Company Report
Last edited 2 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#58
Performance (21m)
11.3% pa
Followed by
5
Straws
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#Business Model/Strategy
stale
Last edited 2 years ago

CTT has been going for a little run of late, up strongly today, again. I had an interesting chat with a long-term shareholder on this. Obviously a big believer, but thought that the market had misunderstood the stock (partially CTT's management's fault who are notoriously light on detail/engagement with shareholders) and it is really starting to hit its straps. Not profitable yet, but getting close and as an earlier post pointed out a negative working cap cycle which is always attractive (i.e. it gets its money from customers before it pays it creditors - unusual in this world). Holding a good level of cash and worth watching - last update was pretty strong on turnover improvements and profitability.


I do not hold CTT either in IRL or SM.