Z1P' cost for holding the loan: From an interview with Peter Gray.
"One of the downsides to lending for longer is that the duration of Zip's receivables book is an average of between seven and eight months. Afterpay typically turns over its receivables book in 30 days.Everything Zip borrows to fund loans to consumers it has to pay interest on and, for the six months to December 31 2019, the weighted average interest rate on its borrowings printed at 4.3 per cent. Receivables stood at about $1.2 billion in April.""
Possible target price of $15-20, page-142
-
- There are more pages in this discussion • 2,829 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.69 |
Change
-0.005(0.29%) |
Mkt cap ! $1.870B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.71 | $1.63 | $37.60M | 22.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 115959 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 8851 | 6 |
View Market Depth
| Last trade - 15.26pm 22/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |