huntley have a buy on it as wellInvestment Rating (Reviewed:...

huntley have a buy on it as well


Investment Rating (Reviewed: 24/02/2009)

FLT is Australia's largest traditional high street travel agent. It has differentiated its brand into a number of market segments including retail, wholesale, corporate and online. Discount airlines intensify price competition, driving down the cost of air travel and lowering commissions to travel agents. The travel industry has adapted by charging customers a fee for service. Online travel agents, with their lower operating costs, add another burden to the competitive environment. FLT is changing its mix of businesses towards higher margin activities to compensate for lower airfare commissions.

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Latest Announcements
24/02/2009 Amended FLT 4D 09 Half Year (Div Note 5B amended)
24/02/2009 Half Year Report and Accounts
24/02/2009 FLT 09 Half Yr Results Press Release
24/02/2009 FLT 09 Half Year Results Presentation
24/02/2009 Becoming a substantial holder from NAB
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Price data based on previous close.
Previous Close 52 week high 52 week low
$ 4.50 $ 29.78 $ 4.49
Sector
Consumer Services
Market Cap
$448 Million

Total Shareholder Return
(avg annual rate)
1yr 3yr 5yr 10yr
-82.6% -23.7% -22.9% 1.4%

Earnings and Dividends
Forecast (cents per share)
6/08A 6/09E 6/10E
EPS (c) 146.5 68.1 79.8
PE Ratio (x) 3.1 6.6 5.6
DPS (c) 86.0 23.0 27.0
Div Yield (%) 3.8 5.1 6.0
Source: Morningstar analyst estimates.