assuming a valuation including rising cases in the USA, a new outbreak in China, Australia banning external travel till at least Dec 31st, Australian internal borders more likely to close more rather than open (see Victoria) and cruise ships being suspended out of the USA.
I'm expecting $8-9 at the August results, probably lower again in Feb as little revenue/TTV will have come back in to Dec 31st.
From there, I think there is a good chance the company can rebuild over 2-3 years and get back 60-70% of revenue and earnings, so longer term price target if they execute well is $15-17 (which again remember is $30-$34 if you are looking at a chart) but "a lot of water has to flow under the bridge" for them to execute well and be worth that.
assuming a valuation including rising cases in the USA, a new...
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Last
$21.25 |
Change
0.260(1.24%) |
Mkt cap ! $4.685B | |||
| Open | High | Low | Value | Volume |
| $21.10 | $21.32 | $21.05 | $7.336M | 346.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 815 | $21.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.25 | 927 | 16 |
View Market Depth
| Last trade - 14.18pm 29/04/2024 (20 minute delay) ? |
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Last
$21.24 |
Change
0.260 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| $21.08 | $21.31 | $21.06 | 957111 | ||
| Last updated 14.36pm 29/04/2024 ? | |||||
| FLT (ASX) Chart |