ALEXWANG...it would be well worth your while looking at a US company called Farfetch.
Farfetch hasn't made an annual profit for 12 years ..has a negative PEX and has a market cap of almost US $17 billion ( about A$ 23 billion) and is about on average 30% MORE EXPENSIVE to buy prime brands through than CTT.
It's revenue growth is 46% versus as we know CTT at over 360%
Now Deans platform is fully scaleable so we know he can keep growing strongly with a very low cost base AND LITERALLY BLEED Farfetch to death.
Farfetch says it wants to be the dominant player in the field ..seems they will have to pay at least a 300% premium to buy out CTT..but A$8 or A$9 would be nothing for them to pay to get the best technology ,reduce their costs,move into profit and at least double their market price from $47 a share to at least $100...seems like a no brainer to me...they make a hostile offer of $10 and CTT share price immediately rises to $10.
Now what will they have to pay!!??
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$1.35 |
Change
-0.055(3.91%) |
Mkt cap ! $514.6M |
Open | High | Low | Value | Volume |
$1.39 | $1.39 | $1.31 | $2.364M | 1.754M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $1.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 8872 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5000 | 1.320 |
1 | 100 | 1.315 |
4 | 18468 | 1.310 |
4 | 15548 | 1.305 |
14 | 101165 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 8872 | 1 |
1.355 | 11298 | 1 |
1.360 | 31500 | 3 |
1.365 | 33427 | 3 |
1.370 | 7179 | 1 |
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