The big short position taken by VGI Partners still seems to be in place.
On Monday 29th Oct’18 all hell broke loose with the weekend publication of the infamous ‘red flags report’ to VGI clients. The share price declined from the Friday close of $27.64 to close on Monday at $20.05 just above its intra day low.
Shortman.com.au reports short position in CTD as at Friday 26th Oct’18 was 4.9m or 3.97%
The short position peaked at 5.03% on 5th Dec’18 and the latest reported position (1st Mar’19) at 4.25%, some 4.6m short sold shares.
Is VGI right? If it is not right what will be the signal for VGI to unwind its short position?
Who do you back, Jonathon Hempton of VGI who has a pretty good track record or the directors of CTD who have their reputations on the line, not to mention EY who provided commentary on VGI’s second report on CTD.
One thing I would bet my house on is that all of CTD management will be focused on cash flow in H2 FY’19 and I just hope they continue with the strong organic earnings growth enjoyed in H1
Cheers.........Daicosisgod
The big short position taken by VGI Partners still seems to be...
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Last
$12.14 |
Change
0.210(1.76%) |
Mkt cap ! $1.776B | |||
| Open | High | Low | Value | Volume |
| $11.92 | $12.23 | $11.82 | $8.944M | 739.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 782 | $12.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.22 | 1816 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CTD (ASX) Chart |