Cettire Limited

ASX:CTT

Cettire Limited

ASX:CTT
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$1.420 (+6.4%)
Last close price
#261
Rank
3
Held by
27
Followers
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Consensus
cbirtles
Company Report
Last edited 3 years ago
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ranked
#102
Performance (51m)
-5.5% pa
Followed by
6
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#Dec 2021 web traffic drop
stale
cbirtles
Added 3 years ago
View author's company report

Stable from November but expect that Nov bounce was due to Black Friday in US and pre-order for Christmas.

interested in other views. b8939ffb5368c4c1e72ef68f3d816904e299e5.jpeg58ba60f3813f084b8edd8290a0b4c06665632f.jpeg

#Bull Case
stale
cbirtles
Added 3 years ago
View author's company report

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##media
stale
cbirtles
Added 3 years ago
View author's company report

Further to previous straw 

New York Times article published 24 August 2021 explaining what Cettire does may have drawn attention 

https://www.nytimes.com/2021/08/24/fashion/fashion-luxury-gray-market.html

Institutional investor substantial holder increase announced after close Friday. 
 

However, caution as AFR article in June re various criticisms of sustainability of business model led to 20% drop in share price. 

#Bull Case
stale
cbirtles
Added 3 years ago
View author's company report

 
upgraded revenue guidance in May 2021 to revenue more than $80m. Results announced this week were revenue above $90m and sales for July up 180% from prior corresponding period. 
Up 22% a few days after results announced. Someone likes the results.