Argonautica

Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

1 post found for 18 June 2020

‘48-hours for brazen Braun to bail-out Wirecard’

Wirecard the Germany payments outfit and DAX 30 constituent was supposed to have released its twice previously delayed 2019 results today. Instead the company issued a statement saying that the Annual Report would need to be further delayed as their auditor E&Y could not verify whether previously reported cash balances of €1.9bn could be verified. What has amazed us is how the Wirecard share price has been so impervious to substantiated accusations of wrong-doing for so long. Even today Wirecard’s…