Comment / After another record day for WiseTech, do we believe in earnings risk?

ID 157554401 © Chumphon Whangchom | Dreamstime.com

I was gratefully invited to talk to WiseTech (WTC) CEO and founder Richard White on 23 August, the day the Australian tech outfit, whose market cap is now almost AU$29bn (US$19.1bn), releases its numbers for fiscal year 2023.

And when I mentioned that to a couple of finance folks in our marketplace, I was bearishly prompted to reflect once more on the steep value appreciation that WTC has enjoyed so far this year.

And that its rally from here “has no legs”, ...