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2.01% $13.73 corporate travel management limited

Ann: Trading Halt, page-52

  1. manny100
    5,286 Posts.
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    07/11/18
    08:30
    Post #: 36411958
    Hi Klutch, Buffetman kindly posted a link to the VGI report on the "VGI report should be made public" thread. The link posted is https://docdro.id/SZ3aCWG

    Hope Buffetman does not mind me reposting this link.

    See Red Flag 13 for alleged Capitalisation of IT costs. CTD say its one of the items that VTG misunderstand so CTD does not address it in its reply. There is very likely a logical explanation as there are plenty of IT costs that in fact should be capitalised, eg lasting additions/improvements to the system, new systems, setting up systems in acquisitions etc. Typical P & L IT expense items may be repair/maintenance type costs. Its likely the high Capital costs booked to IT in recent years was in relation to the acquisitions which were fairly sizeable. I would just like to hear CTD say something like this.

    The report to me reads like one of those 'Alien cover up' conspiracy shows that appear regularly on Foxtell. You know they are the shows you are not sure whether they would be better programmed on the Comedy channel.

    Regardeless you are left wondering whether CTD have been massaging the books to give the bottom line a boost. The Red flags also include revenue accounting changes which CTD have addressed..



    CTD Price at posting: $20.00 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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