Corporate Travel Management Ltd (ASX: CTD) shares only returned to the ASX last Thursday, and the week couldn’t have gone much worse.

After more than a year suspended from trading, the stock crashed 86% on its first day back to close at $2.32. The selling continued on Friday, with Corporate Travel shares dropping another 3% to finish the week at $2.25.

The shares are rebounding slightly today, up 4% to $2.35 at the time of writing. Even with that recovery, they remain around 85% below the $16.07 level they were trading at before the suspension.

And investors now have another problem to think about.

Another legal headache

According to The Australian, law firm Phi Finney McDonald is investigating a potential class action against Corporate Travel Management and its former auditor, PwC Australia.

The law firm said it was “well advanced in its investigation” into what it described as financial misreporting over several years.

Any class action would allege that Corporate Travel misled investors through its annual financial reports over a multi-year period up to 2024, in breach of the Corporations Act.

It would also allege PwC engaged in misleading or deceptive conduct and made false statements about its auditing of the company’s financial reports.

Phi Finney McDonald principal lawyer Roop Sandhu told The Australian that investors were “rightfully concerned about what has happened to their investments”.

At this stage, no class action has been filed, but it is another issue shareholders could probably have done without.

Some signs of progress

Corporate Travel shares were suspended in August 2025 after accounting problems emerged around customer charge rates in its UK operations.

Since then, the company has been working through a large customer remediation program. Around 78% of refunds have been agreed or are close to finalisation, leaving roughly $55 million still to be dealt with.

The FY26 result did at least show the underlying business is moving in the right direction.

Revenue and other income rose 4% to $669.9 million, while underlying EBITDA increased 36% to $113.6 million. Corporate Travel also returned to profit, reporting net profit after tax (NPAT) of $17.7 million compared with a $348.5 million loss a year earlier.

Transaction volumes climbed 13% to 18.3 million, while the company secured $669 million of new business and $1.5 billion of re-tenders and renewals during the year.

Would I buy Corporate Travel shares?

I can see why some investors might look at the $2.35 share price and wonder whether most of the bad news is already priced in.

The business is still operating, earnings improved in FY26, and the shares have already taken a huge hit.

But I’d still be staying on the sidelines.

There’s a sizeable remediation bill to work through, the accounts carry a modified audit opinion, and there is now another potential legal issue hanging over the company.

After everything that has happened over the past year, I’d want to see a few of these issues resolved before considering the shares.

The post Where does it end? Corporate Travel hit with another blow after crashing 85% appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares that cut their dividend this reporting season
• Corporate Travel Management shares crashed 80% on their first day back. What happened?
• Why I’m still smiling after losing 85%
• Warning: Corporate Travel shares have crashed 80%. What on earth just happened?
• Corporate Travel Management shares resume trading after FY26 report

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If I had $10,000 available for ASX growth shares today, I would be comfortable splitting it between the two businesses in this article whose share prices have fallen sharply.

Both still have plenty to prove, but I think the long-term opportunities remain substantial.

Here is where I would put the money.

Catapult Sports Ltd (ASX: CAT)

I would invest $5,000 into Catapult Sports.

Its shares may be down heavily from their highs, but I think the underlying opportunity in professional sport remains intact.

Professional sport is global, highly competitive, and increasingly willing to spend on anything that can improve preparation or decision-making.

Catapult develops technology used by elite sporting organisations to understand what is happening on the field, in training, and across an athlete’s wider performance.

What interests me is how deeply this technology can become embedded in a team’s decision-making. A club can use Catapult to measure physical workloads, review video, assess tactical patterns, and manage preparation. Over time, more of those functions can sit within the same technology ecosystem.

That gives Catapult room to grow by winning new customers and becoming more valuable to existing ones over the next decade and beyond.

SiteMinder Ltd (ASX: SDR)

My other $5,000 would go into SiteMinder, whose shares have also fallen heavily from their 52-week high.

This ASX growth share builds technology that sits behind hotel bookings.

Hotels need to make rooms available across multiple channels, manage pricing, encourage direct bookings, and keep inventory updated as reservations arrive. SiteMinder brings much of that together.

