CTD - Corporate Travel Management

[Dona Ferentes]

I think that business travel, in particular, will probably be the first to rebound and is a central part of the business. And I think as soon as people feel safe enough to start flying again, that pent up demand that they've had for the last year, basically, will come through in business travel.

pent up demand??

On the SP only, it would seem CTD is a survivor, and trading higher than when Covid emerged, now more than 2 years ago. I haven't had a look under the bonnet or in the cockpit, but there is some interest in the outfit.

.... and , now the ACCC has not opposed the deal, "Corporate Travel Management (CTM) completed its $175 million acquisition of Helloworld Corporate announced late last year. The takeover was funded by a fully underwritten equity raising, comprising a $25 million institutional placement and a $75 million share purchase plan, the issuance of 3,571,429 new CTM shares to Helloworld.

 

[Dona Ferentes]

Corporate Travel Management has told the Macquarie Conference it expects June quarter revenue to exceed comparable revenue posted in calendar year 2019.
It did not provide any guidance on its expected full-year loss for FY 2022. It said it had no debt and a sufficient cash runway to support its recovery.

CTM a much larger business due to COVID acquisitions
• Expect EBITDA of $265m on full recovery, +76% versus pre-COVID
• 4Q22 monthly revenue to exceed CTM CY19 revenue. HLO Corp additional

CTM will reach 100% recovery faster than the corporate travel industry
• Strong market share gains. Value prop of service, tech, ROI highly relevant
• Little to no recovery impediments exist in NA, EU, ANZ

Asia - COVID restrictions delaying recovery in HKG/China
• Asia is c80% Greater China. Asia profit contribution <10% on full recovery
• Singapore- rapid recovery as impediments removed: last week, 70% recovery

FY22 earnings:
• Still expecting c2/3 EBITDA skew in 2H22. Omicron and resulting global lockdowns impacted 3Q22 recovery
• Strong 4Q22 will more than off-set 3Q22 Omicron impact and provide strong momentum for FY23 EBITDA

 

[Dona Ferentes]

... as high as $21.90, now 10% up at $20.88.

CTD confirms it has been awarded the Bridging Accommodation & Travel Services contract by the UK Home Office.

Home Office have estimated this contract at £1.6bn (approx. AUD3.0bn) commencing 01 March 2023 for 2 years with ability for a one-year extension in line with on-going demand requirements.

This work involves highly complex services and logistic support that will be delivered by an already established dedicated team within CTM that has both the experience and specialised knowledge to support this work. This region is already CTM's strongest
contributor to CTM’s financial results and as a result, this contract will have a significant impact on the further growth of our European region in FY24 and beyond.

 

[Miner]

CTD (ASX) Ann: Profit Guidance

Profit Guidance

hotcopper.com.au

CTD did an announcement and market dived down - less than expected performance ?
Doubled the earning. Look at dividend and profit - but market wanted to more (greed )
10 times more trading volume than yesterday.
There must be some red flags I did not see