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With Wirecard AG (WKN: 747206) at the latest since last week we have had a clean gambler paper in the DAX. The stock is now up to 4.18 euros, which is an incredible + 285% on Friday’s low. NetCents Technology (WKN: A2AFTK) continues to enjoy great popularity among fool gamers.
The gigantic course explosion at Wirecard at the beginning of the week comes without a real fundamental basis. The meanwhile insolvent scandal company has announced that it intends to continue its business operations, but the rise in prices is likely primarily due to the short cover stocks. Last week after the bankruptcy we wrote:
Short-term zocks in the wake of new news should still revive the share from time to time.
According to reports, the payment processor has faked a good two thirds of its sales. The high profits probably also only existed on paper. It is also unclear whether the core business that actually exists is profitable. It is said to be at least healthy. However, it can be doubted that Wirecard can service the high loan liabilities with the income from its operating business.
Especially after the bankruptcy application, Wirecard’s customers are likely to have broken away. Reports that BaFin urged the company to take this step are interesting. The banks were therefore surprised and had previously signaled their willingness to extend their loans.
No realistic chance for the stock
The most likely scenarios are smashing or transferring the company. The current AG has no future given its over-indebtedness and the high legal risks. This should also leave shareholders empty-handed in the end. However, creditors, including the owners of the bond, will get some more from future sales proceeds.
The Wirecard share is expected to be an exciting game ball for gamers for a few weeks and even months. Users of our free live chat benefit from reliable trading announcements on a daily basis and have again made excellent purchases with Wirecard. At some point, however, investors should think about selling, because in the long term the total loss on the stock is now almost inevitable.
Total loss also likely with NetCents
Experience has shown that NetCents shares are traded in particular by stock exchange dummies. But there are also some professionals in between who benefit from those dummies. In the past few days and weeks, the NetCents course has been massively raised in the course of promotional campaigns. You shouldn’t say too much about the company – it’s not much more than a garage. And no, no new Microsoft will emerge from this!
Like Wirecard, NetCents describes itself as a payment processor, but with a focus on cryptocurrencies. Sounds exciting, but in reality it is above all a lot of hot air: In the last reporting quarter NetCents achieved a measly $ 0.045 million in sales with a net loss of $ 1.8 million. The company was over-indebted and the liabilities exceeded the cash balance 78 times! This contrasts with a ludicrous valuation of currently well over CAD 100 million.
We assume that the company would now like to save itself with a capital increase and therefore boosted sales in the share. If this measure is implemented, the course should plummet again. The share on Tradegate is currently up + 22% to EUR 1.46. If you still gamble here, you should be aware of the dangers and get advice from our professional micro-cap traders in the free live chat.
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