CTD 2.54% $12.52 corporate travel management limited

VGI short, page-31

  1. 23,299 Posts.
    lightbulb Created with Sketch. 271
    They do compare it to Bingo for some reason though......"

    Now, a Diogenes note prepared on Wednesday afternoon under the banner Pup Research and obtained by CBD makes a number of strong criticisms about Corporate Travel.

    But more than that, it compares Corporate Travel to a recently unravelled roll-up, Sydney skip bin owner Bingo Industries, run by the rich-lister Tarak family, which saw more than $500 million wiped from its value on Monday after cutting back its profit expectations."
    https://amp.smh.com.au/national/someone-serious-must-still-be-sceptical-over-corporate-travel-20190221-p50zfl.html?__twitter_impression=true


    I haven't had a good look at Bingo yet but heres a quick media article...... https://www.copyright link/business/construction/bingos-downgrades-profit-20pc-due-to-apartment-building-slowdown-20190218-h1bdl9
    ' Bingo had been at a 12-month high of $3.20 in August. Macquarie said it was concerned at how quickly things had deteriorated. "Our key concern is the pace at which the market has slowed given benign AGM commentary in November," Macquarie analyst Peter Steyn 'said..................... ra, ra ra.



 
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