Two excellent responses, both of which don't even attempt to justify the $14 number thrown out there.
I agree. Trading is not entirely rational. But its not entirely irrational either. 35 years of trading has taught me that, and I have seen enough "prop-ups" to know when to stand clear. It's your money, and if you can find some way to justify a $14 target then you are better than I am.
My "logic" - if I am allowed to use it - can't see my way clear of looking at this with sh**-coloured glasses on. Ever growing mountain of debt, diluted equity, shattered workforce, and decimated earnings stream. Doesn't scream "buy me" really. There is also a growing "opaqueness" to the message from management, which is usually a good indicator that all ain't ok.
Good luck guys. Hope you are right. Would love to see FLT rise from the ashes into a bigger, better company.
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Last
$21.95 |
Change
0.340(1.57%) |
Mkt cap ! $4.851B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $22.05 | $21.63 | $31.78M | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $21.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.95 | 8747 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FLT (ASX) Chart |