MENU

The Corporate Travel Management Ltd (ASX:CTD) share price is still struggling

The Corporate Travel Management Ltd (ASX: CTD) share price is on watch today after booking a 26.5% decline last week to earn the title of the worst performing S&P/ASX 200 share.

Investors staged an exodus after hedge fund VGI Partners produced a scathing short sellers report, identifying significant concerns it had about the company’s operations.

Corporate Travel’s response was swift and comprehensive, but CTD shares have kicked off the trading week in the red today regardless – down 3.8% to $19.54 at the time of writing.

Other poor performers from last week to keep an eye out for today include Seven West Media Ltd (ASX: SWM) and its sector cousin Nine Entertainment Co Holdings Ltd (ASX: NEC).

Seven West shares are up 1.5% to 77c per share at the time of writing with Nine shares still on the slide by 2.2% to $1.65.

While travel and media are core industries, if you're looking for something a bit out of the box, this Japanese Billionaire’s Prediction Might Be Of Interest

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now