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Well Flight Centre and Webjet shares are in a trading halt.
Whats your opinion , do you think they will come back, and if they do, recover ?
Flight centre were around $62 this time last year
Flight Centre and Webjet Shares
[Deactivated] on 26/03/2020 - 17:06
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I'm surprised webjet exists at all but I think that FC will weather this. The number of stores to be closed has increased and been brought forward which may have given cause for a share sell off.
Unless you're willing to buy your opinion isn't worth much.
Unsolicited opinions on opinions are worth slightly less.
Nope, no skin in the game then anything you say is utterly worthless because you don’t have the courage to back up your convictions. Came back when you’re grown a pair and put in a buy order then your opinion might be worth listening to.
@Icecold5000: So how do I get skin in the game during a trading halt, Mr Giantnads? You seem to have overlooked that. Also, do you think they'll get through this and recover?
@Some Guy: I don’t know and I’m not going to offer an opinion when there are far more compelling opportunities around. Complete waste of time.
@Icecold5000: So my opinion is worthless because I haven't bought shares in a company I think is going to survive COVID-19, even though the shares are in a trade suspension so I physically can't?
Any you're not wasting your time even offering an opinion on the topic on hand because of better opportunities elsewhere?
But yet you've got enough time, and you think this a good way to spend it, to go online and point out the opinions requested by the OP are worthless ?
I might have not have the cohunas, but you seem like a massive d*ck.
but you seem like a massive d*ck
It’s a logical reaction to someone who showed you up as a coward. I don’t blame you at all.
@Some Guy: None. I don’t have an opinion on them.
I do have an opinion on people who go around giving advice but are too gutless to take a position.
@Icecold5000: Fair enough. But to call someone gutless for not taking a position even though they can't is pretty harsh, isn't it? This thread is about whether or not Flight Centre will weather the COVID-19 storm.
I'm not finance expert but I will comment anyway because this is OzBargain.
If they can survive this ordeal till the end, yes they will come back up eventually.
But there's no stopping them to cut losses and call administrator before then.
Flight centre were around $62 this time last year
Yeah nah, Flight center wasn't $62 12 months ago, try 2 years ago
Flight Center
52-wk high 49.14
52-wk low 9.65Webjet
52-wk high 17.19
52-wk low 3.76do you think they will come back, and if they do, recover ?
Yes and who knows what they'll recover to. Its the risk you take, but they won't bounce back for 3-5 years.
You never know, three things can happen that will cause they spring back in a year or so.
1- The virus weakens (yes it can but unlikely); 2- A sure-fire cure is found so COVID-19 becomes no more dangerous than common cold; and
3- One of the many vaccines that are under development passes the trials and is mass-produced in 6 months.Travel will start to go back to normal for those who have been vaccinated and eventually everyone…
Travel will start to go back to normal for those who have been vaccines
Correct, travel is pretty much DEAD until a vaccine is found and issues worldwide.
There still will be a 'fear' of travelling for a while after that happens.
Everyone says a vaccine is 12-18 months away. These things need 'testing' to make sure its safe and doesn't have any other issues related from it.
So I stand by my view it won't bounce back for 3-5 years to the level it was today.
That said, picking it up for ~$10/share today and flipping it for $40/share in 3-4 years time is still an amazing return on investment, assume they don't go belly up between not and then.
does that applies to airlines ?
@dcep: Bought some Qantas stock for long term holding.
Like JimmyF said, if in 3-4 years it doubles I'm happy. If it makes 0% I'm not too far off from the current plan of putting it in TD.
Plus it's a small amount so if I have to write it off I'm not too fussed.
Bought some Qantas stock for long term holding.
Like JimmyF said, if in 3-4 years it doubles I'm happyAgreed, short term 1-2 years, its going to be a trainwreck, but if they can keep trading through it, then long term it'll be a good money maker for sure!
i don't know man… afterpay was 8.90 now 19.50
i'm gonna shoot myself for not going in at 8.90
It's still too volatile for my liking.
I looked at afterpay ~$10 but then thought nah…… whoops, missed a 80% rise!
It will likely plummet again. This is a dead cat bounce in what will be a long bear market. If you're patient the best bargains might be in 3-6 months.
Both will have to seek capital from the market, which will substantially dilute any existing shareholders.
Anyone giving them money will want a lot for it. I would suggest existing holders will do well if they retain half the company.
Both halted their shares, which is a very poorly thought of response, and I expect neither will re-open at higher than half their closing price.
Both will still be a business in 2 years time, but very likely with new owners, as the old owners (shareholders) are left holding the bag for staff entitlements and debt.I don't really like either business, and am not keen to invest, but FLT at a dollar or below might be worth a gamble, as if there was a medical breakthrough or similar before FLT disappears, it would come roaring back.
invest in business you believe in instead of trying to make quick cash
that's no fun
depends what your goal is ;)
Ooof. How much did you have invested?