this be my analysis:
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!
Should be interesting.
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Last
$20.81 |
Change
-0.240(1.14%) |
Mkt cap ! $4.616B |
Open | High | Low | Value | Volume |
$21.06 | $21.12 | $20.66 | $19.92M | 954.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2373 | $20.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.84 | 5219 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3825 | 20.700 |
1 | 5219 | 20.670 |
1 | 5219 | 20.650 |
2 | 16564 | 20.630 |
1 | 2445 | 20.610 |
Price($) | Vol. | No. |
---|---|---|
20.840 | 5219 | 2 |
20.850 | 1076 | 2 |
20.860 | 5219 | 1 |
20.880 | 5219 | 1 |
20.900 | 5219 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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