half year report, page-2

I too was confused by market reaction.......but with FLT, I don't get surprised anymore...very ficle to sentiment for example, did anyone buy it for $3.20?..Stock went down last few days cause they played down chance of earnings upgrade.......

BUT management usually does that.....and I'm expecting an earnings upgrade......and I will brag I did buy a few parcels for $3.7 but ancient history now...

Anyway, the result was very tidy I thought....almost sublime....the growth engines are all on show......

Market commentators wanted higher than 30% growth, which was played down.....

But what can people expect.....the revenue line on FLT always traditionally growth round 15% on average......with standard economies of scale that equates to an aspirational bottom line, profit growth of round 20% on average

The fact is the company is a marvel when run well....20% a year for several years = investor lying on a beach in Fiji fulltime!