this be my analysis:
for those thinking about making the arbitrage between current SP and the SPP at $14.60: Although the potential max buy-in is $30k, this will highly likely be unsucessful as the SPP will be potentially be over-subscribed and be scaled back!! Someone educate if I'm missing something:
There is approx 110,000 shareholders based on most latest annual report.
SPP intends to raise up to $40M.If the SPP has a minimum buy-in of $2000 - and everyone goes in - that'd be $220M already.
Even if 1 in 4 participate, that's still $55M. And FLT plans to raise up to $40m only..!
No point trying to sell your holdings and try to raise $30K to go in on SPP.
I will HODL and participate for atleast the minimums when more details are given!
2023 should defs pick up the pace even if FLT is lagging a bit behind compared to other travel companies. China big tourism groups are finally slowly starting to open - 20 countries from this month, and more to follow suit hopefully!
Should be interesting.
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Last
$22.21 |
Change
0.650(3.01%) |
Mkt cap ! $4.822B |
Open | High | Low | Value | Volume |
$21.68 | $22.21 | $21.52 | $19.30M | 877.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7599 | $22.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.22 | 107 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7599 | 22.090 |
1 | 1714 | 22.080 |
5 | 3620 | 22.070 |
1 | 1340 | 22.060 |
1 | 1390 | 22.050 |
Price($) | Vol. | No. |
---|---|---|
22.220 | 107 | 1 |
22.230 | 2666 | 1 |
22.240 | 108 | 1 |
22.250 | 1078 | 3 |
22.260 | 2775 | 2 |
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