Seems to be a theme on HC where investors simply just focus on the share price, rather than the underlying business. In the first half, ZIP turned over 6$6.5 billion in TTV and was only able to produce a profit of $23 million. As a financial services provider, you don’t need to be a rocket scientist to work out it’s significantly overvalued. Hence why we have seen a 50% decline in the share price since the beginning of the year.
ZIP Price at posting:
$1.76 Sentiment: Sell Disclosure: Not Held
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