23/06/2022 09:05

Corporate Travel Mgt Ltd (CTD) $18.81

CTD is a business MM has enthused about in the past but its not been immune from the market/sector selling. After rallying strongly from its COVID lows and expanding through acquisition during the pandemic weakness MM continues to like the stock but we can see ongoing fears of a recession leading to a rocky few months ahead and it doesn’t feel a “must own” stock right now.

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10/06/2022 09:07

Corporate Travel (CTD) $21.33

Any stock associated with discretionary spending have been smacked of late and for the 1st time since the pandemic MM is in no hurry to buy into CTD’s next $6 pullback. The economic climate and consumer confidence have changed even if people remain keen to go on holiday after being in and out of lockdown for the last 2-years. We believe patience is now required towards CTD with a further 20% downside feeling a definite possibility.

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20/05/2022 09:29

Corporate Travel Management (CTD) $21.83

CTD is another ASX travel company which has corrected over 20% after making new highs following MM’s 2022 mantra of “sell the pop”. The company was in acquisition mode through the pandemic which should give plenty of room for growth in 2022 especially as its sits on zero debt helping create a solid platform moving into 2023. We like this business, it’s just a matter of what price represents good value, we like the stock around $20 but...

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05/05/2022 09:14

Corporate Travel Mgt (CTD) $24.35

CTD is threatening to be another candidate for “sell the pop” after quickly reversing 8% from its recent high. We’ve been bullish this stock for most of the post COVID rally but after reaching our target area and then reversing lower after releasing a trading update outlining how the Omicron variant had impacted revenue through the 3rd quarter we feel more comfortable now adopting a neutral view. This is another example of marginal new highs failing as we’ve highlighted a few times recently.

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03/05/2022 17:16

Corporate Travel (CTD) $24.96

CTD -3.26%: one of a few companies to present at the Macquarie Investor Conference today, Corporate Travel was weaker on the back of their update. The corporate travel industry is recovering and CTD expects to hit pre-COVID revenues in the 4th quarter this year, though this does include the acquisition of Helloworld’s corporate business which was wrapped up at the start of last month. They talked to a long term EBITDA target...

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17/02/2022 09:23

Corporate Travel Management (CTD) $24.34

CTD has delivered a result ahead of many nervous expectations following the recent Omicron wave of the pandemic. The stock rallied 7.5% yesterday after the company more than doubled its revenue as travel restrictions start to lift, the 120% lift in revenue led to a small $0.4mn loss which should be comfortably reversed moving forward. North America and Europe led the charge with Australia likely to follow suit as corporates return to the office – a great read through from DXS on this front.

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01/02/2022 09:20

Corporate Travel Management (CTD) $20.79

On Friday we mentioned a Mark Twain quote - “history doesn’t repeat but it rhymes”, noting how it often follows with the share market, CTD has now pulled back $6.30 +/- 10% four times in less than 2-years. Obviously all good things, just like bull  markets, come to an end but for investors like ourselves who like CTD as both a strong company, which...

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08/12/2021 09:15

Corporate Travel Management (CTD) $23.23

The tourism and travel stocks have bounced back to life in a big way following the initial Omicron scare, we think that CTD might be offering a useful road map for the ASX over the coming weeks / months – we are bullish CTD targeting another 10-15% upside, this should give us a useful read through on our position in Qantas (QAN) and the market...

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02/12/2021 09:25

Corportae Travel (CTD)

We touched on Corportae Travel (CTD) earlier in the week but today we thought was an ideal opportunity to cast the net wider in anticipation of further volatility and potentially weakness in the travel and tourism space.

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01/12/2021 09:38

Corporate Travel Management (CTD) $22.11

We’ve liked CTD ever since it got on the front foot through the original outbreak of the coronavirus back in 2020 via the acquisition of US business Travel & Transport for just over $US200m, refreshing to see an Aussie company buying as opposed to being bought. So far CTD has corrected over 20% on the news of the concerning fresh strain with the obvious question...

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