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Last edited 4 years ago
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#Bear Case
stale
Last edited 4 years ago

Owned ctd and VG1 at the time the short report came out. Made the decision to sell the CTD and feeling very comfortable with that decision.

since then there have been multiple “the dog ate my homework” type excuses from ctd. 

Eg: pherous forgetting to reregister his personal investmenr company name and vg1 playing funny by registering it instead

Issues regarding pherous claiming to be a chartered accountant, when he doesnt apparently hold the qualification (was one briefly in the 90s but ?not ongoing)

In addition, i worry about webjet and flight centre etc who all seem to be recognising the value and lovely margins that business travellers provide. There is no reason companies wouldn’t switch from one to the other as I cant imagine the technology or software is that sticky.

had a choice to believe in vg1 or ctd, sure some believe ctd but i tend to feel vg1 made some decent points in their short thesis.

There are still some very strong believers in this stock, so sentiment remains strong - but for how long?