I think the long-term opportunity comes from the sheer number of accommodation providers that still have room to modernise how they sell rooms.

Running a hotel is already complicated enough without staff manually adjusting availability and pricing across numerous booking platforms. Better software can remove some of that work while helping operators reach more travellers.

SiteMinder is also developing more automated tools, including artificial intelligence capabilities that could help hotels respond to demand and manage distribution with less manual input.

If more accommodation providers decide their technology needs an upgrade, I think SiteMinder can become an increasingly important part of how hotels operate online.

Foolish takeaway

I would be comfortable putting $5,000 behind each of these ASX growth shares.

The recent falls do not remove the risks, and both companies still need to execute well. But I think Catapult Sports and SiteMinder are addressing markets that should keep becoming more technology-driven. 

At today’s lower share prices, I would be willing to back that opportunity with a long-term view.

The post Why I’d invest $10,000 into these ASX growth shares appeared first on The Motley Fool Australia.

More reading

• Where I’d invest $15,000 in ASX shares now
• 2 ASX shares tipped to grow 60% or more in the next 12 months
• Why I think this is a top ASX tech share to buy today
• SiteMinder: FY26 profit nearly doubles, revenue jumps 22%
• 3 ASX shares I’d buy for their global growth potential

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports and SiteMinder. The Motley Fool Australia has positions in and has recommended Catapult Sports and SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are up 0.4% to 9,039 points on Monday.

Among the 11 market sectors, energy is in the lead today, up 1.1%, while technology is the laggard, down 1.6%.

The financial sector led the market last week amid a bank share rally due to better-than-expected GDP data.

Let’s check out some new ratings on ASX shares today.

Megaport Ltd (ASX: MP1) 

The Megaport share price is $16.73, down 1.6% today and up 23% over 12 months. 

Ord Minnett has an accummulate rating on this ASX 200 tech share.

In a new note, the broker commented:  

Megaport’s (MP1) FY26 earnings and FY27 guidance exceeded consensus estimates. The company also announced three contract wins, together valued at $506 million. ‍

We believe the soft reaction to the results may have been because … ‍Some parts of the investment community had been expecting contract wins already, or more of a guidance uplift in guidance from GPU Pool monetisation.

We see guidance as prudent, and the EBITDA target is achievable purely on a conservative ramp-up of contracts without GPU Pool monetisation. 

Our target price is revised to $22. We have an Accumulate recommendation. Catalysts for the shares include upgrades to FY27 guidance and more contract wins.

Xero Ltd (ASX: XRO)

The Xero share price is $77.91, down 1.8% today and down 52% over 12 months. 

Blake Halligan from Gray Perry Wealth Advisers has a hold rating on this ASX 200 tech stock.

He said (courtesy The Bull):  

Xero remains a leading cloud accounting platform, with a dominant position in Australia and New Zealand.

Fiscal year 2026 operating revenue increased 31 per cent, supported by 506,000 net customer additions and the Melio Payments acquisition. Melio should aid in revenue growth, but costs associated with its integration contributed to a 27 per cent fall in net profit after tax and a gross margin decline from 89 per cent to 83.9 per cent.

The profitable ANZ and UK businesses offer growth potential and could assist in a continuing share price recovery.

AMP Ltd (ASX: AMP)

The AMP share price is $2.47, down 0.4% today and up 45% over 12 months. 

Halligan has a sell rating on this ASX 200 financial share.

He explained:

This wealth management company’s turnaround has gained momentum, with underlying net profit after tax (NPAT) increasing 33 per cent in the first half of 2026.

The simplified business, growing North platform and further capital returns are positives. However, much of this improvement appears reflected in the share price. AMP Bank also faces intense mortgage competition, higher funding costs and investment requirements.

The shares have risen from $1.16 on March 12 to trade at $2.475 on September 3.

The recent share price strength provides an opportunity to reallocate capital elsewhere, as restructuring and execution risks still remain.

The post Buy, hold, sell: Megaport, Xero, AMP shares appeared first on The Motley Fool Australia.

More reading

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• A 50% upside? This ASX 200 tech stock is back on my buy list
• This ASX 200 tech giant is down 30% in 2026. Can it make a comeback?

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.