FLT - Flight Centre Travel Group

[prawn_86]

Re: FLT - Flight Centre

Up again on another down day, testing the $7.50 resistance, but i would be very surprised if it broke that today.

It has certainly been on a stellar run of late. The did a pres to mac bank yesterday and in it htey stated that their US businesses should be profitable by years end, which would be nice.

 

[gohawks]

Re: FLT - Flight Centre

Up again on another down day, testing the $7.50 resistance, but i would be very surprised if it broke that today.

It has certainly been on a stellar run of late. The did a pres to mac bank yesterday and in it htey stated that their US businesses should be profitable by years end, which would be nice.

Signs looking good at the moment prawn, happy days!

A close over $7 seems likely which would be another step in the right direction.

 

[prawn_86]

Re: FLT - Flight Centre

Signs looking good at the moment prawn, happy days!

A close over $7 seems likely which would be another step in the right direction.

It closed above $7 yesterday, so i dont think thats a problem. Would be amazing if it could break $7.50 today and close above it. Unlikely though...

 

[persistentone]

Re: FLT - Flight Centre

Up again on another down day, testing the $7.50 resistance, but i would be very surprised if it broke that today.

It has certainly been on a stellar run of late. The did a pres to mac bank yesterday and in it htey stated that their US businesses should be profitable by years end, which would be nice.

Where did you get the presentation to Mac bank, or any summary about that?

There was a lot of selling when the stock got to $7.50, and it barely deflected the momentum. We might actually get a close about $7.50 by Friday.

 

[prawn_86]

Re: FLT - Flight Centre

Where did you get the presentation to Mac bank, or any summary about that?

Check the latest announcement FLT made, either via your broker or the ASX announcements section. Its just a simple powerpoint pres.

 

[gohawks]

Re: FLT - Flight Centre

It closed above $7 yesterday, so i dont think thats a problem. Would be amazing if it could break $7.50 today and close above it. Unlikely though...

Whoops didn't realise we closed over $7 yesterday, things looking mighty promising for a close over $7.50 as I type this we are on $7.62 with the day just about over!!!

 

[ROE]

Re: FLT - Flight Centre

It closed above $7 yesterday, so i dont think thats a problem. Would be amazing if it could break $7.50 today and close above it. Unlikely though...

Still under intrinsic value at $7.50 ....

Uncle Walter Schloss a friend of Uncle Warren Buffett once said when you buy something cheap enough, some good may happen to it and I bought FLT cheap and waiting for something good happen to it and dont forget the 9 cents dividends between the dog to the darling status

 

[prawn_86]

Re: FLT - Flight Centre

Flight Centre is now trying to increase its stake in the market, by not offering products/flights from airlines such as Singapore Airlines, as Singapore Air tries to undercut Flight Centre on their own website.

"These poor economic times give us a chance to get at and punish those carriers (only one or two) who are trying to undercut us on the web thus costing us in price beats," Mr Turner (Flight Centre CEO) said.

Interesting to see that they are flexing their muscle, i wonder what the airlines response will be.

 

[ROE]

Re: FLT - Flight Centre

Flight Centre is now trying to increase its stake in the market, by not offering products/flights from airlines such as Singapore Airlines, as Singapore Air tries to undercut Flight Centre on their own website.

"These poor economic times give us a chance to get at and punish those carriers (only one or two) who are trying to undercut us on the web thus costing us in price beats," Mr Turner (Flight Centre CEO) said.

Interesting to see that they are flexing their muscle, i wonder what the airlines response will be.

Swine flu got me a bit worry with FLT, fundamentally FLT is top but I cant control nature so I sold out at $7.50 for a decent profit.. I get back when they have a vaccine for Swine and it is contained and stop spreading.

and I like FLT taking a stand against Singapore and Qantas Airline, and I think they are likely to succeed than not.. Large Retail present is a power house you don't want to mess with, they can cut off your blood line by not
selling your products.

Look what Woolies and Coles do to suppliers play nice with us or we squeeze your ass...but we squeeze your ass anyway to give us even better price

 

[Rainmaker2000]

Re: FLT - Flight Centre

I can't get myself to sell any, even most of my stock acquired less than half this price...........

June is cyclically the worst month for the stock market with the turnover driven by tax considerations........with FLT, just have to be so careful as how quick the cycle can turn.......probably will turn in next two weeks I'm offline at Kakadu..hehe....

I think they should stick it to the airlines......absolutely stick it to them....all they want to do is offer their customers the same price the airlines are.......in a rational market, the airlines can't survive doing that.......and there is no worse time for the airlines to try brinkmanship with FLT than now.......I suspect FLT is growing market share significantly which could really hurt an airline not playing ball

 

[oldblue]

Re: FLT - Flight Centre

Look what Woolies and Coles do to suppliers play nice with us or we squeeze your ass...but we squeeze your ass anyway to give us even better price

But the suppliers to Woolies and Coles don't have the same capacity to sell direct to the consumer that the airlines have!
FLT is an impressive business, best in its class for over the counter deals but it's only one of a growing number of outlets for the growing business of on-line travel bookings.

