CTD 1.31% $13.52 corporate travel management limited

FLT price higher than CTD...WHY?, page-9

  1. 22,000 Posts.
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    Theoretically, the longer CTD waits to raise capital the higher the risk for SH, this is why FLT and WEB have raised money, they are doing all they can to avoid a SH zero result. At the begining of the CCP flu, CTD stance was only a few months disruption, in today time we know this was incorrect, thus they are running a bigger and bigger risk as time goes on without raising capital, yes they can use the debt facitilty but why would any respectable CEO run the risk of debt when future revenues are not in stone thus exposing SH to increased downside if more CCP flu disruption is encountered.... like a second wave for example? Wouldn't it be prudent to protect SH and minimise possible future or ongoing losses due unknown future disruption? Yes because of some silly change to the rule book they will avoid in=tangilbe asset writedowns for a while but next year one has to wonder if such extreme measures will be extended and the other worry for SH is how will the debt lenders (banks) assess the credit line? Have you heard of murphy's law? In my view, responsible CEO's and companies will first and foremost protect SH as something is better than nothing, FLT and WEB are in the responsible boat imo do you think CTD is?
 
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