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
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 (20min delay)
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Last
$20.42 |
Change
-0.220(1.07%) |
Mkt cap ! $4.512B | |||
| Open | High | Low | Value | Volume |
| $20.55 | $20.81 | $20.42 | $16.48M | 802.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $20.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.52 | 6379 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$20.59 |
Change
-0.220 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| $20.60 | $20.81 | $20.58 | 86801 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| FLT (ASX) Chart |