CTD 0.39% $14.12 corporate travel management limited

Wild ride this one is! For me, CTD is a quality biz but at $30,...

  1. 207 Posts.
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    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
$14.12
Change
0.055(0.39%)
Mkt cap ! $1.780B
Open High Low Value Volume
$14.13 $14.28 $14.03 $4.321M 308.7K

Buyers (Bids)

No. Vol. Price($)
8 944 $14.10
 

Sellers (Offers)

Price($) Vol. No.
$14.13 554 5
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Last trade - 15.40pm 22/11/2024 (20 minute delay) ?
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