Correct, but from market cap point of view only.
The difference is FLT is now a much leaner (significantly less shop fronts, staff and expenses) than the pre-Covid level. Thus, if revenue is (eventually) anywhere close to pre-Covid level, you could only imagine the profit.
In my opinion, with the help of vaccines and a bulging worldwide pent-up demand, it's not going to be long before it becomes reality.
I think the market and institutional shareholders understand this.
flight centre $15 party, page-699
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Last
$20.65 |
Change
0.210(1.03%) |
Mkt cap ! $4.563B | |||
| Open | High | Low | Value | Volume |
| $20.40 | $20.68 | $20.38 | $13.83M | 671.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13445 | $20.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.65 | 3613 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$20.64 |
Change
0.210 ( 0.86 %) |
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| Open | High | Low | Volume | ||
| $20.44 | $20.68 | $20.39 | 232224 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FLT (ASX) Chart |