The share dilution was not optional really as they required operating capital. Is hard to put a current valuation on the company with limited current revenue. Any current valuation is simply based on previous company performance and company management. Simply on this criteria the valuation is quite positive. $50 high market drop 50 percent $25 dilution 50 percent $12.50 travel industry one of hardest hit 50 percent reduction $6.50
in my opinion anything around $6.50 is awfully cheap and even around current price of $9.00 is good buying long term.
I'm just waiting because there will only be downward pressure on the ASX short term and there is around a $Billion in newly issued stock that will be looking for a new home so possible the share price may fall further than the current $9.00
FLT Price at posting:
$9.20 Sentiment: None Disclosure: Not Held
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