CTT - Cettire Limited

[qldfrog]

Picked for Dec stock competition.

Certainly, in an uptrend, now pulling back...

View attachment 149866

Went from top position to laggard in a month...arrrrrggg.and i owned...

 

[aus_trader]

Went from top position to laggard in a month...arrrrrggg.and i owned...

Hopefully rebounds...?

 

[Telamelo]

Touched a low of 33c mid-year before recovering. And CTT even got an ASX query this week
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Rebounded from 0.33c this time last year.. to nudging 52 week high today @ $2.62c !!!

 

[Dona Ferentes]

Rebound ace...

selling high-end

... not for me.

 

[frugal.rock]

... not for me.

I can't take it seriously.
The name sounds like an Irishman saying satire.

 

[Dona Ferentes]

Sales jumped 89 per cent to $354.3 million, underpinned by more active customers, and higher orders from those shoppers.

Sales growth was driven primarily by more active customers to 575,888 at period end, up from 313,982 a year ago, and growth in orders per active customer - those that have purchased in the past 12 months.

Statutory gross profit increased in the half to $82.2 million, from $47 million a year ago, driven by higher sales and cost management. Net profit for the half-year was $12.8 million, up 60 per cent.

It also flagged a strong start to the new half and said it is exploring capital management initiatives.

 

[galumay]

Pretty amazing result, did nearly as much in H1 as the whole year last FY!

 

[Dona Ferentes]

Pretty amazing result, did nearly as much in H1 as the whole year last FY!

they must have some grafted on customers, and operate in a corner of the market I have little exposure to. Good luck if they can make it work.

 

[debtfree]

Quick chart update and also a write up in Market Index today.

Why Cettire rallied as much as 40% today then gave back its gains

The combination of strong face value growth numbers, an earnings beat, positive January data and 2H24 momentum resulted in a massive gap up at the open.

www.marketindex.com.au

 

[Dona Ferentes]

and .... Cettire shares tumbled 22.1 per cent following an investigation by The Australian Financial Review, which revealed that duties charged by the company on goods were not paid to the federal government.

.
it seems some 23-25 per cent of goods are returned (down from 28, they proudly claim). AFR bought 4 items, which were dispatched as units and under $1000 each. Returned all 4 as one transaction and there was allegedly a cost on top of the flat fee, to cover duty.

 

[Dona Ferentes]

Tanks a lot. down 40 per cent

 

[finicky]

Market Matters afternoon report:

• Cettire (CTT) +79% had an unbelievable day on news accounting group Grant Thornton had signed off on an audit of the business with no change in its revenue policy i.e. the market thought CTT had dodgy books but todays news says otherwise.

Not Held

 

[Dona Ferentes]

Cettire plummeted 14.5 per cent to 68¢ after warning investors it will probably be forced to push up prices in the US, its key market, after European-made goods were slapped with tariffs.

 

[Dona Ferentes]

Cettire plummeted 14.5 per cent to 68¢ after warning investors it will probably be forced to push up prices in the US, its key market..

and another slip from 67c to below 50c when CTT reported the quarter had 1 percent sales growth to $260 million and a $4.7 million ebitda loss, compared to pcp

and tight-lipped on whether it will need to raise capital soon..

Since IPO

 

[galumay]

They also failed to mention the likely impact of the removal of de minimis for US imports, pretty disingenuous not to mention that when talking to tariff impact. This thing has more red flags than a Chinese Party meeting.