Just longed a stack - gulp. I think it could have a good run now. I think the market will start to look through the current period. Fro aroudn $31 ATM, you get about $7 net cash, and earnings of $2.43. Net out the net cash and the PE* is 10x. Hilariously cheap !!!
And even better - 10% are short this stock, and the ROE only fell as low as 16% in the GFC, and is typically above 20%, even with all that cash. It is yet to be seen if the bricks and mortar begins to weigh on FLT, but the "travel expo" approach may work well too.
I suspect we will see the market take a more even approach to this stock now that there are signs of life - otherwise I will disappear in a puff of smoke. lol
$28?, page-30
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Last
$20.81 |
Change
-0.240(1.14%) |
Mkt cap ! $4.616B | |||
| Open | High | Low | Value | Volume |
| $21.06 | $21.12 | $20.66 | $19.92M | 954.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2373 | $20.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.84 | 5219 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FLT (ASX) Chart |