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Image and copyright: Wirecard.
04/28/2020 07:23 – Author: Michael Barck 
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As a Wirecard shareholder, you cannot always be envied when it comes to Group communication with the stock exchange. Yesterday was another day: The Aschheim-based company announced the completion of the KPMG examination of balance-sheet manipulation allegations on April 27, 2020, 5 days after the date it had already been postponed to April 22, 2020. And what news came yesterday from the company? Exactly: nothing, now one could argue: “If they had found something, they should have reported it immediately.” Right However, the least you would have expected yesterday from Wirecard would have been at least the phrase that the job has already been completed and the results will be presented on “Day X”. Perhaps with a rough indication of what is happening.
The fact that Wirecard has not reported anything so far regarding the KPMG audit is poor communication performance by the DAX group. You can hardly believe it. We don’t know what the company was thinking. Wirecard remains silent this morning. That may change, of course, it has to change if Wirecard doesn’t want to give the impression that KPMG auditors are really arguing over the seriousness of the wording of some test results: as the media recently reported.
The stock market is now baffling when news of KPMG’s audit is expected. And nervous exchanges do things that are often negatively surprising. Like yesterday, the Wirecard fee, which came out of nowhere, produced a “sudden collapse” yesterday from 135.34 euros to 116.04 euros in a few minutes. Then it went up again and with 132.10 euros, even with a slight daily bonus from XETRA trade. Much seemed “Stoploss fishing”, which was happening yesterday. So far this morning the situation is calm. Current indications are just above yesterday’s XETRA closing price.
Read more about Wirecard participation during the day 4inverters.
At a glance: chart and news: Wirecard
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