FLT did capital raising during the pandemic and issued new shares that almost 100% of its original amount.
The target price should be 50% of it pre-COVID level and minus damaged done (shop closes, job loss, etc all reduce ability of profit making).
If $35 is the pre-COVID target, than $17.50 is the post-COVID target, which is pretty much there already.
I bought in at $10 and plan to hold long term. But if it ever raise close to the pre-COVID high in next few months, I will sell some.
Weekly Chart Stan Weinstein Stage 1 breaking into Stage 2, page-3
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 (20min delay)
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Last
$19.57 |
Change
0.300(1.56%) |
Mkt cap ! $4.325B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.60 | $19.10 | $13.65M | 701.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2461 | $19.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.57 | 5399 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$19.60 |
Change
0.300 ( 1.74 %) |
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| Open | High | Low | Volume | ||
| $19.28 | $19.60 | $19.10 | 158363 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FLT (ASX) Chart |