Alex right now we know that on Ctt release to the ASX recently updating the market... that they said that they projected a little more than $85 million of revenue ..if we projected $87 million of revenue say on a grow stock revenue multiple of 10x ..we get $2.28 ...near enough the low of today...at a revenue of $88 million the price about $2.30...so the shares are now valued at what could be said is the conservative revenue range ..but gives nothing in the price for next years revenue growth....I believe it has some some panic selling from lots of small retail holders ...working on only the bare revenue of $85 million ..the projected price ..$2.23.
So if it drops to $2.20 for the short period of a week or so it's still within the Value Range.of $2.20/ $2.30 .
Short term of course does not include ..any adverse macro forces that may impact us from New York!!! But what's the market without a little nail biting ...makes all the risks worth while..Alex I'm sorry to say that after 50 years in this business a form of Masochism is essential if you are to enjoy StockMarkets and getting cheap prices for a while allows one to do a lot of little bites....My motto never buy in a hurry ..never sell in a hurry..
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Last
$1.88 |
Change
0.020(1.08%) |
Mkt cap ! $716.7M |
Open | High | Low | Value | Volume |
$1.86 | $1.88 | $1.83 | $2.135M | 1.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | $1.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.88 | 14550 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 1.870 |
3 | 27320 | 1.865 |
1 | 1000 | 1.855 |
1 | 1000 | 1.850 |
4 | 66398 | 1.845 |
Price($) | Vol. | No. |
---|---|---|
1.880 | 12099 | 3 |
1.885 | 5853 | 3 |
1.890 | 57595 | 3 |
1.895 | 24788 | 2 |
1.900 | 32392 | 6 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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CTT (ASX) Chart |