On what basis do you believe that the suite of products Zip is running in ANZ is strategically sound and will generate an appropriate return on invested capital? Please point me to an aspect of their P&L or company presentations which makes you believe this is the case. Based on Note 2 to their FY20 accounts, their ANZ business was generating an EBTDA loss and this business has been operating for a number of years and is relatively mature.
As an investor in Zip, it is all about the Quadpay BNPL product IMO. The last thing I want to see is them rolling out their consumer finance and business lending products internationally.
Z1P Price at posting:
$7.23 Sentiment: Buy Disclosure: Held
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