That was mostly in reference to the US. Yes Asia opening is the biggest tailwind for the second half. I went back and looked through a presentation made in may last year. In that Jamie said US approaching 80% pre covid volumes. That just validates my concerns regarding lack of wins/ organic growth. There has been no real growth in the US business since then even though I'm sure overall travel increased during that time. Thinking about these things reminds me why I sold early last year so I have again exited. No way bagging the company, it could get to $20 in a short time frame and I think it's still a compelling buy at these prices. I just don't like holding companies where concerns can regarding the company can keep me up at night. In a nutshell, my concern is the company may not hit its FY23 PBT targets which would mean it's FY24 'full recovery' target will get kicked down the road. I would have more peace of mind where I could have total confidence in guidance provided by the CEO.
CTD Price at posting:
$16.77 Sentiment: None Disclosure: Not Held
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