Hello Helloworld

Apart from the fact that FLT already has a stranglehold in terms of market share in Australia, and the many other attractive attributes of the FLT business,in my opinion, there's yet another good reason to buy FLT - Helloworld. As much as Helloworld is struggling, and losing market share with each passing year, it still commands TTV of 45% that of FLT.

Now whatever concerns we may have, over the long term, of FLT's possible margin erosion due to online competitors (a threat that's yet to show up in FLT's accounts in any compelling way), that 45% of TTV, in the short/medium term, has got to be a gimme for FLT. So if we think FLT has got a commanding market share now, surely we ain't seen nothin' yet.