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
$20.44 |
Change
0.050(0.25%) |
Mkt cap ! $4.516B | |||
| Open | High | Low | Value | Volume |
| $20.44 | $20.70 | $20.21 | $10.14M | 495.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9241 | $20.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.47 | 251 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$20.47 |
Change
0.050 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $20.48 | $20.70 | $20.21 | 44998 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| FLT (ASX) Chart |