I think they will but it looks as though they have enough cash to keep the doors open at present................that's it. I thought they had run out before but they had spent a bucket of it ($20 mil) to tip toward the corporate loan to pay it down before 30 June (I reckon they got shaken down by Ares Capital) and it was reimbursed by the CR. They will need to generate enough cash to keep on topping up that restricted cash facility which serves as security for their loan book of $2.6 bil. That is constantly eaten by bad debt write offs and the environment is getting tougher as households are putting old spending down the list of priorities. And they need to try to keep getting market share. Will be tough I reckon and will be interesting to see what comes next, but they are going to need a lot of additional capital unless their ambition it to become a small business.
- Forums
- ASX - By Stock
- ZIP
- The Bear Room
The Bear Room, page-2850
-
- There are more pages in this discussion • 363 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.26 |
Change
0.150(7.11%) |
Mkt cap ! $2.950B |
Open | High | Low | Value | Volume |
$2.16 | $2.31 | $2.15 | $45.55M | 20.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 46195 | $2.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.27 | 279980 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 46195 | 2.260 |
9 | 85373 | 2.250 |
8 | 350600 | 2.240 |
5 | 177433 | 2.230 |
7 | 188875 | 2.220 |
Price($) | Vol. | No. |
---|---|---|
2.270 | 279980 | 5 |
2.280 | 2000 | 1 |
2.290 | 223731 | 6 |
2.300 | 56946 | 10 |
2.310 | 190474 | 6 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |