I feel like the size of the downgrade was larger than warranted and maybe I am punting but last year at this time they did exactly the same thing and then smashed their downgraded guidance shortly after.
The same mob was talking about structural decline but first 10 months of the year the Australian business was tracking well ahead of last year. A key issue to me is FX was trending up to 80 but is now back to 70. Surely this has hit the higher margin products (tours, rooms, transfers) as spending ability overseas just dimished by 15% (against usd anyway). As earnings from overseas grow towards 50% of group this should make FX related variables less and less prominent.
So I topped up a little bitat 32
Same ol same ol?, page-2
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Last
$17.13 |
Change
0.000(0.00%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $17.45 | $16.94 | $1.733M | 101K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 626 | $17.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.30 | 451 | 3 |
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| Last trade - 10.00am 28/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
