CTT 4.92% $1.39 cettire limited

price perspective, page-119

  1. 1,998 Posts.
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    Motorcycleman...yes I agree looking back it never seems cheap at the time you bought.
    I'd like to make a few comments on value and price and where we might go.
    CTT's revenue growth has been astounding...360% is phenomenal....let us be cautious and assume we grow at only 100% next year and the year after...and assuming the market always looks a year ahead then by the end of 2021 calendar year we will be six months into the new revenue stream..say At least a price of $4.50...and by the end of the financial year in June 2022 about $ 5/6 now if growth is say 150% ie Revenue of $250 million then the share price will be based on a ten revenue multiple perhaps a price of $6/7 by December 2022..This I would add is still less than it could be ..We could get many more domestic and International funds on board as we rise to more encompassing indices such as the ASX 200 and this would continue to drive the price higher as CTT becomes part of many more Global and Domestic Funds Universe where they are now permitted to buy by Trust Deeds or Management Directives.
    So one can possibly say a present price of $3 is cheap...even if you bought at $2.00 and you are already up almost 50% !!!
 
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Last
$1.39
Change
0.065(4.92%)
Mkt cap ! $528.0M
Open High Low Value Volume
$1.33 $1.39 $1.30 $2.779M 2.059M

Buyers (Bids)

No. Vol. Price($)
1 25000 $1.38
 

Sellers (Offers)

Price($) Vol. No.
$1.39 9245 2
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
CTT (ASX) Chart
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