23/08/2023 17:07

Corporate Travel Management (CTD) $18.09

CTD -6.9%: travel stocks have broadly been a great place to be over the last 12 months, however Corporate Travel’s update today shows some cracks in the story coming through. FY23 numbers were largely in line which is unsurprising given the consistent messaging around earnings in the last few months.

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19/05/2023 09:03

Corporate Travel Mgt. (CTD) $21.13

Corporate Travel Management (CTD) provides travel management services to corporates in Australia, North America, Europe and Asia. The company differentiates itself from competitors through its superior technology offering and its return on investment focus - which aims to reduce clients' overall travel spend.

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27/04/2023 09:39

Corporate Travel Mgt. (CTD) $20.96

Corporate Travel Management (CTD) provides management services to corporates in Australia, North America, Europe, and Asia. The company’s pitch is they differentiate through technology which aims to reduce clients' overall travel spend. CTD has recently been awarded a great contract by the UK Home Office for 2yrs with an estimated Total Transaction Value (TTV) of $3.0bn – which is huge.

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11/11/2022 08:49

Corporate Travel Management Ltd (CTD) $17.12

People might be whinging about the significant increase in flights and holiday accommodation due to demand outstripping supply but investors clearly don’t believe it’s going to translate to increased revenue for the travel & tourism stocks with CTD failing to bounce after falling almost 40% from April’s high. Discretionary spending is expected...

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06/09/2022 08:51

Corporate Travel Management (CTD) $18.95

CTD is experiencing a year to forget with its stock having already corrected -34% from its April high although we feel things are starting to improve operationally for the corporate travel business. Revenue more than doubled last year to $389m which was a slight miss as was their net profit of $3m, however, this feels likely to improve and early signs in FY23 show that it...

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17/08/2022 16:57

Corporate Travel (CTD) $21.15

CTD -1.44%: performance is improving for Corporate Travel, finishing the year with a wet sail. Revenue more than doubled in the year to $389m, a slight miss to expectations. Net profit of $3m was light as well, however, this is expected to improve and early signs in FY23 show that it already has despite Asia reopening slower than expected and travel facing a number of issues. The EBITDA run rate in Q4 was $143m, putting them on track for the $265m guided in FY24.

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15/07/2022 09:24

Corporate Travel Management (CTD) $18.28

CTD has already corrected 34% since the height of the “reopening trades” optimism back in late April and unfortunately we believe there’s probably still further to go as a 3rd Covid wave washes across Australia. We believe the stock is still priced for life after Covid albeit with less enthusiasm than 3-months ago hence if we see cases continue to spiral leading to another increase in working...

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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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