CTT 0.31% $3.19 cettire limited

massive sell for Cettire, page-9

  1. 1,038 Posts.
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    I wouldn't worry about it mate... just some short term profit taking.

    Not when even the afr is now back-pedalling furiously to avoid being woefully wrong about Cettire all the way to the ASX100 - probably dont want a repeat of the Afterpay debacle now that chook has retired:

    https://www.copyright link/markets/equity-markets/hedge-fund-lhc-backs-cettire-to-form-duopoly-with-farfetch-20230721-p5dqb2

    I note that Cettire will be the market leader in the duopoly - their unit economics and operational leverage far surpass Farfetch.

    Just hold to a $5bn cap. Short time coming, when the persistence of the model is widely known.



 
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