Why do you comment every day on a stock you don’t hold?
The reason the SP has gone down is due to the market sentiment around e-commerce stocks - KGN, ABY & TPW etc.
On top of this Dean selling a small portion of shares added fire to the decline which he is entitled to do. This has nothing to do with CTTs business concept to add in fact this company is very unique and in a good space and will continue to do very well.
The SP has nothing to do with the company - Fundamentals haven’t changed. We are doing revenue of over $200M in and on a 10x multiple that would give us a market cap of $2B. 3 months ago the markets where valuing the above stocks at 10x multiples of revenue - today CTT is valued at not even 1x revenue.
The markets now want to see profits rather then huge revenue and no profit. This will happen in the next 12 months.
I have no doubt the sentiment for growth stocks will change back to positive again soon but for now it is what it is.
Good buying opportunities for some. Most likely today will be another belting for the SP but expecting a bounce soon.
Sick of hearing you beating you drum about the same thing every day. Name some of the stocks you have so we can see what you think is a winner lol.
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Last
$1.31 |
Change
-0.010(0.76%) |
Mkt cap ! $496.5M |
Open | High | Low | Value | Volume |
$1.33 | $1.33 | $1.30 | $667.8K | 509.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 31580 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 15218 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5343 | 1.305 |
14 | 25731 | 1.300 |
21 | 88669 | 1.295 |
10 | 109465 | 1.290 |
5 | 74040 | 1.285 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 10604 | 3 |
1.315 | 14450 | 7 |
1.320 | 14651 | 4 |
1.325 | 21416 | 3 |
1.330 | 34306 | 4 |
Last trade - 11.21am 19/08/2024 (20 minute delay) ? |
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CTT (ASX) Chart |