Latest news with #CorporateTravelManagement
Scottish Sun
3 days ago
- Business
- Scottish Sun
Eye-watering sum Scottish Government spent on empty rooms for refugees revealed
More than 28,000 people with a Scottish sponsor have arrived in the UK so far EMPTY ROOM BILL Eye-watering sum Scottish Government spent on empty rooms for refugees revealed THE Scottish Government has spent up to £75million on empty hotel rooms for Ukrainian refugees, we can reveal. Figures show £294million of taxpayers' cash has been used to reserve shelter for those fleeing Russia's invasion since 2022. Advertisement 1 Scottish Tory shadow housing minister Meghan Gallacher called the bill 'eye-watering' Credit: Alamy But between 10 and 25 per cent of rooms were unoccupied at any given time, suggesting £30million to £75million has been wasted. Scottish Tory shadow housing minister Meghan Gallacher called the bill 'eye-watering'. She added: 'Like thousands of Scots, vulnerable Ukrainians are being forced to live in temporary accommodation because of SNP ministers' failure to build enough homes. 'That's unfair on them and unfair on taxpayers.' Advertisement The Russian invasion of Ukraine in February 2022 has sparked a major humanitarian crisis. And more than 28,000 people with a Scottish sponsor have arrived in the UK so far. The administration refused to name the hotel companies over 'potential risks' if the information became 'public knowledge'. But the 'vast majority of this money' was paid to a firm called Corporate Travel Management which organises accommodation and contracts. Advertisement A whopping £144million was paid out 2022-23, more than £108million in 2023-24, and almost £40million in 2024-25. Equalities Minister Kaukab Stewart said: 'Providing support and sanctuary to people fleeing Russia's illegal war against Ukraine continues to be a priority.' The Sun tracks down Ukrainian mother and child pictured fleeing Putin's war on our front page A Government spokesman said: 'Welcome accommodation occupancy rates were inevitably subject to daily fluctuations as some individuals left while others entered accommodation.'
Yahoo
11-06-2025
- Business
- Yahoo
Has Corporate Travel Management Limited's (ASX:CTD) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Most readers would already be aware that Corporate Travel Management's (ASX:CTD) stock increased significantly by 19% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to Corporate Travel Management's ROE today. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Corporate Travel Management is: 5.3% = AU$65m ÷ AU$1.2b (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.05. Check out our latest analysis for Corporate Travel Management Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. When you first look at it, Corporate Travel Management's ROE doesn't look that attractive. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 8.0% either. However, we we're pleasantly surprised to see that Corporate Travel Management grew its net income at a significant rate of 41% in the last five years. So, there might be other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place. We then performed a comparison between Corporate Travel Management's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 41% in the same 5-year period. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for CTD? You can find out in our latest intrinsic value infographic research report. Corporate Travel Management's significant three-year median payout ratio of 52% (where it is retaining only 48% of its income) suggests that the company has been able to achieve a high growth in earnings despite returning most of its income to shareholders. Besides, Corporate Travel Management has been paying dividends for at least ten years or more. This shows that the company is committed to sharing profits with its shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 43%. However, Corporate Travel Management's ROE is predicted to rise to 10% despite there being no anticipated change in its payout ratio. On the whole, we do feel that Corporate Travel Management has some positive attributes. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
13-05-2025
- Business
- News.com.au
ASX rallies to 11-week high on a temporary tariff pause
