and then you need to take into account changes in net cash (cash received less cash spent over the period, as there is a negative cash flow). $17.50 is actually a pretty fair estimation.
Globally, COVID news is getting worse. ScoMo's confirmation of the elimination strategy, coupled with changes in various forecasts means that cashflow will remain negative for some time yet. FLT will need to have a serious think about improving their net cash position over the coming months, and I am guessing that this will take the form of convertibles. Liquidity will improve, but net debt will rise, and capital will be diluted. IMO $10.00 is a fair target too, but others (who are convinced they can talk this thing higher) will no doubt disagree.
Regards,
Kit
and then you need to take into account changes in net cash (cash...
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Last
$20.65 |
Change
0.210(1.03%) |
Mkt cap ! $4.563B | |||
| Open | High | Low | Value | Volume |
| $20.40 | $20.68 | $20.38 | $13.83M | 671.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13445 | $20.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.65 | 3613 | 3 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$20.64 |
Change
0.210 ( 0.86 %) |
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| Open | High | Low | Volume | ||
| $20.44 | $20.68 | $20.39 | 232224 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FLT (ASX) Chart |