FY24 Underlying NPAT guidance was $125-140m which translates to...

FY24 Underlying NPAT guidance was $125-140m which translates to between 85-95c.

If we take the midpoint, then you have a business trading on a PE of 14 which is not really cheap given (a) revised forecast down quite materially, (b) concerns around the UK project plus some of the humanitarian work they did which helped them recover in FY2023, (c) questions about business travel ever returning to pre-covid times and probably the biggest issue being Jamie who may not be to everyones liking and not too many believing in the 5 year growth story.

Having said all of that, the business would not be here without him building it as he has and frankly even at the low end of guidance (and I'd imagine they would have had to update the market if they were going to fall short), this will have grown from EPS of ~63c in FY2023 to ~85c in FY2024.........if Jamie can just moderate market expectations, but continue to execute, the business will be fine and the share price will follow earnings.....but again, that is not Jamie's style so you have to just take the good with the bad.

Anyway, not too much longer to wait....another 3-4 weeks, and in the interim, they are probably getting some steer from the new UK govt on what is going to happen to that large contract........and as I mentioned above, it may not be why you invested in CTD, but someone has to provide these services (alternative being 1000s of people homeless because (a) cannot afford housing, and (b) cannot find appropriate housing even if they have the funds).