WAM loads up on Cettire, likening the 'noise' to Afterpay

"When the [Financial Review] article came out, we knew the stock was going to fall a lot ... so we took the liberty to buy more stock, and we've been buying more stock every day since." Indeed, the fund manager said it remained "very confident" about Cettire, particularly given its largest US-listed competitor, FarFetch, was on the brink of bankruptcy in December before it was rescued by South Korean e-commerce giant Coupang. That made Cettire's first-half results even more impressive, Mr Oberg added, given FarFetch was heavily discounting products towards the end of last year to stay alive. "Cettire could…