CTT chart, page-276

Hello dear charterer…
Thank you for your map and the sweet happiness of a success that comes by your hand alone - and makes me smile all the more for that .
- I must say I continue to fail to be unimpressed by your work, on so many levels.

And this AFR story from yesterday is not based on technicals but does show a chart and also gives a look, FWIW at some fundamental aspects of this company.

Thank you again and
cheers

https://www.afr. com/markets/equity-markets/dark-horse-cettire-tops-kogan-valuation-20210906-p58p52​

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Dark horse Cettire tops Kogan valuation​

Tom RichardsonMarkets reporter and commentator​

Sep 6, 2021 – 2.56pm​

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Luxury fashion marketplace Cettire has topped the value of e-commerce rival Kogan after its full-year earnings report, which exceeded prospectus forecasts, triggering a buying frenzy.​

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Online retailer Cettire, which sells luxury goods such as Gucci, Burberry, Fendi and Dolce & **bana, reported a maiden loss but sales rose four-fold. ​

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The stock popped 22 per cent to $3.21 on Friday on a $1.22 billion valuation, up 542 per cent on its December 2020 initial public offer price of 50¢ against Kogan's $1.18 billion.​

On Monday, the stock was headed for a 5 per cent loss to $3 before the closing bell.​

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For financial 2021, Cettire reported a $0.3 million loss on revenue that rose 384 per cent to $124.5 million on a constant currency basis.​

Active customers grew 285 per cent to 114,830, unit orders grew 353 per cent, and website visits 266 per cent to 13.9 million.​

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Haris Khaliqi, a portfolio manager at Paragon Funds Management, said it bought Cettire shares just after the December IPO. ​

“There was no other mid-cap tech company demonstrating that kind of top-line growth,” he said. “But more interestingly the unit economics were great.​

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“They were getting three times their return on customer acquisition cost, which is twice that of [larger US rival] Farfetch, conversion rates are improving, order values, everything was trending in the right direction.”​

Cettire said revenue grew by 181 per cent in July 2021.​

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“Now the market’s just focusing on, can this level of growth be sustained?” said Mr Khaliqi. “The market’s big enough and they’re throwing more advertising dollars at it now. It’s very promising still.”​

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Last week, broker Bell Potter hiked its valuation on shares from $1.90 to $3.10, although other analysts have highlighted significant supply chain risks to its business model. ​

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Short interest in the stock was 0.22 per cent as of August 31.​

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