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FLT - Flight Centre Travel Group

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Re: FLT - Flight Centre

Announcement today. A $17.20 offer for shareholders valuing the company at $1.62b.

Happy days. Bought at $13.40 and bought a lot more at $9.15 when they reported a bad first half last year. Not a bad return I am sitting on.

Anyone else hold Flight Centre??
 
Re: FLT - Flight Centre


Very Nice Gap Up ALien,

So are you holding or soldout, and if so drinks are you ... :

High of 17.30 so far.
 
Re: FLT - Flight Centre

I am planning on holding to see how this turns out. Usually the best practice these days with takeovers. With so many private equity groups all cashed up and still another possible bid from somebody like S8?? who knows. Either way it pays to hold on.


SevenFX said:
Very Nice Gap Up ALien,

So are you holding or soldout, and if so drinks are you ... :

High of 17.30 so far.
Click to expand...
 
Re: FLT - Flight Centre

Alien said:
Anyone else hold Flight Centre??
Click to expand...

One of the weekly long term trend following systems I use to trade my Super fund with got me into this stock about a month ago.

Volume and price breakouts mean something


HM
 
Re: FLT - Flight Centre


Is FLT a good company? Because it has been doing badly in the past 2 yrs or so.

thx

MS
 
Re: FLT - Flight Centre

I would say that FLT has been an excellent success story over the long term. Is the company as good today as it once was? Well the majority shareholders obviously think that the company represents excellent value and that this value can be exctracted over time.

FLT has excellent market share and has been hit by record oil prices and by airline companies adding oil surcharges onto flights.

This has caused FLT to be oversold which made the company an excellent buy.

The same happened with LEI & COH in the last few years. Fallen Angels can be great buys....

Alien

michael_selway said:
is FLT a good company? beacuse it has been doing badly in the past 2 yrs or so

thx

MS
Click to expand...
 
Re: FLT - Flight Centre

Yup Bought it at 11.50 4 months ago. nice 50% profit
Time to look for more bargain like FLT ... haven't spot any lately due to
market overheating

I was arguing with some dude on here about FLT (+ve cash flow) vs their cash burning Travel.com or something like while FLT going in for a rough ride but I hold my horse and it paid off today
 
Re: FLT - Flight Centre

Why is FLT trading at $16.70 when the offer price is $17 cash plus 20 cents dividend? Should we all leverage into FLT and make the 30 cents a share? Something doesn't make sense - what am I not understanding.

"One of the weekly long term trend following systems I use to trade my Super fund with got me into this stock about a month ago."

Exactly the same thing happened to me - I bought 5 weeks ago for my super fund.

Stevo
 
Re: FLT - Flight Centre

Hi All
Is it the offer price of $17.20 that caused the share to open at that price or was it a lot of buy orders the previous day before close? I am a newbie here - your comments are appreciated.
 
Re: FLT - Flight Centre

Like Stevo mentioned, can anyone explain why it can be bought today at around $16.80 yet early next year we can get $17.20 for it.

Maybe there is a risk it could fall through?

SB
 
Re: FLT - Flight Centre

The time cost of money makes this about fair value atm. Rem your money will be tied up for 3 or 4 months before you are paid out. No counter bid is at all likely given the current ownership of the shares.
Cheers!
 
Re: FLT - Flight Centre

Sainter said:
The time cost of money makes this about fair value atm. Rem your money will be tied up for 3 or 4 months before you are paid out. No counter bid is at all likely given the current ownership of the shares.
Cheers!
Click to expand...

Thanks Sainter. Guess the price may creep up during the next months then.
 
Re: FLT - Flight Centre

There are gonna be takovers galore in the flight industry and all SP's should rise as a result....Qantas is only the beginning.....see you on the high side lads!.......
 
Re: FLT - Flight Centre

What are people view on the renew PEP join ventures with FLT?
I have a massive profit from this baby since low day buying in around 10-11 bucks a year ago.

Will the profit run continue? I don't like this new venture too much debt into the picture.. I'm a conservative and don't like too much debt in any business.
 
