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.
With Tech sector booming again and travel industry still long...
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Last
$20.24 |
Change
-0.110(0.54%) |
Mkt cap ! $4.474B | |||
| Open | High | Low | Value | Volume |
| $20.50 | $20.50 | $20.10 | $39.19M | 1.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | $20.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.29 | 15 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FLT (ASX) Chart |