A trade deal between the US and China led to a rally on the ASX, with energy and information technology stocks leading the way. The benchmark ASX 200 index gained 35.50 points or 0.43 per cent to 8,269, with six of the 11 sectors finishing in the green. The broader All Ordinaries also jumped 43.70 points or 0.52 per cent to 8,510.70. The Australian dollar jumped 0.71 per cent and is now buying 64.16 US cents. Australia's sharemarket jumped after US President Donald Trump announced the White House was cutting tariffs to 30 per cent and China's tariffs will be reduced to 10 per cent for the next 90 days. Businesses directly linked to the US or China were among the major winners during Tuesday's trading. Payment providers Block shares soared 5.86 per cent to 84.90 while Zip also jumped 8.77 per cent to $198, on the back of the trade pause which is predicted to boost US consumer activity. Corporate Travel Management, which previously flagged pressures on its US business also soared 9.94 per cent to $13.27 as did fellow travel business Flight Centre also finished higher up 5.21 per cent to $13.74. Kitchen appliance maker Breville Group initially soared following the trade announcement before settling up 7.76 per cent to $32.77 on trade boost. The major miners also jumped, with BHP finishing up 2.11 per cent to $39.21, climbing 2.13 per cent to $119.85 and Fortescue Metals leading the way up 2.66 per cent to $16.60. Capital. Com senior financial market analyst Kyle Rodda said the Australian market followed a strong bounce in US markets. 'There was some strength in energy and tech stocks matching the rally we saw on Nasdaq overnight and overall a much more buoyant market sentiment,' he said. 'There was some confidence in the outlook that although there might be a hit to global growth, perhaps it will be little more than a short, shallow downturn and investors can look beyond that and go back into equities.' Mr Rodda said the market was jumping on cyclicals which could be the winners from the trade announcements. 'Energy is a really clear example just because of how much oil prices moved and how much downside there was for oil if tariffs remained in place and global trade slowed considerably,' he said. The 'risk on' market rally had an impact on some of the more defensive parts of the market with consumer staples, telcos and utilities underperforming. The two major supermarket chains were among the most heavily sold off with Woolworths shedding 3.7 per cent to $31.56 and Coles slumping 3.4 per cent to $21.52. It was also a mixed day for Australia's big four banks, with the index overall underperforming, although still closed in the green, rising 0.1 per cent. On a positive note, Westpac gained 1.8 per cent to $31.64 and ANZ added 0.5 per cent to $28.51 while CBA dipped 0.6 per cent to $166.14 and NAB fell 0.2 per cent to $35.61. Pharmaceutical stocks also rebounded from a steep sell-off in recent weeks, on the back of Mr Trump signing an executive order to slash the price of prescription drugs in the US. This is thought to have an impact on prices other countries will pay for their medicines including Australia. Clarity Pharmaceuticals soared 15.3 per cent to $2.57, while Telix Pharmaceuticals were up 3.64 per cent to $25.36.
Yahoo
08-05-2025
- Business
- Yahoo
Corporate Travel Management Limited's (ASX:CTD) latest 11% decline adds to one-year losses, institutional investors may consider drastic measures
Key Insights Institutions' substantial holdings in Corporate Travel Management implies that they have significant influence over the company's share price The top 7 shareholders own 53% of the company Insider ownership in Corporate Travel Management is 13% We've discovered 1 warning sign about Corporate Travel Management. View them for free. If you want to know who really controls Corporate Travel Management Limited (ASX:CTD), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 51% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). As a result, institutional investors endured the highest losses last week after market cap fell by AU$204m. This set of investors may especially be concerned about the current loss, which adds to a one-year loss of 27% for shareholders. Institutions or "liquidity providers" control large sums of money and therefore, these types of investors usually have a lot of influence over stock price movements. As a result, if the decline continues, institutional investors may be pressured to sell Corporate Travel Management which might hurt individual investors. Let's delve deeper into each type of owner of Corporate Travel Management, beginning with the chart below. View our latest analysis for Corporate Travel Management ASX:CTD Ownership Breakdown May 8th 2025 What Does The Institutional Ownership Tell Us About Corporate Travel Management? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in Corporate Travel Management. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Corporate Travel Management, (below). Of course, keep in mind that there are other factors to consider, too. ASX:CTD Earnings and Revenue Growth May 8th 2025 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Corporate Travel Management. Bennelong Funds Management Group Pty Ltd is currently the largest shareholder, with 12% of shares outstanding. For context, the second largest shareholder holds about 12% of the shares outstanding, followed by an ownership of 7.7% by the third-largest shareholder. Jamie Pherous, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.
