I just bought my first tech stock as a dividend investor.
The largest company on the German stock market is the software company SAP with a market capitalization of EUR 120 billion, followed by the technology conglomerate Siemens with a market capitalization of EUR 96 billion and the chemical group Bayer with EUR 89 billion in market value. None of these, however, belong to the winners on the German stock exchange last year.
Wirecard is one of the world’s largest providers of solutions and services for the electronic payments processing and risks related to financial operations management (financial and fraud criminality).
The pay company Wirecard, whose share has risen by over 40 % percent over the past twelve months. Share price is over 500 % higher then 6 years ago. The company operates in the same category as the Swedish Izettle that was bought by PayPal. Wirecard is larger than Izettle with a market value of EUR over 16 billion.
Wirecard is one of the world’s fastest growing companies in digital payment solutions. The company has existed for 17 years and has just over 237,000 customers. The company deals with digital payment solutions. The company has approximately 4,500 employees.
In 2019, sales are expected to increase by just over 500 million euro, according to market screener. That is over 30% increase!
“Wirecard has just started to warm up, it will lead Europe and make it a powerful player when it comes to tech stocks. The future lies in comfortable paying, quick and easy“ This is my own opinion of a Youtube clip I saw with the Wirecard CEO Markus Braun
I think Germans are used to pay with cash. A lot of Tourist that comes to Germany also used cash, this is the safes for now. But slowly Germany will change to a more digital payments like its in Sweden. It’s more comfortable for both the Government and the Swedish people.
I bought my stocks after the second article from Financial Times that made the stocks fall hard.
I picked it up around 120 euro / share. Today the share is at 132 euro.
Most of the analytics put the share price at 210 euro.
What do you think? Would you prefer cash instead of credit cards or digital payments Is cash domed to disapear? Fell free to comment.
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I have no business relationship with any company whose stock is mentioned in this article.
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Nordnet, Swedbank, Avanza, Morningstar, Marketscreener, Financial Times