Guys I was worried after today - but then reading the articles done in the past looks like rehashing of old agenda

Cettire shares soar despite working in a ‘cloud of mystery’

This one is a classic - look it up.

Sue Mitchell and Carrie LaFrenz

Updated Jun 12, 2021 – 12.42pm,first published at Jun 11, 2021 – 4.45pm

Same suspects - Ron Shamgar - Negative

“There is a risk these brand owners force some of these wholesalers not to sell to Cettire and that could impact them,” Mr Shamgar said. “We bought shares a few months ago at $1.15, within six weeks it went to $1.85, so we got out.”

“It does seem to operate in this cloud of mystery,” said Mr Shamgar. “The fact they had to block their IP for their website in Italy goes to show that there are these risks. For us, it got too expensive and we sold out [although] it looks like we sold too early.”

Jessica Farr-Jones - Positive


, a portfolio manager for the Regal Emerging Companies Strategy, said the fund took a material stake in Cettire at the time of the IPO and bought more shares in the weeks after.

“We were attracted to the company’s exceptional growth rate of greater than 500 per cent at the time of the IPO, founder-led management team, and a globally scalable, capital-light business model in the large personal luxury goods market,” said Ms Farr-Jones.

“The valuation at IPO of two times revenue was also attractive as it was priced in-line with the multiples of slower growing, domestic-only e-commerce peers.”

Cettire’s sales have risen from $545,000 in 2018 to $22.8 million in 2020. Sales soared 331 per cent to $18.5 million in the March quarter, prompting Cettire to upgrade prospectus forecasts from $70 million to $80 million. It also expects to make a profit, subject to marketing spend, after previously forecasting a loss of almost $2 million.



Company Comments

In an emailed statement, Cettire dismissed concerns about the sustainability of its business model, but declined to comment specifically on supplier relationships or other issues raised by investors.

“Cettire has developed a unique and compelling business that provides value to customers and suppliers and is exceptionally positioned within the growing luxury goods market,” a Cettire spokesman said.

“The company is confident in its outlook and will not engage with uninformed commentary.”



Same stuff - goes round and round. Whenever the stock price does well - they try and cut it down. Anyone that knows luxury - knows that women love this stuff (some men too). Take a trip to Asian countries and see how many stores there are. Any chance to buy it cheaper and they are all over it - check out the Calvin Klein stuff at Costco - like flies on sxxt