With Tech sector booming again and travel industry still long way away from profitability, I recon the funds are moving back from travel to Tech sector.
Covid hit travel industry in Mar-20. During the 2019 FY, FLT was valued at $4.2b-$4.4b. Currently it is at $4.5b and FLT does not expect to be at pre covid levels until Jun2024. That is still 2 years and 8 months away, and at current valuation that growth is already priced in. I dont think they will be paying any divis at least until 2023, so is it really worth holding at current SP? NO. But will it slide to $14 again, we dont know but if it does, that is a hell of an entry point
Happy to be corrected if I have gotten any numbers wrong.
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$21.49 |
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0.160(0.75%) |
Mkt cap ! $4.732B |
Open | High | Low | Value | Volume |
$21.60 | $21.65 | $21.44 | $2.233M | 103.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 686 | $21.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.50 | 312 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 439 | 21.500 |
3 | 581 | 21.490 |
4 | 608 | 21.480 |
5 | 821 | 21.470 |
5 | 792 | 21.460 |
Price($) | Vol. | No. |
---|---|---|
21.520 | 415 | 4 |
21.530 | 779 | 5 |
21.540 | 916 | 6 |
21.550 | 798 | 6 |
21.560 | 866 | 7 |
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