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$1.43 cettire limited

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andrew9484

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12/06/22

20:59

Post #: 61967576
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Originally posted by Malteser: ↑

Now it makes sense. I was wondering how it was getting such growth. It spent $26M on marketing in one half!!!!! That's over 22% of revenue!! That is absolutely outrageous, especially for just a reseller. Just a scam to prop up the 'we are growing' story. That's about the same marketing spend as KOGAN, except KOGAN does around $1.2B of sales.
I hate to tell you all, but anyone can get sales by going broke with marketing.

Anyone who is just looking at sales, and thinking "Cettire is growing so fast, this is awesome" will be absolutely scorched within the next couple of years when the SP implodes.

So hilarious - profit went backwards by $15M despite tripling sales.

I think the 50c share price it IPO'd at is about what I'd buy it for.

I think the pain is only just beginning.

***gets his popcorn out***

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CTT Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.43		Change -0.060(4.04%)		Mkt cap ! $543.2M

Open	High	Low	Value	Volume
$1.45	$1.46	$1.39	$2.445M	1.717M

Buyers (Bids)

No.	Vol.	Price($)
3	21294	$1.43

Sellers (Offers)

Price($)	Vol.	No.
$1.43	20000	1

View Market Depth

No.	Vol.	Price($)
1	70	1.425
2	23141	1.420
1	24822	1.410
6	40632	1.405
10	89987	1.400

Price($)	Vol.	No.
1.440	6711	1
1.455	1000	1
1.470	1000	1
1.485	1000	1
1.490	5000	1

Last trade - 16.10pm 18/11/2024 (20 minute delay)

CTT (ASX) Chart

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