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FLT - Flight Centre Travel Group

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Re: FLT - Flight Centre

I think this is a crucial annual report coming for FLT..........if they can demonstrate an actual turnaround in US business..............then dollars could be added to value...$15 quickly is not out of question...otherwise its downski

I think the most likely event is "uncertain" US outlook and a share price going back to 8$............but really, any type of good news in US could pay good dividends......

speaking of dividend, come in spinner!
 
Re: FLT - Flight Centre

Rainmaker2000 said:
I think this is a crucial annual report coming for FLT..........if they can demonstrate an actual turnaround in US business..............then dollars could be added to value...$15 quickly is not out of question...otherwise its downski

I think the most likely event is "uncertain" US outlook and a share price going back to 8$............but really, any type of good news in US could pay good dividends......

speaking of dividend, come in spinner!
Click to expand...

Do you know the date of release for the annual report? could not find it anywhere on the website.

cheers, W.
 
Re: FLT - Flight Centre

Rainmaker2000 said:
I think this is a crucial annual report coming for FLT..........if they can demonstrate an actual turnaround in US business..............then dollars could be added to value...$15 quickly is not out of question...otherwise its downski

I think the most likely event is "uncertain" US outlook and a share price going back to 8$............but really, any type of good news in US could pay good dividends......

speaking of dividend, come in spinner!
Click to expand...

Never fear ... Balance sheet is more important than short term news..that why I buy on short term fear with good long term balance sheet ..Always pay off that way. :D
 
Re: FLT - Flight Centre

Agree ROE about fundamentals, its just my biggest holding now so its price performance sets the tone on how I invest the rest of the portfolio......especially the speculative stuff........in a perfect world the price should not matter but for portfolio planning it does at least in short term....:)
 
Re: FLT - Flight Centre

Results update out. Things seemingly on track, however no div to be paid:

Consequently, FLT's Board has elected to continue with its strategy of preserving cash for the future and does not currently expect to declare a final dividend for 2008/09. FLT’s Board is committed to delivering strong shareholder returns and intends to restore its policy of returning 50-60% of net profit after tax to shareholders, as soon as it is reasonable to do so.
Click to expand...

Market sure liked it. Up 14% at the moment.

Holding a free carried parcel.
 
Re: FLT - Flight Centre

prawn_86 said:
Results update out. Things seemingly on track, however no div to be paid:

Market sure liked it. Up 14% at the moment.

Holding a free carried parcel.
Click to expand...

What's the logic in no dividend if they are on target to projected earnings and stabilized the U.S. at at least breakeven?

No dividend makes it sound like they see some hard spots ahead.
 
Re: FLT - Flight Centre

persistentone said:
What's the logic in no dividend if they are on target to projected earnings and stabilized the U.S. at at least breakeven?

No dividend makes it sound like they see some hard spots ahead.
Click to expand...

Yeh i agree, somehting seems a bit sus to me.

Last period they cut it to about 20% of earnings, and now nothing, when they say thier policy is still to pay out 50%. Doesnt make sense, i would have thought at least a nominal dividend would keep holders happy. :confused:
 
Re: FLT - Flight Centre

prawn_86 said:
Yeh i agree, somehting seems a bit sus to me.

Last period they cut it to about 20% of earnings, and now nothing, when they say thier policy is still to pay out 50%. Doesnt make sense, i would have thought at least a nominal dividend would keep holders happy. :confused:
Click to expand...

Perhaps they're keeping cash for a share buyback? Either for the big holders to sell down without too much effect on the SP or for said big holders to increase their proportionate stake as others sell out.

Or is that just a far-fetched conspiracy theory?

;)

Disc: Not holding.
 
Re: FLT - Flight Centre

Settle down :D put your feet in Graham Turner Shoe...and I wouldn't pay dividend either...

think like a business owner not some piece of paper

The man deliver you guys record profit in stock price due to his conservative nature and good mangement...

Bull market all around for me this year.


Imagine you own a shop and you go through a bit of a rough time and you know time will get better in a couple years but you dont know what may hold in the short term.

1. you spend your earning (pay out dividend), and if more stormy weather approaching you borrow or issue deep discount share price and dilute existing holder?
is it in your best interest and shareholder interest?

2. you save it just in case more bad news up ahead and you can weather the storm while your rival get wiped out, you come out twice as strong
pay a dividend plus a special dividend for short term pain and long term gain holder.

if you pick 1, go and buy ABS and BNB :) they pay out as much as they can, take on as much debt as they can and bloat they are the best guys in business
 
Re: FLT - Flight Centre

Completely agree ROE.

I'm still seething......absolutely ropable about my businesses who have issued capital to the unwashed masses at hefty discounts........I will never forget it, even

I will not, never forgot the stupidity that went on by wankers with no equity interest in the business.......just management interest......public enemy number one: Sgn which apparently never breached a banking covernant and proceeded to issue almost double issued capital at at absurdly low price.....

Please, please, please give me a FLT who will grow from operating cashflow.....if its good enough for Buff, its easily good enough for me:)
 
Re: FLT - Flight Centre

As for the flight result, I'm still waiting on the official release

I found the update to be pretty average news.....albeit not bad............if you can believe it, its very similar guidance as to when the stock was selling at $3.50........nothing much has happened since then..........

As to the share price, I have no idea, no idea at all what the punters are thinking or were thinking at $3.50, which is only 4 months ago, Was it not?

I've never had a stock perform like this one in such quick time and have never made such an amount of money in such a manner.......It's really an insult to working for a living!!!!!

Congratulation to all holders, even if you owned it from $18.......you got a good stock and your in the same boat as management......that seems pretty important in light of the recent crisis (in ethics)
 
Re: FLT - Flight Centre

Rainmaker2000 said:
As for the flight result, I'm still waiting on the official release

I found the update to be pretty average news.....albeit not bad............if you can believe it, its very similar guidance as to when the stock was selling at $3.50........nothing much has happened since then..........

As to the share price, I have no idea, no idea at all what the punters are thinking or were thinking at $3.50, which is only 4 months ago, Was it not?

I've never had a stock perform like this one in such quick time and have never made such an amount of money in such a manner.......It's really an insult to working for a living!!!!!

Congratulation to all holders, even if you owned it from $18.......you got a good stock and your in the same boat as management......that seems pretty important in light of the recent crisis (in ethics)
Click to expand...

Another big rise today currently sitting at $13.030 up 10.4% as I type. :D

Certainly enjoying holding in the current climate. Onwards to $15 from here?
 
Re: FLT - Flight Centre

Don't I feel great, sold at $6.50 for a bit over 10% profit could have been over 100%! Congrats to all those who are still holding!
 
Re: FLT - Flight Centre

gohawks said:
Another big rise today currently sitting at $13.030 up 10.4% as I type. :D

Certainly enjoying holding in the current climate. Onwards to $15 from here?
Click to expand...

I must admit, i am really surprised by this sudden surge.

As Rainmaker said, they have only confirmed what they said 6 months ago, so why did it provide such a boost? The market sure is a strange beast sometimes.

But i dont care, i hold a free carried parcel, which i originally bought at $5.50ish :D
 
Re: FLT - Flight Centre

prawn_86 said:
But i dont care, i hold a free carried parcel, which i originally bought at $5.50ish :D
Click to expand...
Very nice work Prawn. :)

This sort of industry should have responded with any upbeat in sentiment I suppose.

I'm not sure if the market's been crazy or not. The March low looks crazy in retrospect, this is just putting things back on a more even keel for a bit. Could be overshooting perhaps and we'll undershoot again at a later time perhaps.

Medium to longer term I am very concerned about the debt accumulation and acceptance of risk creaping back in.

We've seemed to have fixed the problem with te exact tactics that got us into the problem.

Interest rates staying at 0 have no place in the medium term.
 
Re: FLT - Flight Centre

prawn_86 said:
I must admit, i am really surprised by this sudden surge.

As Rainmaker said, they have only confirmed what they said 6 months ago, so why did it provide such a boost? The market sure is a strange beast sometimes.

But i dont care, i hold a free carried parcel, which i originally bought at $5.50ish :D
Click to expand...

Hey nice and look at the directeors buying in the 9th Mar09 lows

909.jpg


Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 146.5 65.7 67.0 83.1
DPS 86.0 13.2 24.0 31.5

thx

MS
 
Re: FLT - Flight Centre

unbelievable is the word for the current SP movements. I had my finger over the enter button to buy at about $4.50 and i didn't. Thought there was too much risk involved and didnt see it getting much about $6-7 a share. Every time I see it go up I think I will buy on a dip in the price but it never goes down enough and the next thing I know its up to $13 a share. :banghead:

Can't really complain as since I started buying in March I am up close to 30% overall on my portfolio. However I would have loved to have grabbed a good company at bargain basements prices

I note some people's comments regarding the announcements being the same, i think the key difference is the outlook has improved and there is confidence in the market. When the crisis hit every got out at once, now they are afraid of missing the boat
 
Re: FLT - Flight Centre

Nice break and close above $15 today. Be interesting to see if can move on with it as it seems $17 is the next point on the charge based on old highs. Anyone else been watchin this one?
 
Re: FLT - Flight Centre

Can anyone here tell me if Flight Centre trades stock options with a 2011 expiration and strike prices above $25?
 

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