FLT - Flight Centre Travel Group

[gav]

Re: FLT - Flight Centre

I have to agree with you Rainmaker, it was a terrible article.

Even worse so for me as i was/am waiting for an entry below $8 and then this drivvle comes out forcing the masses to buy in. I wonder what proportion of the buyers yesterday are just retail investors who read the article?

It will be interesting to see what it does from here actually. Wilkl the TA people pick it up and it go for a bit more of a run, or will it slowly drift dwon again cause its not front page news (not that there was any 'news')

I posted the article because it was in mainstream media, didnt mean to offend anyone with its authenticity.

Prawn, why are you waiting for an "entry below $8"? You stated just 2 wks ago that you "missed picking these up under $9" with a beside it.

What has changed in the last 2 weeks?

 

[prawn_86]

Re: FLT - Flight Centre

I posted the article because it was in mainstream media, didnt mean to offend anyone with its authenticity.

Prawn, why are you waiting for an "entry below $8"? You stated just 2 wks ago that you "missed picking these up under $9" with a beside it.

What has changed in the last 2 weeks?

No offence taken at the posting, just at the article itself

Nothing has changed in the last couple weeks, im just being cautious as i slowly drip feed some money into the market. I think buying at these levels is fine for me with 5+ year view however that doesnt mean i cant try and get an even better entry, as im still a bit cautious of the whole macro economy

 

[ROE]

Re: FLT - Flight Centre

Damn those articles stuff up my purchase.. I'm slowly accumulating FLT a thousand shares at a time every time it
goes below $8 ...don't worry it no doubt sunk below $8 again sometimes in 2009 when things are set to get much worse.

 

[Rainmaker2000]

Re: FLT - Flight Centre

The article didn't offend......in fact is pretty relevant to showing why the stock jumped more than 10%...I just wanted to rant about one of my pet gripes that quality financial press pretty much comes from no where but the AFR.......maybe Business Spectator

The article theoretically put 1000's of hypothetical dollars into many pockets on this forum......but I get the impression many more want the SP to tank even further to suck up more honey.......hehehe......ROE, I sure wish I was working in 1000 share lots at this time.........In what has been a brutal last year at times, I'm wearing many bruises but have made many good plays too......I am weary and am allocating capital more carefully these days........hehe

For those wanting more SP weakness, my experience with situations like this is that the SP will give back the gain (and more) in the next one or two trading days.......FLT earnings are in decline this year so the SP should not run off too soon...

 

[captluthra]

Re: FLT - Flight Centre

Hi all, what do we make of the hammering FLT has been taking for the past few days.

Do we see any silver lining to this dark cloud.

 

[nunthewiser]

Re: FLT - Flight Centre

Entered this stock today as a TRADE only .nice low % loss on MY stoploss point.....go FLT for all the rest of yas

 

[prawn_86]

Re: FLT - Flight Centre

Hitting new 5 year lows. How much further can it fall? Perpetual are still buying up fairly heavily, and a vast % is held by management and insto's

 

[Sean K]

Re: FLT - Flight Centre

Hitting new 5 year lows. How much further can it fall? Perpetual are still buying up fairly heavily, and a vast % is held by management and insto's

Travel industry is going into a tailspin at the moment. The next 12 months will see a lot of people shaken out, but you'd expect FLT to be the one picking up the pieces. Maybe.

Yielding 15% on a pe of 5.

Some pain in earnings factored in to the current price.

 

[Gundini]

Re: FLT - Flight Centre

Getting closer to 10 year lows!

Not alot going for it on the current climate.

Figures are very solid and only a small amount of debt.

I got caught in this one when the earnings downgrade came through recently and triggered my buy. Holding at an increasing loss for now.

Tempted to average down, but it may get cheaper yet..

 

[prawn_86]

Re: FLT - Flight Centre

Travel industry is going into a tailspin at the moment. The next 12 months will see a lot of people shaken out, but you'd expect FLT to be the one picking up the pieces. Maybe.

Yielding 15% on a pe of 5.

