Wild ride this one is!
For me, CTD is a quality biz but at $30, was overvalued. Have thought that for a while and any shake of the tree is going to be substantial. I still don't think there is anything untowards in the biz. Having a look at the sales revenue alone and there is consistent growth and you can't fudge the numbers for that long, showing that sort of growth.
Looking at a macro level, the only region of concern for me was USA where it was somewhat flat growth. All others performing well.
CTD looked like a good shorters target. Sky high PE over an extended period and getting higher with every financial guidance announcement. Not surprised we are where we are now.
I lost over 100k in last weeks antics but my investment thesis hasn't changed. If I was a trader I would have sold as OP said at $20, but 12 months on, I'd value CTD at higher than 20.
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Last
$13.05 |
Change
0.120(0.93%) |
Mkt cap ! $1.909B |
Open | High | Low | Value | Volume |
$13.26 | $13.34 | $12.91 | $5.615M | 428.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 74 | $12.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.05 | 9120 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2773 | 12.910 |
3 | 1774 | 12.900 |
2 | 2534 | 12.810 |
1 | 390 | 12.800 |
1 | 1000 | 12.760 |
Price($) | Vol. | No. |
---|---|---|
13.130 | 2000 | 1 |
13.150 | 1000 | 1 |
13.200 | 6720 | 1 |
13.330 | 1000 | 1 |
13.340 | 155 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CTD (ASX) Chart |