Your last negative point is very relevant to future SP movement. Since suspension in the middle of last month at $9.91 the market lost much more value, and FLT would have traded much lower, down to sub $8 in my view.
Yeah, the raising will be initially supported at $7.20 but expect further weakness in coming months.
I will look to buy in, subject to seeing some clarity in travel restarting, at prices well south of $7.00.
Equity raise process, page-10
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Last
$20.66 |
Change
0.130(0.63%) |
Mkt cap ! $4.583B | |||
| Open | High | Low | Value | Volume |
| $20.62 | $20.91 | $20.55 | $26.56M | 1.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $20.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.66 | 3703 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FLT (ASX) Chart |