FLT flight centre travel group limited

Best Corona Recovery play on the ASX

  1. 196 Posts.
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    Vaccines are being administered at record rates worldwide , for eg Texas has already hit more than a million in such a short time in the US and the other states are all moving along rapidly. Soon enough we’ll start seeing Covid case numbers fade and this will in turn propel our local Corona recovery plays. By then shares like Flight Centre and Webjet will be easily 20-30% higher than the current prices if not more, so you can wait until then and pay the premium or jump in now for maximum gains when it doubles to 30 and above. In terms of market cap history and charts , it’s irrelevant when the company is holding onto nearly 2 Billion (1.78 Billion ) in cash when under usual trading conditions they only hold about 100 plus million. Local travel conditions have already started improving which will start bringing revenue back and subdue the cash burn as cost will be kept at a bare minimum so they should be able to hold onto a substantial amount of that cash. Once this is over , they will have much more market share from all the smaller firms / businesses going under and all that mouth watering pent up demand plus whatever cash that is left over will be used to buyout businesses to increase revenue / market share, all of those things will shoot the share price up exponentially
 
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(20min delay)
Last
$12.93
Change
-0.200(1.52%)
Mkt cap ! $2.815B
Open High Low Value Volume
$13.13 $13.17 $12.81 $15.45M 1.194M

Buyers (Bids)

No. Vol. Price($)
1 1200 $12.90
 

Sellers (Offers)

Price($) Vol. No.
$12.94 140 1
View Market Depth
Last trade - 16.10pm 26/08/2025 (20 minute delay) ?
FLT (ASX) Chart
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