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.
Correct, but from market cap point of view only.The difference...
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Last
$21.19 |
Change
0.200(0.95%) |
Mkt cap ! $4.681B | |||
| Open | High | Low | Value | Volume |
| $21.10 | $21.32 | $21.05 | $14.46M | 682.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 625 | $21.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.20 | 258 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$21.21 |
Change
0.200 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| $21.08 | $21.31 | $21.06 | 1269351 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| FLT (ASX) Chart |