It's funny what happens in equity markets sometimes.
For a long time, it is hard to find anything of decent enough value to be able to buy at a reasonable price.
Then suddenly - out of the blue - a number of good businesses suddenly become available for sale at attractive prices.
FLT is the latest one in the past few weeks.
I have today been buying FLT.... a +20% ROE business, underpinned by a prolific brand and I'm paying a mere 13x P/E (11.5x P/E after adjusting for cash balance, excl. cash held for clients).
The stocks is trading at a near-30% discount to the broader stock market, compared to its historical average of a 10% premium.
Like I say, equity markets can behave in a funny manner sometimes.
It's funny what happens in equity markets sometimes. For a long...
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Last
$17.43 |
Change
0.300(1.75%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.13 | $17.59 | $17.12 | $12.31M | 709.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8334 | $17.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.44 | 1516 | 16 |
View Market Depth
| Last trade - 14.19pm 28/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
