2 ideas in 200 words #7
We are topping up...
Corporate Travel Limited (ASX: CTD)

We continued to add to our CTD holding during the recent Israel-Iran conflict, as travel stocks were sold on anticipated disruptions. As tragic as the conflict is, it is unlikely to have a material impact on the company’s long-term growth drivers.
Such events invariably provide an opportunity to add to high-calibre businesses at a discount. CTD has also become the 11th most shorted stock on the ASX at -9.51%. This is unusual for a company of this quality, and sets the scene for a potential short-squeeze if earnings continue to grow as forecast.
Also adding to...
Austin Engineering Ltd (ASX: ANG)

ANG is down 45% financial YTD and is most likely experiencing the final wave of tax loss selling. In what is a rarity, the main culprit appears to be excessively rapid growth, which has stretched their production capacity.
As a result, higher costs from expansion and temporary contractors have significantly crimped margins in the rapidly growing Chilean operations. Revenue is on track to set another record at $370m, with an even stronger outlook for FY26. Not surprisingly, Thorney Group recently increased their stake to 20.4%.
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