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
$19.16 |
Change
0.000(0.00%) |
Mkt cap ! $4.233B | |||
| Open | High | Low | Value | Volume |
| $19.20 | $19.27 | $19.07 | $5.450M | 284.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2991 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.17 | 1338 | 10 |
View Market Depth
| Last trade - 12.32pm 06/06/2024 (20 minute delay) ? |
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Last
$19.16 |
Change
0.000 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $19.15 | $19.25 | $19.05 | 40039 | ||
| Last updated 12.51pm 06/06/2024 ? | |||||
| FLT (ASX) Chart |