Some pain in earnings factored in to the current price.

Yeh, i really really like these guys as a long term investment, but havn't bought yet, due to lack of funds, and i just dont know how much further it can/will fall.

Even if earnings fall 30% then thats still a 10% yeild at current prices. And i agree that some earnings falls have already been factored in.

In the latest annual report it states cash and cash equivilants at $740 million. Current MC is approx $690 mill, so already trading below cash value.

They state total equity as $604 million, so perhaps that figure will provide a floor? Or perhaps people will continue to panic, but they will still make a profit of some sort this year.

Crazy times indeed....

 

[ROE]

Re: FLT - Flight Centre

soon it be one of my big holding...i gone through their books many times over pass week and if I got this wrong I'm no longer fit to manage my own money...but **** do happen even at best of time so who know.

The incredible +ve cash flow this baby generate it's scary..based on current market cap

It wipe everyone out before it do any damage to FLT and they will increase market shares once thing start to gather pace.

I'm average down till i'm out of cash then If it continue down I off load my other holding to buy more

 

[nunthewiser]

Re: FLT - Flight Centre

As previouly posted .... a bewt of a low % loss on stoploss points at these levels and yes i have looked at its numbers also but not in it for investment .trade only

 

[ROE]

Re: FLT - Flight Centre

Hi all, what do we make of the hammering FLT has been taking for the past few days.

Do we see any silver lining to this dark cloud.

Be greedy when others are fearful and be fearful when other are greedy

after you done your research of course

 

[prawn_86]

Re: FLT - Flight Centre

As previouly posted .... a bewt of a low % loss on stoploss points at these levels and yes i have looked at its numbers also but not in it for investment .trade only

So are you long or short for your trade nun?

If you are long i assume you are close to being stopped out as you entered the trade yesterday?

 

[nunthewiser]

Re: FLT - Flight Centre

So are you long or short for your trade nun?

If you are long i assume you are close to being stopped out as you entered the trade yesterday?

Long m8 and yes it came close to stop out point earlier in day but has not as yet taken me out ....... hey if it hits stop so be it .......... just pointing out a trade with a low % loss factor on entry if trade goes wrong

ps

LOL as typing this it is back at its lows

blessem....bleeding markets

lol

 

[prawn_86]

Re: FLT - Flight Centre

Long m8 and yes it came close to stop out point earlier in day but has not as yet taken me out ....... hey if it hits stop so be it .......... just pointing out a trade with a low % loss factor on entry if trade goes wrong

ps

LOL as typing this it is back at its lows

blessem....bleeding markets

lol

LOL. I was just wondering thats all. Im not really a short term trader so i dunno how you guys can pick those sorta things often enough to turn a profit :

 

[nunthewiser]

Re: FLT - Flight Centre

LOL. I was just wondering thats all. Im not really a short term trader so i dunno how you guys can pick those sorta things often enough to turn a profit :

Often trades support lines , prefer entrys with a nice low% loss on definative previous supports ..... i do ok ..... this is NOT the only methods i use , scan for breakouts/abnormal vols /supports/etc

plenty ways to make a quid ( or lose one )


still tho i wouldnt suggest any one follow my methods, was merely pointing out one of them on this trade


bleedin market

 

[ROE]

Re: FLT - Flight Centre

bleedin market

Another 1000 shares at $6.80 keep bleedin
got a few more average to go yet...
Bring it on

How low can this baby go ...

 

[Gundini]

Re: FLT - Flight Centre

Another 1000 shares at $6.80 keep bleedin
got a few more average to go yet...
Bring it on

How low can this baby go ...

Maybe $5 but I will get my final parcel before that.

I think they have been way oversold, and they owe me $7.87

 

[prawn_86]

Re: FLT - Flight Centre

Another 1000 shares at $6.80 keep bleedin
got a few more average to go yet...
Bring it on

How low can this baby go ...

Can you spare me 500 shares ROE?

There is so much work for them to do, and with Govt. spending on infrustructure, this stock seems very fair value.

How will infrastructure spending help them? Domestic travel?