CTT 2.72% $1.32 cettire limited

We have 67% of the half yearly data, July - October is $8.5m...

  1. 305 Posts.
    lightbulb Created with Sketch. 74
    We have 67% of the half yearly data, July - October is $8.5m profit including $3m in October alone. November and December should be massive and much bigger than October. Conservatively and just a punt, I think CTT can do $4m profit in both November and December.

    So that’s a quarterly profit of $11m and half yearly profit $16.5m. I think the market will react quite positively to an announcement like that and start to attract institutional money.

    Then we are on track for $30m+ full year profit (conservatively).

    A growth stock like CTT with high double digit growth can trade on 60x - 1000x earnings in a bull market like we saw in 2020.

    Potential market cap of $1.8b - $30b (current market cap $630m)

    Potential share price of $4.60 - $75

    We currently sit on a measly $1.60……

    Given the high profitability, strong cash balance, zero debt and no need to raise capital. If CTT continues to grow and print money, Dean can just cash out $20m+ in dividends each year and won’t need to sell stock.

    Bring on the quarterly!
 
watchlist Created with Sketch. Add CTT (ASX) to my watchlist
(20min delay)
Last
$1.32
Change
0.035(2.72%)
Mkt cap ! $503.2M
Open High Low Value Volume
$1.30 $1.34 $1.29 $6.808M 5.170M

Buyers (Bids)

No. Vol. Price($)
1 28998 $1.32
 

Sellers (Offers)

Price($) Vol. No.
$1.33 2000 1
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
CTT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.