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!
CTT chart, page-758
Add CTT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.36 |
Change
0.100(4.42%) |
Mkt cap ! $899.7M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.36 | $2.28 | $4.185M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22677 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 87112 | 5 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.35 |
Change
0.100 ( 3.64 %) |
||||
| Open | High | Low | Volume | ||
| $2.30 | $2.37 | $2.29 | 472316 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| CTT (ASX) Chart |