TTV is Total Transaction Value - the amount of travel sold.
Being a bricks and morter business FCL has managed the hit quite well under Scroo Turner.
As long as the world continues to open up the demand in travel will be nothing like we have seen before. Using an agent will become more desirable as a lot of people lost a lot of money / credits booking online and direct.
My wife is a travel agent and is run off her feet with recent enquiry, in her business TTV has tripled in the last month alone. The future is very bright for travel provided no major new outbreaks and omicron is dealt with. The fact is people want to travel, having our hands tied for so long has increased this urge.
The sell off today is no surprise, Im looking for a pullback to the first resistance, at this point I will be looking for a re entry with a long term hold view.
In the short term, definitely bearish but there will be some good buying opportunities on the horizon.
As always, this is not financial advice DYOR - GLAH/Traders I will be watching this one closely....
Ann: FLT FY22 Half Year Results Presentation, page-10
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Last
$20.97 |
Change
0.500(2.44%) |
Mkt cap ! $4.635B | |||
| Open | High | Low | Value | Volume |
| $20.42 | $20.97 | $20.30 | $37.82M | 1.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10715 | $20.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.98 | 373 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FLT (ASX) Chart |