Really good to see a strong upgrade from both brokers, in particular Morgan Stanley who upgraded from $7.86 (Jan) to $12.10 (Feb). With positive outcomes from the US stimulus and the likelihood of another NASDAQ selloff reduced we should hopefully see a positive week as both Zip and APT were oversold.
ZIP US growth encouraging:
- Australia remains cash EBTDA positive with the group now Cash EBTDA breakeven.
- Z1P has launched in the UK with a number of marquee brands and pointed to a strong pipeline.
- Quadpay’s 1H21 growth was rapid with TTV (A$973m) and customers (3.2m) both up >200% on pcp
- Quadpay’s net transaction margin remains above 2% and this business has improved group capital efficiency, highlighted by an improving repayment velocity and also revenue yield (25% in Dec vs ~16% in June 2020).
- Z1P is now Australia’s most downloaded BNPL App (Dec20/Jan21) while all key growth metrics, e.g. revenue, and customers etc, grew ~40%-60% for the half.
- Average funding costs reduced from 4.7% to 3.9% due to a lower average rate across the AU portfolio.
Z1P continues to trade at a significant PS discount to APT (20x vs 35x). Based on a number of Peter's interviews over the past few days it does sound like a US listing is likely as they want to close the valuation gap whilst also ensuring the best outcomes for investors![]()
- Forums
- ASX - By Stock
- ZIP
- Broker ADD - Shaw ($15.36): Morgan S ($12.10)
Broker ADD - Shaw ($15.36): Morgan S ($12.10)
-
- There are more pages in this discussion • 91 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
$2.30 |
Change
0.205(9.81%) |
Mkt cap ! $2.848B |
Open | High | Low | Value | Volume |
$2.20 | $2.30 | $2.17 | $29.83M | 13.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 65404 | $2.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.30 | 420891 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 136576 | 2.260 |
30 | 233093 | 2.250 |
25 | 336127 | 2.240 |
17 | 117527 | 2.230 |
11 | 210739 | 2.220 |
Price($) | Vol. | No. |
---|---|---|
2.270 | 164661 | 18 |
2.280 | 286052 | 28 |
2.290 | 335944 | 27 |
2.300 | 707386 | 44 |
2.310 | 129989 | 13 |
Last trade - 11.58am 28/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online