Oh okay, so someone with 16 followers is trying to tell someone with 153 followers that they have no credibility. Haha nice one.
The people who think I'm "dangerous" are the Z1P Cheer squad who spread misinformation across these threads in massive volumes and I'm one of the few people who calls out their BS. Let's look back at my recent predictions on Z1P which have turned me into some kind of "Z1P hater":
1. Margins may decline -> Revenue/transaction has declined as evidenced by the latest quarterly, although it still sits above 7%. A natural reaction to offering a low margin, high volume product.
2. Default rates will decline -> correct, as evidenced in the latest quarterly
3. Z1P a great buy anywhere close to $5. -> correct as evidenced by recent price movement.
I hold Z1P (evidence provided multiple times now), am up over 1000% and I gain nothing from "downramping" Z1P or trying to lower it's share price. I'm not against Z1P I'm against all the disgusting lies (50% profitability etc...") or completely nonsensical peer comparisons (e.g. Z1P annualised FYQ2 numbers (busiest quarter) against APT's actual FY20 numbers).
What is dangerous is someone buying a stock based on misleading and false information.
PS: Have you actually read this AFR "valuation"? Yes, I have a problem with someone calling it a "valuation". I hope people on this forum don't make valuations based on a simple back-of-the-envelope calculation that a 5th grader can make.
Z1P Price at posting:
$7.60 Sentiment: Hold Disclosure: Held
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