It's just hype and momentum; FLT market cap now exceeds pre-covid levels!!
Let that sink in.
Please enlighten us with the current TTV and EBITDA in comparison to pre-covid levels?!
IMO this momentum is just being fed by retail (and propped by the BEOT who fed the CR) who don't understand the dilution effect on the chart, thinking there's "heaps to go" before it's "back to 2019 levels"...!? This was evident in spades amongst this forum last year, with many people talking about "going back to $40", illustrating a failure to understand the fundamentals of CRs and SP vs. market cap.... Wow.
How on earth can the pre-covid market cap be even close to justified in the current climate? Got some numbers?
Good luck!
SMH
Up cycle now, page-262
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Last
$21.50 |
Change
0.500(2.38%) |
Mkt cap ! $4.751B | |||
| Open | High | Low | Value | Volume |
| $20.98 | $21.58 | $20.89 | $24.77M | 1.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27142 | $21.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.51 | 5517 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |