ASX Announcements
This Month
Phil King’s Regal Partners set for major payday after banner year
Soaring funds under management and strong performance pushed fees at the investment house, which has snapped up several rivals this year, to record levels.
- Joshua Peach
- Opinion
- Investing
UniSuper’s John Pearce has a warning for this financial year
Super funds and portfolio managers have ruled off on a year that was powered by super stocks. As another begins, they’re looking for the obvious trades.
- Jonathan Shapiro
June
Cettire CFO facing multimillion tax bill on ‘worthless’ share options
Tim Hume is one of the biggest casualties of a slump in the luxury retail platform’s share price. He faces a large tax bill, while his options are out of the money.
- Carrie LaFrenz and Jonathan Shapiro
Brokers turn on Cettire after profit downgrade
The company’s shares fell again on Tuesday as analysts doubted whether a soft luxury market was the only cause of its dramatic downgrade.
- Jonathan Shapiro and Carrie LaFrenz
- Analysis
- Fashion retail
Cettire downgrade cracks market’s brittle trust
New battlegrounds have been drawn after a shock profit downgrade halved Cettire’s sharemarket value.
- Jonathan Shapiro and Carrie LaFrenz
- Opinion
- Chanticleer
Cettire’s 50pc crash a story of life in the fast lane
Cettire founder Dean Mintz will push on; that’s what founders do. While he looks at China, the capital markets game rages.
- Anthony Macdonald
Cettire plunges 50pc on profit downgrade as luxury pinch strikes
Cettire blamed a challenging environment in online luxury fashion for a big earnings miss that sent its share price tumbling.
- Updated
- Jonathan Shapiro and Carrie LaFrenz
Kean gets top climate job; Cettire dives 44pc; Myer’s huge expansion
Read everything that’s happened in the news so far today.
Cettire quietly enters China’s rocky luxury goods market
The ASX-listed retail platform had flagged the move this year. But it comes as rivals including Yoox Net-a-Porter focus on “more profitable geographies”.
- Carrie LaFrenz
Bill targeting Chinese imports could smash Cettire’s US sales
Barrenjoey analysts have told clients the so-called Americas Act could force up prices on the luxury marketplace, making customer retention much more difficult.
- Carrie LaFrenz
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
May
Cettire founder Dean Mintz backs his ‘best in class’ returns process
The luxury marketplace’s chief executive told a stockbrokers’ conference the company, which has divided investors, was spending more on customer service.
- Jonathan Shapiro and Carrie LaFrenz
Loss-making companies are surging on the ASX, baffling analysts
Goldman Sachs is perplexed about the surge in unprofitable stocks, and says there are safer alternatives like retailers Lovisa and Cettire.
- Alex Gluyas
Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
- Carrie LaFrenz
April
One of Cettire’s most prominent backers has sold out entirely
LHC Capital was talking up the ASX-listed luxury retail platform’s prospects a few months ago. Now it has told investors it has sold out.
- Joshua Peach
Brokers split on Cettire despite surge in sales this year
Two of the four investment bank analysts following the luxury clothing marketplace have lowered their share price forecasts this year after an update last week.
- Jonathan Shapiro and Carrie LaFrenz
Surge in Cettire sales fails to win over investors
The embattled online luxury retailer surprised the market with the early release of quarterly sales numbers, but they failed to stir the share price.
- Jonathan Shapiro
Cettire admits to tax queries from Texas authorities
But it says that the issue has been resolved. The luxury fashion marketplace has since March been under intense investor scrutiny over its business model.
- Jonathan Shapiro and Carrie LaFrenz
Cettire shares slide 16pc on Bell Potter downgrade
The company’s house broker said the luxury marketplace would continue to outperform peers, but it would be harder for it to generate high growth.
- Updated
- Carrie LaFrenz and Jonathan Shapiro
March
Why investors either love or hate online luxury retailer Cettire
This week on The Fin podcast, Jonathan Shapiro and Carrie LaFrenz take us inside their shopping experiment and talk about why Cettire is so polarising.