FLT did capital raising during the pandemic and issued new shares that almost 100% of its original amount.
The target price should be 50% of it pre-COVID level and minus damaged done (shop closes, job loss, etc all reduce ability of profit making).
If $35 is the pre-COVID target, than $17.50 is the post-COVID target, which is pretty much there already.
I bought in at $10 and plan to hold long term. But if it ever raise close to the pre-COVID high in next few months, I will sell some.
Weekly Chart Stan Weinstein Stage 1 breaking into Stage 2, page-3
Add FLT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.51 |
Change
-0.490(2.45%) |
Mkt cap ! $4.311B | |||
| Open | High | Low | Value | Volume |
| $19.76 | $19.98 | $19.51 | $21.17M | 1.078M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 14951 | $19.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.59 | 370 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$19.59 |
Change
-0.490 ( 2.42 %) |
||||
| Open | High | Low | Volume | ||
| $19.79 | $19.95 | $19.57 | 875861 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| FLT (ASX) Chart |