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!!??
ALEXWANG...it would be well worth your while looking at a US...
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Last
$1.22 |
Change
0.053(4.49%) |
Mkt cap ! $466.0M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.16 | $5.595M | 4.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 71203 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 11552 | 24 |
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| Last trade - 14.02pm 01/07/2024 (20 minute delay) ? |
| CTT (ASX) Chart |