Business Around 90 per cent in three days: Wirecard-price slide...

Around 90 per cent in three days: Wirecard-price slide continues

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The balance sheet scandal, Wirecard continues to expand. Almost every day there is new bad news for the Dax-member and which are poison for the share price. To Start the trading week there is the next slide, he continues after trading hours yet.

The rate of turbulence in a balance-sheet scandal plug-in payment processor, Wirecard also went after hours more. In the regular Xetra trade had slumped on Monday, the papers further to 44 percent, then the free fall went on to the trading platform tradegate. Last, the share cost only € 12.87 after the previous 14,44 euros for the Xetra closing. This was again a decrease of more than ten percent.

Wirecard 12,95

The reason for the price drop that began even before the weekend, are billion-dollar holes in the balance sheet. Meanwhile, the payment processor did not have to admit that the Bank balances on escrow accounts in the amount of EUR 1.9 billion, which were previously reported as assets in the balance sheet, “with probability”.

Almost unprecedented-rate-slip

The turbulence thus no end. Of the 62 per cent price crash of the Wirecard stock on the last Thursday, was regarded as the second-largest daily loss of a Dax-title, in the nearly 32-year history of the German index. On Friday, the paper merged with a slump of 35 percent in seamlessly with the losses – just as well this Monday.

The repeated course slip on the trade gate, summed up the loss in the few trading days since the discovery of the missing billions can be attributed to over 87 percent. After last Thursday, was paid more than 100 euros for the shares.

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