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 |
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Mkt cap ! $518.4M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
20 | 71814 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 4779 | 7 |
View Market Depth
No. | Vol. | Price($) |
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16 | 69046 | 1.345 |
6 | 49688 | 1.340 |
7 | 23264 | 1.335 |
5 | 18001 | 1.330 |
4 | 32204 | 1.325 |
Price($) | Vol. | No. |
---|---|---|
1.350 | 7762 | 13 |
1.355 | 8373 | 11 |
1.360 | 46780 | 9 |
1.365 | 30538 | 9 |
1.370 | 20923 | 7 |
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