@Myownmoney, @MarsC,
Have a look (if you haven't already) at today’s CTD results, their growth rates and the margins they’re making; plus, how fragmented the corporate travel management business still is.
FLT are currently making more than a third of their revenues from that space; if they manage to achieve growth rates and margins that are even remotely similar to CTD’s then I think there is already more than enough to justify today’s FLT market cap, even valuing the rest of the business at zero.
Of course, it is not a given, but I do like the optionality there.
IMHO+DYOR
@Myownmoney, @MarsC, Have a look (if you haven't already) at...
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Last
$21.24 |
Change
-0.370(1.71%) |
Mkt cap ! $4.711B | |||
| Open | High | Low | Value | Volume |
| $21.50 | $21.58 | $21.22 | $13.58M | 638.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1468 | $21.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.25 | 15530 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FLT (ASX) Chart |