Its an all to common practice. Let the shorters do their business. Buy up big low, issue a positive report and sell to make a few $$ on the way up.
Reflects on the brokers involved not CTD. Happens all the time.
Joe in his profit estimates for CTD (as did VGI) forgot to take into account the positive effect of exchange rate movements have on CTD EBITDA.
FX sensitivity upon EBITDA in FY19: • For every +/- USD1c movement = approximately +/- AUD$1.1m FY19 EBITDA • For every +/- GBP1p movement= approximately +/- AUD$0.7m FY19 EBITDA
Foreign Currency cross-rates average USD0.76c/HKD6.00/ GBP0.56p during the year.
Will add a few mill to EBITDA.
Its an all to common practice. Let the shorters do their...
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Last
$12.47 |
Change
-0.430(3.33%) |
Mkt cap ! $1.824B | |||
| Open | High | Low | Value | Volume |
| $12.71 | $12.78 | $12.47 | $10.64M | 845.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1444 | $12.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.50 | 660 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CTD (ASX) Chart |