I normally make a point of avoiding trying to second-guess why share prices do what they do over short-term time frames, but this looks like it is trading cum-downgrade.
At the same time, judging by the valuation metrics (based on AGM guidance last year), the stock is trading on a P/E multiple of around 14.5x.
Which suggests to me that the downgrade - when (if?) it comes - is already largely factored into the share price.
Because I think FLT is an above-average business, yet it is being priced at a discount to the broader market.
Ann: FCTG Completes US Corporate Travel Acquisition, page-2
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Last
$17.13 |
Change
0.430(2.57%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.03 | $17.45 | $16.94 | $37.05M | 2.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6310 | $17.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.13 | 638 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
