Correct, but from market cap point of view only.
The difference is FLT is now a much leaner (significantly less shop fronts, staff and expenses) than the pre-Covid level. Thus, if revenue is (eventually) anywhere close to pre-Covid level, you could only imagine the profit.
In my opinion, with the help of vaccines and a bulging worldwide pent-up demand, it's not going to be long before it becomes reality.
I think the market and institutional shareholders understand this.
flight centre $15 party, page-699
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Last
$20.70 |
Change
0.080(0.39%) |
Mkt cap ! $4.574B | |||
| Open | High | Low | Value | Volume |
| $20.77 | $20.88 | $20.60 | $13.94M | 673.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 26072 | $20.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.71 | 3977 | 3 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$20.61 |
Change
0.080 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $20.71 | $20.88 | $20.60 | 221286 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| FLT (ASX) Chart |