As I mentioned yesterday, it appears the insto's have executed a perfect pump and dump... while APT and FXL are up a few percent today, Z1P is down 3.5% as at typing ($3.88) and probably going to continue further for the rest of the day (despite the broader market also being up)... hard to believe the share price was nearly 30 cents higher around this time yesterday... as I said, this deal was already done weeks, perhaps months ago and for truly fair disclosure (and especially given it was marked price sensitive), it should have been announced then (at time of signing) - ie well prior to yesterday's announcement...so it was nothing other than a big cover up to allow heavy trading (selling) of those freshly issued 20 million free shares (totally unrelated to Amazon Australia) made available yesterday.
Summary from yesterdays announcement: Management cannot be trusted for such creative, opportunistic and borderline misleading announcements.
Ann: Zip Strikes Strategic Agreement with Amazon Australia, page-219
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Last
$2.89 |
Change
0.170(6.25%) |
Mkt cap ! $3.773B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.92 | $2.75 | $50.19M | 17.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 328775 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 192249 | 9 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |