If you back out the marketing costs revenue will tank. I made this point months ago: The company can't grow the bottom line without cutting marketing and can't maintain the top line without the marketing. In the last half they literally spent $2 on marketing for every $1 increase in gross profit v the pcp.
Anyway, I made the same point months ago. Since then the shares have fallen a further 65%.
Bring on a Buyback, page-11
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Last
$1.86 |
Change
0.070(3.91%) |
Mkt cap ! $709.1M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.88 | $1.79 | $2.302M | 1.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7401 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 1000 | 1 |
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| CTT (ASX) Chart |