"But to constantly down ramp (hard to describe it as anything else) that FLT will fall back down to $10 is not being realistic.....your negatively is plainly evident, yet you state you are a realist?"
- He or she probably is a shorter hence the down ramp.
"More than happy with the investment but i guess you missed that boat right?"
- He or she probably sold out at that point hence the sour grapes when he sees the SP went back up.
Bottom line is: Covid 19 vaccine has been approved by the UK government in the last 24 hours and will be approved by other governments around the globe in the next month or two. Once people are vaccinated, they can and will travel again. Think about all those money people have saved in the past year, they will spend like crazy. This is not a prediction but a reality come true. SP will go back up from now on.
Yes issued shares have doubled but costs are also down by 80% which amounted to a saving of $180 million per month or $2.16 billion per year. If Skroo can keep the costs down when things get back to normal, we may see EPS (after dilution) back to pre-covid level or even better. Think about this, if Skroo can save even 10% of that $2.16 billion when things get back to normal, that's $216 million added back to the bottom line. Based on this, there is no reason why SP should stay at the current level. I would say, SP will be doubled in 12 month's time. I invite you to call me out at that time if I am wrong.
Hang in there guys, I see light at the end of the tunnel.
GLTAH!
FLT Price at posting:
$17.62 Sentiment: Buy Disclosure: Held
(20min delay)
