for those thinking about making the arbitrage between current SP and the SPP at $14.60: Although the potential max buy-in is $30k, this will highly likely be unsucessful as the SPP will be potentially be over-subscribed and be scaled back!! Someone educate if I'm missing something:
There is approx 110,000 shareholders based on most latest annual report.
SPP intends to raise up to $40M.
If the SPP has a minimum buy-in of $2000 - and everyone goes in - that'd be $220M already. Even if 1 in 4 participate, that's still $55M. And FLT plans to raise up to $40m only..!
No point trying to sell your holdings and try to raise $30K to go in on SPP. I will HODL and participate for atleast the minimums when more details are given!
2023 should defs pick up the pace even if FLT is lagging a bit behind compared to other travel companies. China big tourism groups are finally slowly starting to open - 20 countries from this month, and more to follow suit hopefully!
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Last
$21.52 |
Change
0.550(2.62%) |
Mkt cap ! $4.757B |
Open | High | Low | Value | Volume |
$20.88 | $21.52 | $20.88 | $25.18M | 1.179M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1034 | $21.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.52 | 5752 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1034 | 21.370 |
1 | 350 | 21.350 |
1 | 5754 | 21.330 |
1 | 9861 | 21.320 |
3 | 12900 | 21.300 |
Price($) | Vol. | No. |
---|---|---|
21.520 | 5752 | 2 |
21.540 | 3000 | 1 |
21.550 | 8789 | 3 |
21.560 | 500 | 1 |
21.570 | 5754 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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