ZIP 5.33% $2.87 zip co limited..

$10 Party, page-731

  1. 168 Posts.
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    can someone check my workings? I'm not an accountant so please forgive me is this is dumb.
    dilute APT shares (267M) to Z1P (390M) numbers and APT is $34.72 SP.
    profit ratio Z1P (Gross profit H1 FY20) $35.3M, 21% of APT ($164M)
    So.... 21% of $34.72 (diluted SP) is $7.43 meaning Z1P should be $7.43.
    let's say it's overvalued 20% that is still $5.94.
    Thoughts?
 
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