CTD 1.76% $12.69 corporate travel management limited

Ann: CTM STRENGTHENS SENIOR MANAGEMENT CAPABILITY, page-9

  1. 22,317 Posts.
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    Did Morgans downgrade this sucker recently? Someone could have posted to keep us all up to date, i always do what i can for HC readers.

    I'm starting to think the Afr is worth a subscription, they've got some good journo's who stay on the ball.

    Heres an article today with some related info....
    https://www.copyright link/rear-window/morgan-stanley-in-domino-s-corporate-travel-dramas-20190611-p51wgp

    "There was Morgan Stanley’s prime brokerage desk becoming a substantial (nominee) shareholder in Corporate Travel Management on May 30 after the shares held short for its hedge fund clients ticked over 5 per cent of the company’s issued capital."

    Bella from Morgans aparently..." Analyst Belinda Moore, famously with 32,565 Corporate Travel shares to her name (worth $775,873 at Tuesday’s close of $23.84), revised her price target from $31.65 to $27.50 and her forecast FY19 earnings down from a beat to a meet."
 
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