Just a bit of idle speculation stonks, those articles about ZIPs turnaround story were too weird for me and they coincided with the end of the FY when those portfolio managers are trying to get their funds bulked up to reap the management fees.
Then ZIPs SP goes kapow out of nowhere. To draw a comparison the big boys have muscled in on Cettire soon after E&P Capital put out a valuation as they did ZIP............. In the case of Cettire they are shorting the life out of it while the holders reckon the shorters are getting burned.
For ZIP there are several choices - the market is excited about its future prospects and ZIP has managed to assuage everyone in secret about the challenges of new regulation, higher for longer interest rates, no let up of inflation, etc, or there is a pump, or there is a takeover...................I reckon you could pick your conspiracy theory, but there is something going on IMO
Feel free to add any other theories lol
The Bear Room, page-2204
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Last
$2.28 |
Change
-0.100(4.20%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.49 | $2.27 | $58.79M | 24.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127436 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 42424 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |