CTD 0.21% $14.09 corporate travel management limited

Why I passed on CTD., page-74

  1. 23,765 Posts.
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    "The post from MarsC goes to the heart of the matter - if CTD isn't growing much organically it does not merit a premium rating. More so now as it will be harder to grow EPS through acquisitions after recent events."

    Agglommeration via M&A makes the return greater than the sum of its parts (they have been buying businesses at an ev to earnings of around 4 to 5 just like the airlines have done with amalgamation and then adds value by bringing the business into CTO where the PE goes over 15 so at least a doubling in value , so feel your assumptions are incorrect
 
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