Sydney Morning Herald
02-05-2025
- Business
- Sydney Morning Herald
‘We need a clear victory': Why the ASX doesn't want a minority government
The laggards Afterpay owner Block (previously known as Square) shares lost 26.7 per cent] of its value after the digital payments juggernaut – also listed on the New York Stock Exchange – revealed first-quarter results that undershot expectations and lowered its profit outlook. Corporate Travel Management has shed 10 per cent and Zip Co has tumbled 4.9 per cent. 'We revise down our estimates to incorporate tariff uncertainty,' said Citi Research analyst Samuel Seow of Corporate Travel Management in a note, although it retained its buy rating. The lowdown How much is Australia's sharemarket affected by domestic politics? AMP chief economist Shane Oliver and Ten Cap co-founder and lead portfolio manager Jun Bei Liu both said that there was not enough difference between Labor and Coalition governments to significantly shake the market on either outcome. 'If we have a minority government, then it becomes difficult. Nothing gets done. This probably would be the worst-case scenario,' said Liu. 'No policy gets done, then businesses don't want to spend, then obviously you have the confidence hit.' Investors see the differences between the two main parties as 'quite minor', with Trump's tariffs to remain the dominant factor moving markets, said Oliver. 'If the Coalition were to win, you might see a slight positive reaction, because the Coalition [is seen as] more business-friendly than the Labor Party. But I think it would be trivial in the grand scheme of things.' The 'less sensible, less rational' policies of the Whitlam government depressed the market in the 1970s, but by contrast, the Hawke-Keating government's deregulation initiatives oversaw the 'strongest period for shares historically', Oliver said. Conversely, investors might be spooked by a minority Labor government that would cut a deal with the Greens, which would be seen as 'dragging the Labor Party to the left' and as less business-friendly, he added. 'The market will be particularly affected by [that].' On the economic front, retail sales rose just 0.3 per cent over March, indicating that the consumer spending recovery has been weak, and undershooting most economist expectations, indicated AMP economist My Bui. 'The stagnation in March retail volumes suggests that the recovery will be gradual and limited, with most households still experiencing the impacts of the faster cumulative rise in price levels over the past few years (compared to wages),' she said in a note. 'There are now even more arguments for the RBA to resume its cutting cycle in May.' S&P Global Ratings has lowered its GDP growth forecasts for 'most' countries and raised its US inflation forecast. It is now predicting 1.7 per cent growth to Australian GDP for 2025. Loading 'A seismic and uncertain shift in US trade policy has roiled markets and raised the spectre of a global economic slowdown,' the S&P global economists stated in a research note. 'We see a material slowdown in growth, but do not foresee a US recession at this juncture.' Overnight, Microsoft and Meta Platforms led Wall Street higher while Amazon and Apple released their results after the closing bell. The S&P 500 rose 0.6 per cent for an eighth-straight gain, its longest winning streak since August. The Dow Jones added 83 points, or 0.2 per cent, and the Nasdaq composite climbed 1.5 per cent. Apple's uncertain outlook sent shares sliding 3.8 per cent in after-hours trading. Amazon shares are 3.2 per cent lower in after-hours trading. Loading Microsoft rallied 7.6 per cent. Meta, the parent company of Facebook and Instagram, also topped analysts' targets for revenue and profit in the latest quarter. It said AI tools helped boost its advertising revenue, and its stock climbed 4.2 per cent. They're two of the most influential stocks within the S&P 500 and other indexes because of their massive sizes, and they weren't alone. The S&P 500 is back to within 9 per cent of its record set earlier this year, after briefly dropping nearly 20 per cent below the mark. Still, plenty of uncertainty remains about whether President Donald Trump's trade war will force the economy into a recession. The uncertainty has already shown up in surveys of consumers, which say pessimism is shooting higher about where the economy heading. On Thursday, a couple of reports about the economy came in mixed, following up on several recent updates that suggested it's weakening. The fear on Wall Street is for a possible worst-case scenario called 'stagflation,' where the economy stagnates yet inflation remains high. The Federal Reserve has no good tools to fix both such problems at the same time. If the Fed were to try to help one problem by adjusting interest rates, it would likely make the other worse. Tweet of the day Quote of the day 'It's a heist.' That's an executive associated with furious investors who raged against a $14 billion deal between Australian building products giant James Hardie and US group Azek. The company's stock plunged within hours, but it would take weeks for the group to shred more than $6 billion of shareholder wealth as its investors woke up to the full horror of a deal that would transform James Hardie in ways they had not imagined. You may have missed By now, it's no secret that young people are the biggest voting group. While no demographic fits neatly into either the Labor or Coalition camp – or completely agrees on any given issue – it will be a relief for many young Australians to know they are more than an afterthought this election. Neither party has been exceedingly visionary, but as Prime Minister Anthony Albanese and Opposition Leader Peter Dutton jet around the country in a final scramble to cement their messages in the dying days of the election campaign, one leader will be tossing and turning far less when they hit the hay every evening.
