Comment / On the wires: WiseTech buyers – supporters or speculators?

“Between February 28 and March 27 Hyperion picked up a total of 3.33m shares for approximately A$51m. This increased the (…) stake in WiseTech Global from 5.07% to 6.12%. With the company’s shares down 59% from their 52-week high, it appears as though this fund manager believes they are in the bargain bin right now.” – The Motley Fool, 1 April 2020.

That is a much-needed vote of confidence at last, in a month during which changes have occurred to the ...