0022 GMT - There's plenty in Cettire's annual result to arouse RBC Capital Markets' curiosity. Analyst Wei-Weng Chen says the departure of Daniel Agostinelli from Cettire's board after just four months appears unusual. "As does the decision to give material cash pay rises to the CEO and CFO in a time of stress," RBC says. For RBC, Cettire's balance sheet is the key issue. Despite only a modest Ebitda loss in June, cash fell an additional A$8 million that month. "Adding to our balance sheet concerns is a reclassification of A$22 million of VAT receivables to non-current with Cettire noting that while the receivables are recoverable, timing is uncertain," RBC says. It has an underperform call on Cettire, which is up 17% at A$0.35 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 28, 2025 20:22 ET (00:22 GMT)
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