Re: FLT - Flight Centre

Has anyone got any idea what is going on at FLT?.....it went up a clean dollar yesterday and is now up 5$ since the much expected profit and accounts release.......me thinks, PEP is may be knocking on the door again, but as proud owner below 10$, I'm getting a little itchy at these prices.......at a PE of about 20 its not historically overvalued however, and there are significant headwinds behind the whole industry.....PEP would have to offer about 25$ to get back into the game again....its been an interested flight with flt..hehe
 
Re: FLT - Flight Centre


I think FLT is now fully value.. I sold my stake I got it at $11.50
so I'm happy with the profit and lock it in.
I don't like the PEP arrangement anyway, it's way too leverage and load it up with too much debt.
I would have sold out earlier in the second offer if it was to go ahead.
 
Re: FLT - Flight Centre

Thanks for your thoughts ROE.

I'm from the Phillip Fisher school of growth investing so it will be hard for me to let this baby go...companies like flt which on average growth at round 15% plus divs are hard to find...still, as you say we all have good uses for the cash...some of us have margin loans.....although the recent upwards performance of the stock is hard to justify holding, on a fundamental basis, the company is not at a ridiculous valuation......the X factor too is that as management and PEP was blatently lying to us over the first takeover bid which I voted against, I think NPAT this year will be up around 30% underlying instead of the 15% announced........it all adds up to an extraudinary company in a fully priced market....there are only about two stocks which I would outright buy at the moment, if I didn't already own them........so other than paying back debt, I'm not I'd probably just waste my money on Commander or something, which I will admit I bought a few around 1$..hehe
 
Re: FLT - Flight Centre


Another one you should look at is IBT and SSM I'm putting my FLT money toward them 100% and will load up more if there is a market correction in October when sub-prime crunch time hit the US market.
I like to discover shares before institution get into the action and these 2 baby fits the bill.

Look IBT number and you be impress by its ROE and other figures.
I already own SSM when it was $1.00 but I will get them some more and more and more until such time I think there it's fully price.

and for better or worse I got 30,000 CDR shares varies from 48 cents to 69 cents..worse case for this baby I believe
it get bought out before it go belly up due to its $1 billion revenue stream.

anyway do your own research this is not a recommendation but what I believe in and buying.

PS: Phil Fisher theory is nice but rarely work in practice, no one can hold on a shares for ever due to the nature of the
economic condition and sentiments around it. I take the ideas and modified it .. I buy and hold when it still undervalue
and let go when it reach full potential and look for something else and come back to it if it go through a rough time
and revalue and see if it's worth get into the action.
 
Re: FLT - Flight Centre

Good to see someone who puts a lot of thought into their investing....in the market, I see a lot of information and many people 'listening' to information but its rare that people take theories, cut them up, apply them when appropriate and not....only about 3% of market players actually analyse I think...

Most of my investing would be 'value investing', something similar to you describe...picking something up when out of fashion, and then waiting for it to realise value.....Fisher is critical of this 'colourful' practice..hehe...The bedrock of my portfolio however are the growth stocks just because nothing in the capitalist system can rival growth over time......so much so that I quit my public service job and am establishing retail concept......only because if you have one store from nothing, that's growth....one to 10 stores, theoretically a '10 bagger', 10- 100 stores, that's it again.....I like growth businesses, smaller the better.

With regard to CDR, I think the 'worries' are overdone but then again many people are trading with a lot more insight than I.....I'm trying to stay away from businesses like SSM cause it 'outside my field of expertise', the financials like good however....as for IBT, its an interesting proposition, the 'education' businesses......I had a look at Tribeca when it was bout 20cents but did not buy.....IBT is not cheap but looks to be performing well and growing....

I think you hit the nail on the head.......I'm waiting for people to have a panic....the last one was pretty dramatic but then people seemed to disregard the fundamentals of sub prime as the market has bounced back....the next panic could be substantial expecially if its triggered by question marks over the mining boom...
 
Re: FLT - Flight Centre

Don't want to give myself a wrap boys BUT I don't get many chances so....check my post on 14 September saying management was holding out on us projecting 15% growth when 30% would be more accurate.................now check out FLT's release today.....'First half NPAT will now be 30% higher than pcp'........What a *ucking coincidence........I can't wait to turn up to the AGM which thankfully is a train ride away........in the same press release today they then go on to caution for the rest of the year.......this sh** won't work since the share price has already run away from the PEP deal......and you would think management would actually be happy about that
 
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