It strikes me that the market - as is it wont to be inanely focused on a single profit result (and whether it happened to be a "beat" or a "miss") - will completely miss what is happening to the fundamental value of the business over the longer term.
A globally-scale-able business, that generates very high returns on tangible capital, through long-established and proven technological IP, significant brand resonance, and by being very well-managed by people who have meaningful personal stakes in the business.
All this and the business is being offered at a valuation multiple lower than that for the broader market.
I duly bought more shares in FLT this morning.
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It strikes me that the market - as is it wont to be inanely...
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Last
$17.00 |
Change
0.020(0.12%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.18 | $16.98 | $18.14M | 1.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6735 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.01 | 75 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
