They’re already struggling to add users compared to their peers. Growth is beginning to slow down and competition is only heating up. As competition heats up margins will be squeezed and ZIP will find it self falling more behind, especially in the USA.
A buy back at current levels will only allow ZIP to purchase less than 2% of current shares on issue. Inefficient use of capital and doesn’t bring any notable value to current shareholders.
ZIP Price at posting:
$1.90 Sentiment: Sell Disclosure: Not Held
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