Company Report
Last edited 2 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#82
Performance (29m)
8.2% pa
Followed by
9
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#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.