Your last negative point is very relevant to future SP movement. Since suspension in the middle of last month at $9.91 the market lost much more value, and FLT would have traded much lower, down to sub $8 in my view.
Yeah, the raising will be initially supported at $7.20 but expect further weakness in coming months.
I will look to buy in, subject to seeing some clarity in travel restarting, at prices well south of $7.00.
Equity raise process, page-10
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Last
$20.26 |
Change
0.020(0.10%) |
Mkt cap ! $4.488B | |||
| Open | High | Low | Value | Volume |
| $20.40 | $20.52 | $20.26 | $13.77M | 674.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2226 | $20.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.28 | 1964 | 16 |
View Market Depth
| Last trade - 14.32pm 12/08/2024 (20 minute delay) ? |
| FLT (ASX) Chart |