Ive only had a super quick look at todays Q report and only had a look at the anz bad debts (I will double check my figures over the weekend). it appears the chopping and changing of how bad debts is measured has once again worked against them.
so heres what I see (should get the bulls excited)
ANZ Bad debt in dollar value. (as per Q reports when released)
Q4 2023 = ~ 29.8M
Q1 2024 = ~ 27.5M
Q2 2024 = ~ 22.6M
Q3 2024 = ~ 20.4M
Q4 2024 = ~ 14.7M
Thats a massive drop from 1 year ago. reduced by 50%.
It has come at a cost with lower TTV, transactions, Customers, receivables.... im not sure how zip will grow from here in the anz market. Possibly some fee increases to keep revenue going up, but its a fine line to retaining customers.
anyhow, point is, its a very significant drop in bad debts considering its the seasonality peak for zips bad debts and the external economic environment.
as always I give credit where credit is due.
Ann: Trading Halt, page-208
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11942 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 30971 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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