Thats a silly argument ZIp is being priced as a growth stock not as a bank.
Banks typically trade at 1 to 1.5 times book value.
On similar metrics Zip would be 18 cents.
What I am saying is growth is going to become very expensive and the top line figures will be meaningless as they will be spending a dollar to make a dollar which is not what Banks do.
Daily Price Movement / General Discussion, page-32541
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Last
$2.86 |
Change
-0.070(2.39%) |
Mkt cap ! $3.733B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.94 | $2.84 | $22.38M | 7.773M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2347 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 36501 | 3 |
View Market Depth
| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |