With FLT having a market value of $1.2billion I just cannot see how this value can be justified when the world economy is slowing and consumers will enivitably spend less on leisure such as travelling.
Also they are competing against internet travel companies who operate on much less resources so they are finding it competitively harder to do business.
I would avoid FLT at the moment at ALL costs and I would NOT be surprised if it went to $5 in the near future with the release of a downgrade which I believe is a big possibility IMHO.
what do other analysts say?, page-2
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Last
$19.91 |
Change
-0.030(0.15%) |
Mkt cap ! $4.400B | |||
| Open | High | Low | Value | Volume |
| $19.81 | $19.91 | $19.53 | $12.63M | 637.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2272 | $19.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.91 | 7714 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| FLT (ASX) Chart |