Food for thought for everyone who is very concerned about the SP:
I bought into CTT some months ago after arriving late to the 'party'. The SP kept surging forward as I rubbed my hands in glee.
On 16th June 2021 (1 month ago) the price had been smashed down over JUST a 3 day period from an intraday high of $2.90 to an intraday low of $1.76. Negative comments without adequate supporting facts or data were made by a party whose intentions, reasons or purpose are not known.
I sold.
And then the SP started to climb so I bought back in.
13 trading days later the SP hit an intraday all time high of $2.93.
As I write 10 trading days later the SP is $2.13 and I am underwater this time.
The company upgraded a May 3rd revenue estimate from $80m to $85m on June 15th - not many days before the close of the FY.
Personally, having run companies in the past, my experience and my gut is saying the company MUST do everything it can to frontload revenue and backload expenses to the extent required to BEAT that $85m estimated revenue to lift the cloud over the sentiment.
If you were running this company wouldn't you be doing everything you could to beat the $85m forecast?
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Ann: Cettire Upgrades FY21 Prospectus forecasts, page-226
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$2.28 |
Change
0.010(0.44%) |
Mkt cap ! $861.5M |
Open | High | Low | Value | Volume |
$2.24 | $2.33 | $2.23 | $2.127M | 933.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 13103 | $2.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.29 | 14660 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 12373 | 2.270 |
17 | 45909 | 2.260 |
9 | 13203 | 2.250 |
10 | 46765 | 2.240 |
8 | 16286 | 2.230 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 10727 | 11 |
2.290 | 7140 | 8 |
2.300 | 107307 | 13 |
2.310 | 4623 | 1 |
2.320 | 43466 | 4 |
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