FN Arena financial analysis suggest
Flight Centre To Emerge Bigger And Leaner
" Flight Centre has a diversified debtor book and no material exposure to one particular customer, industry or geography. UBS estimates the company now has $756m in liquidity.Management expects eventually to divert lost store transactions to online, call centres and home-based agents. Flight Centre is also considering the possible sale of its Melbourne head office. Morgan Stanley anticipates the company should now have an 18-month liquidity buffer, assuming no revenue, and emphasises there is no government support included in this estimate.
Citi agrees cash burn could be less than the $65m per month run rate amid government benefits and rent relief, and suggests cash flow should return to breaking even by December 2020 as domestic travel returns."
So, the value of FTL by Morgan Stanley at $16 and Citi target at $12.5 is based on the assumption of 18-month assuming no revenue. We should see it back to around $15 in a week.
FLT - Hold or Sell, page-31
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Last
$21.95 |
Change
0.340(1.57%) |
Mkt cap ! $4.851B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $22.05 | $21.63 | $31.78M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $21.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 8747 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |