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$2.96 zip co limited..

I'm calling it! This is the bottom !!!!!, page-178

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Zipmonyleft

755 Posts.

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16/03/22

17:16

Post #: 60231826
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Originally posted by mondyinvest: ↑

Not sure it’s supposed to be funny, it’s just a statement of my opinion based on readily available information:

Made a ($652M) loss in FY21
Made a ($172M) loss in H122
Bad debts were close to 50% of operating income in the most recent half
They could only raise $148.7M from institutions (barely enough to cover their bad debts for the previous half, and not even one half’s loss)
Share price is already almost 25% down from the raise price at $1.90, and 35% down from when the CR was announced at $2.21 just weeks ago
They are attempting to acquire a company in an even worse position than Zip is in, whose 'Merchant Interest programme' is Sezzle basically borrowing from their merchants, trying to act like a savings account – they owe US$96.5M to merchants as at 31/12 (as the AFR recently noted, what would happen if these merchants got nervous about Sezzle’s financial position, and all wanted their money back at once?)

Sorry... but no point sugar-coating it. I really do see a failed business model, one last throw of the dice, and a real probability this goes to zero or de-lists inside 12 months. I’m not here to sledge or gloat, I truly feel for people who have poured savings into this and are underwater – but I really can’t believe retail holders are on here talking about “topping up” or “loading the truck” at $1.20 or $1.00 or whatever. Honestly, why throw good money after bad? I can only imagine there were holders at $4.00 thinking “I’m so far down, no point selling now”. Yet here they are in the mid-low $1’s. Is there a real chance this keeps falling under $1.00? Absolutely. Look at Zebit, soon to be delisted. In FY21 they did US$116.6M in revenue… and their market cap is less than A$5M! Doesn’t matter how much revenue you’re doing, if the business model doesn’t work, it will go bust.But every rational person here knows this…@Goodfella58 has been saying this for months if not years now. People topping up are just asking for more punishment, it's truly sad to watch. GL.

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Sooooo how much do you get paid for posting?

Your really good at this.

I love how much time you spent on this.... do you do resumes?
Z1P Price at posting: $1.43 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.96		Change -0.060(1.99%)		Mkt cap ! $3.864B

Open	High	Low	Value	Volume
$2.96	$3.00	$2.91	$20.97M	7.100M

Buyers (Bids)

No.	Vol.	Price($)
2	15999	$2.96

Sellers (Offers)

Price($)	Vol.	No.
$2.97	99192	8

View Market Depth

No.	Vol.	Price($)
2	15999	2.960
7	53590	2.950
3	26000	2.940
3	15000	2.930
8	48078	2.920

Price($)	Vol.	No.
2.970	42700	4
2.980	41500	3
2.990	87998	3
3.000	70178	11
3.010	14331	2

Last trade - 16.10pm 01/11/2024 (20 minute delay)

ZIP (ASX) Chart

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