FLT 0.12% $17.00 flight centre travel group limited

News: FLT Australia, NZ shares subdued amid mixed earnings reports, page-3

  1. 554 Posts.
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    hey! free speech! @MarsC
    so has your views of FLT changed after the results?

    some things i liked:
    - TTV ok
    - mgmt is quite quirky and they have shown the ability to create profitable (but weird) businesses out of thin air.. i.e. 99bikes and travelmoney
    - management is thinking uber long-term rather than short .. not many companies have a 20 year strategy, usually it's a 3-5 year strategy which aligns to the tenor of CEOs, FLT in a way similar to the communist party of china has steady (if not undemocratic) leadership which enables this sort of long-term investment and planning for the ultra long term.
    - valuation (p/e) still low on a cash-adjusted basis

    some stuff i dont like:
    - online strategy seems late (i thought about buying some webjet shares when it was < $2)
    - some structural decline/slowdown, combined with cyclical issues i.e. brexit, low oil/low AUD and elections
    - hotel management?
    - the business is getting quite big and conglomerate-ish, which makes it hard to manage - after all i think graham cant be everywhere at once, so you have a few underperforming countries/segments
 
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$17.00
Change
0.020(0.12%)
Mkt cap ! $4.754B
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$17.01 $17.18 $16.98 $18.14M 1.024M

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No. Vol. Price($)
3 6735 $17.00
 

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Price($) Vol. No.
$17.01 75 1
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