now position ourselves better and for the future," said CEO Jürgen Reinert according to the press release. He wants to use the cost-cutting program to stabilize the company financially in the short term and realign it on the market.
SAP $SAP (+1,31 %) was under pressure to sell following a report that the company in the USA, as well as the US IT reseller Carahsoft, had been targeted by the US Department of Justice. Since at least 2022, lawyers have been investigating whether the German software group had entered into possible price agreements with Carahsoft in order to obtain excessive prices from the US Army and other US authorities. This is according to court documents filed, reported the news agency Bloomberg. An SAP spokesperson did not want to comment on this when asked by Dow Jones Newswires.
Following a new decision by the Munich Higher Regional Court, a good 50,000 Wirecard $WDI -shareholders can hope for compensation in the insolvency proceedings for the time being. The fifth senate of the Higher Regional Court has decided that Wirecard shareholders can file their claims in the insolvency proceedings. The lawsuit against the insolvency administrator Michael Jaffé was brought by the asset management company Union Investment, which had purchased Wirecard shares for 33 of its clients between 2015 and 2020. First reported by the "Süddeutsche Zeitung". The case is not yet closed. It is a so-called "interim judgment"; the judges in the case did not decide on the grounds or the amount of the claims for damages filed by Union Investment.
The mood of optimism among investors in Delivery Hero $DHER (-0,04 %) continued on Wednesday. The shares continued their rapid recovery, which began at the beginning of August, with a 7.7 percent jump in price to EUR 34.53. This was the first time in more than a year that they had exceeded the EUR 34 mark. The old highs from November 2023 and April 2024 were recently close to this level, but the increase was recently put back into perspective to almost 5%. Recently, the prospect of an IPO of the rapidly growing Middle East and North Africa brand Talabat, among other things, has been arousing the imagination of investors, who have been used to a lot of grief since the record high from the coronavirus era. In January 2021, up to EUR 145 was paid when the pandemic lockdowns triggered hype around online services. In the spring of this year, the sell-off then ended at a level of just under EUR 15, from which there have only been temporary recovery rallies so far. In July and August, the shares came even closer to the low.
Thursday: Stock market dates, economic data, quarterly figures
ex-dividend of individual stocks
British American Tobacco 0.59 GBP
Philip Morris International 1.35 US
Quarterly figures / company dates USA / Asia
17:00 Intuit Investor Day
22:00 Costco Wholesale quarterly figures
Quarterly figures / Company dates Europe
07:00 KWS Saat detailed annual results + annual report
08:00 Verbio annual results and annual report | Hennes & Mauritz 9-month results
10:00 KWS Saat BI-PK
11:30 BASF Capital Markets Day, Day 1
14:00 Verbio Earnings-Call
Untimed: Thyssenkrupp: Supervisory Board meeting at Thyssenkrupp Steel
Economic data
In the course of a suspected espionage case Egisto O.a former employee of the Austrian Federal Austrian Federal Office for the Protection of the Constitution and Counterterrorism (BVT), is accused of passing on information to Russia of having sold information to Russia. His former superior, Martin W., allegedly instigated him to do so, possibly on behalf of Wirecard's ($WDI ) COO Jan Marsalek. Marsalek is suspected of having had helpers in Germany to obtain the information about Egisto O..
Egisto O. was arrested and is now in custody. He is accused of having stolen cell phones from high-ranking officials of the Austrian Ministry of the Interior to the Russian secret service to the Russian secret service. Marsalek is said to have sent couriers with cash from Berlin to Vienna to pick up a laptop with secret contents and bring it to Russia. This laptop, a so-called "SINA laptop", is intended for the storage and transmission of data with the highest classification level "Top Secret" classification.
It is suspected that secret data was stored on the laptop, which was intended for the Russian secret service were of interest to the Russian secret service. Egisto O. denies the allegations and claims to be the victim of an intrigue within the Austrian security authorities.
The current trial before the District Court
Munich I against the former CEO Markus Braun ($WDI ), key witness Oliver Bellenhaus and the former chief accountant began in December 2022. Originally for 100 days scheduled, the process now extended by a further 86 days extended until December 2024. The complexity of the case and the "extensive taking of evidence" are the reasons for this extension.
$WDI Wirecard Jan Marsalek writes a letter and the share price jumps 40%.....?!?!?
Edit: Wirecard is now only traded on the Hamburg Stock Exchange. So on GQ is not to be seen there
Exciting story about $MPW (+0,14 %)
Earlier this year, Viceroy Research LLC (founder Perring had at the time $WDI brought down) made serious accusations against $MPW (+0,14 %) raised.
$MPW (+0,14 %) subsequently filed suit on March 30 for defamation, among other things. In the publication of today's quarterly figures $MPW (+0,14 %) comments on this as follows:
"On March 30, MPT sued short seller Viceroy Research LLC and its directors, including Fraser Perring, in federal court for defamation and related wrongs in connection with their campaign of malicious falsehoods designed to generate profits at the expense of MPT and its shareholders. The statement of claim is available here.
Although Perring has publicly acknowledged the lawsuit, he has not commented on the case. And rather than respond to MPT's allegations, Viceroy has filed motions to dismiss the lawsuits before they reach a jury, arguing that they cannot be sustained because Viceroy's attacks on the company, although contained in "reports," were not "facts," but merely "opinions" and "comments . . dominated by colorful, hyperbolic language," and also claims that the court lacks jurisdiction. But as MPT's lawsuit makes clear, the false, misleading, and defamatory statements repeatedly published by Viceroy, Perring, and others are not "opinions" or "beliefs," but alleged statements of fact, the fundamental nature of which cannot be altered by disclaimers. MPT looks forward to proving its claims and obtaining from Defendants and others the documents, communications, and other disclosures to which it is entitled under the law."
Curious to see how this progresses. Viceroy doesn't seem to be so sure about his claims anymore 😉 ...
APAS has now ruled in the case of EY/ $WDI decided:
Fine for EY and no new mandates from public interest entities for 2 years.
Personally, I think the penalty imposed by the supervisory authority is still relatively low.
Half a million is not that much when you consider that auditors were fined 300,000€ in some cases...
I'm also very curious about the lawsuit filed by Commerzbank and what will come out of it.
Question for the $VNA (+1,83 %) investors here:
Are there currently fundamental reasons to buy beyond "prices are low"?
How many are blinded by the insider buying from the Finance Committee?
https://www.finanzen.net/insidertrades/vonovia
Anyone who feels vindicated in their own investment because of the insider purchases should always bear in mind that Markus Braun also bought into $WDI before the thing went to pieces.
Personally, I've been out of Vonovia since last year because I think the political risk is currently too high, I don't like the interest rate environment, and Vonovia is sitting on too many properties in need of energy-efficient renovation in the current market situation, which will cost a lot of money for the time being.
Inflation, which I believe will continue for a while, has also reduced the opportunity for significant rent increases to compensate for the investments.
I hope the former $WDI Investors survived the pain of the crash. 😅
Soon one of the trials against presumed responsible persons will begin.
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