Thread by @puppyeh1

UPDATE - I am exiting my position in $CTT.AX, Cettire.

When I wrote it up CTT, it was $1.18 and it is now $1.86, so its +58% in < a month...obvi the px is higher and now ~12x EV/GP, ~3.5-4x EV/S (fwd) on my numbers...still not really too expensive on the numbers but...

https://twitter.com/puppyeh1/status/1373871161700876290

...the majority of the comp set has compressed (as growth names have traded off); brokers have initiated coverage/non-Aussie funds have started to get involved (which was key catalyst here); and importantly my thread prompted lots of good analytical feedback re the biz...

...some of which I could answer but some of which I could not. I still don't totally understand why $CTT.AX has to win...and I am at least incrementally concerned that a good chunk of the outsized growth was COVID-related...

This is NOT an indictment of the long-term opportunity (still clearly massive) but looking at other Aussie ecom names like $RBL.AX, $KGN.AX that have been obliterated on some normalization, I don't want to get complacent...

....and it has generated a huge excess return in a v short time.

Thanks again to @SharogradskyM for bringing the name to my attention, ofc i cont to follow and may well get involved again. thanks also to all who commented on the thread, I learnt a lot. I ♥️ Fintwit!!

GLTA 🙏