Wirecard’s Markus Braun has the upper hand over his short-seller nemeses. Shorts now face too many hurdles. LiamWardProud comments:
German payments company Wirecard on May 8 raised its 2019 EBITDA forecast to 760-810 million euros, compared with 740-800 million euros previously.
Wirecard won a “clean” opinion in its full-year 2018 accounts, published on April 25, which were delayed by allegations of fraud and false accounting at its office in Singapore in a series of reports by the Financial Times. An investigation by an external law firm found local staff may have committed crimes but absolved head-office employees.
Wirecard on April 24 said that Japan's SoftBank Group will buy a 900 million euro five-year convertible bond with a strike price of 130 euros.
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