Want to hear from more brokers and see what they think. Ord Minnett style glowing commentary....
Buy-now-pay-later provider Zip's capital raising makes a lot of sense to Ord Minnett. That's because it eliminates around A$150 million of expensive debt and will save Zip some A$22.5 million of interest. It also removes the overhang of the exit fee associated with the loan. Analyst Phillip??? Chippindale highlights that Zip is issuing 12.7% more shares in the raising, but FY 2025 cash Ebitda is forecast to improve by 26% on a pro forma basis. "We would expect consensus revenue and earnings forecasts to be improved on the back of today's quarterly update and the announced capital raising," he says
Ann: Trading Halt, page-228
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.399B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $20.48M | 6.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 58531 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.37 | 97710 | 29 |
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| Last trade - 13.38pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |