Ann: Change of Director's Interest Notice - BR, page-25

I would first look at the time a company has been in the business...and how long to get to break even point..Farfetch has been in the business for many many years and still cannot generate an annual profit from massive turnover...cost structure is wrong. I believe it is all based on the range of product competitively priced and a very low cost structure ..which Farfetch has failed as yet to get .Over a little more than 6 months Farfetch has gone from US $70 to US$40...and look at what CTT has done...I believe CTT has done a LITTLE BETTER...( from approx $1 to $3.69 in the same time period) CTT is growing much faster from a smaller base of course and has been a tad more rewarding !!!! ....One would be foolish to make over hasty judgements ...but so far it is clear that this founder company CTT has been the place to be ie assuming making money is your objective.

Having said that I believe that World StockMarkets ..face further Slowing World Growth ,Rising Inflation and Higher Interest Rates I believe further downside is to be expected in all StockMarkets ....with lower share prices world wide ...so I will wait my opportunity to add to my position in CTT.

I believe CTT with its lower cost base, competitively priced products ,strong growth ,no debt and a solid bank account may face the oncoming market adjustment reasonably well...We must not forget CTT is headed up and driven by a committed founder who has done very well operating this company.

Still using my 10 times revenue multiplier( explained why and clearly on early posts ) and working on a projected revenue of a very conservative 170 million for this financial year ie plus $ 60 million then a price of $4.50 / $5.00 by financial year end is a possible outcome....I believe a conservative outcome ..if of course you believe growth will be stronger who am I to argue ..if you believe slower growth ... again who am I to argue...my figures are only my estimates .