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$2.96 cettire limited

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andrew9484

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196

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 $2.96		Change -0.070(2.31%)		Mkt cap ! $1.128B

Open	High	Low	Value	Volume
$3.04	$3.06	$2.96	$2.363M	786.4K

Buyers (Bids)

No.	Vol.	Price($)
40	53088	$2.96

Sellers (Offers)

Price($)	Vol.	No.
$2.97	37361	41

View Market Depth

No.	Vol.	Price($)
39	57298	2.960
29	84699	2.950
13	13666	2.940
9	40114	2.930
9	167005	2.920

Price($)	Vol.	No.
2.970	33037	43
2.980	35941	23
2.990	26636	15
3.000	50348	14
3.010	23450	16

Last trade - 14.01pm 15/05/2024 (20 minute delay)


Last $2.94			Change -0.070 ( 3.02 %)
Open	High		Low	Volume
$3.04	$3.04		$2.94	313967
Last updated 14.20pm 15/05/2024 ?

CTT (ASX) Chart

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