FLT did capital raising during the pandemic and issued new shares that almost 100% of its original amount.
The target price should be 50% of it pre-COVID level and minus damaged done (shop closes, job loss, etc all reduce ability of profit making).
If $35 is the pre-COVID target, than $17.50 is the post-COVID target, which is pretty much there already.
I bought in at $10 and plan to hold long term. But if it ever raise close to the pre-COVID high in next few months, I will sell some.
Weekly Chart Stan Weinstein Stage 1 breaking into Stage 2, page-3
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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 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |