Unfortunately for the shorters, tax loss got into the afr and was reported.
Grant Thornton then did deeper procedures (i.e. all the points raised by tax loss were treated as key audit matters) and they engaged outside experts when local knowledge was not enough.
Tax loss effectively put an end to his own short thesis by raising the ire of the financial press.
GT covered their asses and took much longer than normal to do the audit. And they were acting to prevent a potential class action.
This gives much comfort to investors that think the luxury market will rebound, and Cettire has a place in online luxury.
Unfortunately for the shorters, tax loss got into the afr and...
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Last
$1.43 |
Change
-0.100(6.54%) |
Mkt cap ! $545.1M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.51 | $1.43 | $3.447M | 2.358M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8439 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 1000 | 1 |
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| CTT (ASX) Chart |