Flightcentre scams exposed, page-43

Surprised at the extent of the sell-off, given the strong Report? 17% YOY increase in U/L PBT (12% increase in Stat. PBT), 8% increase in TTV and guided that this trend'll continue, in FY19 (though not too specific yet). Nice divvy increase too. Given the lofty FLT share price, any market disappointment would lead to a sell-off - but I fail to see how any of these results, are disappointing? Assume the sell-off's due to the negative media article.

Not too worried about that - there will always be disgruntled employees, who will relish an opportunity to whinge to the World. And there will always be a media outlet, looking to publish a 'public outrage' story - though I would've expected this to come from A Current Affair, rather than the ABC. Having said that, it wouldn't surprise me if some of the stories are true - a Co. FLT's size, can't control the behaviour of all their employees. People will be people and I imagine there would be a 'party hard' element there - though the same could be said for any similar business. Not endorsing this behaviour - but can't deny it's part of human nature and that it occurs. I guess FLT will investigate the extent of it and try and address it? Don't really know how they could do this - anonymous internal complaint line? I assumed they'd already have something like this.