WiseTech Global (ASX:WTC) share price gains drives strong August returns for top fund manager


The WiseTech Global (ASX:WTC) share price has gained almost 140 per cent over the past 12 months, making it one of the best performing ASX 200 shares in that period.

In August, the logistics software company reported FY18 profits jumped 28 per cent higher, with CEO Richard White saying global operations continued to deliver high quality growth.

Writing in its August 2018 monthly update, the top performing Hyperion Australian Growth Companies Fund said the power and strength of WiseTech’s product offering was supported by its 99 per cent recurring revenue as the company maintained an impressive annual customer attrition rate of less than 1 per cent.

Furthermore, the fund said, WiseTech continued to improve its value proposition to customers, adding over 550 new product enhancements and features to its flagship CargoWise One technology platform, whilst acquiring 15 strategic assets in new geographies and adjacent technologies to accelerate future growth.

WiseTech management has guided FY19 revenue growth of between 42 to 47 per cent and EBITDA growth of 28 to 35 per cent.

The strong performance of WiseTech shares were one of the drivers of the 8.4 per cent return in August for the Hyperion Australian Growth Companies Fund. In the last 12 months the fund has gained almost 30 per cent, out-performing the return of its benchmark S&P/ASX 300 Accumulation Index.

WiseTech Global shares don’t look cheap, but these 3 shares do…

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

WiseTech Global was not one of them, but the list does include one tiny gold mining stock, and the company one top fund manager calls the cheapest stock in the ASX 100.

Find out why these 3 Cheap and Good Stocks could be better buys than WiseTech Global. But you better hurry… these stocks may not stay cheap for long.

See the 3 stocks

Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au