@MarsC
Agree that isolated under-performing stores cannot be the norm as they would not be able to generate ~$300M PBT otherwise.
I have seen from your previous posts that you are clearly a longer term fundamental investor and that you currently have a buy rating on FLT. What are your views therefore on the actual business model and its durability? Would you not think that more and more people are comfortable with making their own bookings - therefore putting longer term pressure on FLT's margins? Do you think they will become more reliant on adding operating businesses (tour operators etc) to compensate for the potential reduction in commission income?
Would appreciate your views on how you view FLT as a long term investment.
cheers
rester
Ann: Macquarie Australia Conference Presentation, page-8
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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 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
