There may be a bit of over analysis going on here.
The stock should never have got to the valuation it did, but in hindsight the same could be said for the likes of TPW and ABY. Both good businesses but limited in scope to their home market.
And look at KGN. The founders were gamed by the market and sold stock at $6.40 in 2018, two years later they're $25 and now they're $5.11 ! Parallels with CTT perhaps ?
None of this tells me where the bottom is, but the valuation has become quite reasonable for a company growing so fast.
Pick The Bottom, page-126
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Last
$1.59 |
Change
0.110(7.46%) |
Mkt cap ! $604.2M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.62 | $1.49 | $4.272M | 2.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28651 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 12487 | 2 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| CTT (ASX) Chart |