 

[ROE]

Re: FLT - Flight Centre

I can't get myself to sell any, even most of my stock acquired less than half this price...........

June is cyclically the worst month for the stock market with the turnover driven by tax considerations........with FLT, just have to be so careful as how quick the cycle can turn.......probably will turn in next two weeks I'm offline at Kakadu..hehe....

I think they should stick it to the airlines......absolutely stick it to them....all they want to do is offer their customers the same price the airlines are.......in a rational market, the airlines can't survive doing that.......and there is no worse time for the airlines to try brinkmanship with FLT than now.......I suspect FLT is growing market share significantly which could really hurt an airline not playing ball

Yeah I know, I umm and ahh for 3 days before I bite the bullet and decided to sell, Even then I say if I cant sell at $7.50 I'm holding on but
the stock reach $7.50 today and done deal.....

I did a fair bit of research about Swine flu and it's outbreak it could potentially restrict travel significantly so I thought I better safe guards my capital and lock in the profit rather than hang on and could get be in for a rough ride ... I prepare to buy back in at $8 when everything has gone away and they have a vaccine for it

Money from FLT will go to other stocks on my list

 

[prawn_86]

Re: FLT - Flight Centre

Intraday break above $8 looks promising. If it can hold and close above that I would suggest a technical target of around $10.

For a mid cap stock this is fairly illiquid with management and instos holding the majority.

 

[ROE]

Re: FLT - Flight Centre

good stuff, wish you and rain maker make a killing out of this stocks
remember buy stuff under their intrinsic value it usually pay off big time.

what I lost in FLT is purely on the unknown swine flu which I can not quantify and I am happy to forgo all profit just on that.

I can quantify recession, unemployment, internet threat you name and
I have no fear with these stuff.

Things I cant quantify I consider it to be a high risk
High risk to me is not equate to high return like some crab financial jingle people use
High risk to me is capital lost and low return or no return

To me buying stocks is not a risk if I can quantify variables I taken into account and I believe my Great Uncle Warren would think the same way.

thankfully I have a handful of stocks that trades below its intrinsic values
and now Mr market about to correct that decision

CCP amazing perform just as well or exceed FLT but but I didn't expect it to go any where near that level just yet...the beauty of under expectation is there such a word under expectation? ..just me rambling hahaha.

 

[oldblue]

Re: FLT - Flight Centre

I can quantify recession, unemployment, internet threat you name and
I have no fear with these stuff.
QUOTE.

I wish I could!

To me, the swine flu "threat" is a bit of a furphy with respect to its impact on the market and will go the way of Y2K, bird flu etc in due course.
On the other hand, the world-wide recession and its flow-on effects is unquantifiable and is having its ongoing impact.
Any estimate of its likely depth and duration?

 

[ROE]

Re: FLT - Flight Centre

I can quantify recession, unemployment, internet threat you name and
I have no fear with these stuff.
QUOTE.

I wish I could!

To me, the swine flu "threat" is a bit of a furphy with respect to its impact on the market and will go the way of Y2K, bird flu etc in due course.
On the other hand, the world-wide recession and its flow-on effects is unquantifiable and is having its ongoing impact.
Any estimate of its likely depth and duration?

That where I'm different from other people

Well I cant put a number to it doesn't mean someone else cant...I just cant, If stuff I don't understand I rather not get involve until I can

When has doubt the safest course of action is stay on the side line

There are people who make money out of counting card beating the casino and there are traders that make lot of money trading stocks.

I know my limitation and If I cant do it ..I don't want to get involve
doesn't matter what everyone else think or do.

you can quantify the swine flu good luck

 

[gohawks]

Re: FLT - Flight Centre

Intraday break above $8 looks promising. If it can hold and close above that I would suggest a technical target of around $10.

For a mid cap stock this is fairly illiquid with management and instos holding the majority.

Been some fantastic gains in the last few days and it looks like we are closing in on $10 fast!

My average buy price was $5.669 so I'm certainly enjoying the ride.

 

[Rainmaker2000]

Re: FLT - Flight Centre

Just back from the holiday of my life up at Kakadu.....booked of course through my pals at Student Flights (a FLT company)..............and I note that FLT shares have advanced enough to pay for a couple of holidays.......this is certainly the most buyant June in the market i can remember

 

[fureien]

Re: FLT - Flight Centre

wow flt is doing really great.

i have a watchlist consisting of my "wouldve been" long term holds based upon stocks i researched during march/april. flt of course being one of them.

that dream portfolio has grown about 20% (individually some performed significantly better than others) and the stupid thing is i only actually invested in one or two of them while putting most of my money in speculative short term stuff. in short i wouldve made more money doing a buy and hold on long term stocks than hypergrowth stuff.

certainly kicking myself now.

congrats on those who believed in flt.

 

[prawn_86]

Re: FLT - Flight Centre

I sold down just over half my initial holding about a month ago at $9.12, and am now free carried with the rest of my parcel.

If i was looking to get in again today would probably be a good signal, as it has been consolidating in a range for the last month and has now broked through its previous 6 month high