FLT 1.57% $21.95 flight centre travel group limited

Recovery Time, page-29

  1. 546 Posts.
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    Hey Mars,

    Any thoughts on valuation? Are you intending to take up entitlement? There is a fair arbitrage today on offer for anyone who didn't want to take up their entitlement but retain their existing shares. Still there will be a lot who let them lapse. I will take up full entitlement or buy on market at alower price should they head there. I think it is de-risked to a substantial degree but no doubt there will be many structural changes to types of holidays, methods of booking and insurance cover issues - valuation subjective. Flight Centre is the company I own most exposed to this malaise (in the short term at least). So FLT will get my risk capital, in for a penny in for a pound!

 
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