Why CTD is a good company?I thought people all book trip by...

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jbb6789

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09/12/22

22:02

Post #: 65251177
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Originally posted by Swage_17: ↑

If recession is the sole reason for the SP decline, this is the right time to be buying into CTD. Recession will go away in a couple of years but the business will still be here. There is no better time to buy a quality business than when it's SP and performance is down due to external factors (that are temporary).
The more I think about it, the more I am convinced there is nothing dark at play here. This seems to be a sell off based on recession risks and ofcourse inflationary pressures along with poor airline performance. All of these will be away in the next 12 months. I am prepared for a very bad H1 but as long as they are profitable on a NPAT basis I am satisfied with my investment. If H1 is particularly bad the SP could go lower.

I must say part of the reason I sold out initially was because Jamie talks a big game but then comes up with excuses of why the targets weren't hit. I think CTD has done a good job of getting the revenue but profitability is low. This is why I wouldn't be surprised in the least if 1H doesn't hit NPAT of $24m.

The interesting question is, how low will the price go. I will definitely be keen for a top up around $12. Looking at the charts, there is a gap at $11.93 that hasn't been filled. From what I can see that is the last remaining gap on the downside for the last decade so it will be interesting to see if it gets filled.

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Why CTD is a good company?
I thought people all book trip by themselves

CTD Price at posting: $14.09 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $13.43		Change 0.120(0.90%)		Mkt cap ! $1.963B

Open	High	Low	Value	Volume
$13.35	$13.48	$13.35	$1.285M	95.78K

Buyers (Bids)

No.	Vol.	Price($)
21	1572	$13.42

Sellers (Offers)

Price($)	Vol.	No.
$13.44	201	3

View Market Depth

No.	Vol.	Price($)
13	451	13.420
14	1530	13.410
11	2334	13.400
5	1345	13.390
7	1395	13.380

Price($)	Vol.	No.
13.430	46	2
13.440	723	9
13.450	1338	8
13.460	1846	11
13.470	2127	6

Last trade - 11.30am 25/06/2025 (20 minute delay)

CTD (ASX) Chart

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