I have just been reading FLT's latest thread. Someone just ran a whole lot of numbers suggesting the company will become insolvent by early 2021 if international travel does not return. The trigger will come when their cash reserves hit 350 million. On the face of this and many variables l agree, WEB looks to have a robust financial position. If FLT were to fold, it could play very favourably into WEB Jets hands. So, despite recent sell downs, l think this company will rebound very well. The message l take from this is do not worry too muvh about the recent volatility, medium term things are looking very good.
Don't be afraid if WEB drops, page-8
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Last
$8.18 |
Change
0.110(1.36%) |
Mkt cap ! $3.179B | |||
| Open | High | Low | Value | Volume |
| $8.12 | $8.23 | $8.09 | $6.129M | 748.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19401 | $8.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.23 | 3699 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$8.20 |
Change
0.110 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| $8.11 | $8.23 | $8.10 | 221212 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WEB (ASX) Chart |