similar multiple of gains. Some non long term holders may be feeling some uncertainty with current easing of SP. However the stock has always been characterised by very solid gains followed by corrections and volatility, but ultimate trend is up. Same old chorus of downramping when stock has red days and when the stock has good green days you get ridiculous value predictions. Bottom line is it will be worth more in 12 months if you are PATIENT.
For those unaware of Broker Research SHAW & Partners have covered this stock since early days (like a SP below 80cents) and every time they revise their Research and 12 month target price it has been exceeded on EVERY occasion. They published another report yesterday with TP (12 months) of $15.23.
I guess they could get one wrong but their targets have always been conservative, in my experience. (And if anyone asks for me to publish it - sorry, cannot as part of the SHAWS members terms it is not allowed.)
just my view but if you taking a 2-3 year view you will not be an unhappy investor. It is still early days.
Ann: Zip partners with Harvey Norman, page-314
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Last
$1.44 |
Change
-0.025(1.71%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.48 | $1.43 | $11.15M | 7.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4998 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 6700 | 2 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |