Because Zip is funded almost entirely by shareholders. They bought the founders their cars, houses, business premises, and the other companies. The business doesn't make money. Printing shares is the cash cow.
I do feel Zip is now a cautionary tale for the ASX on investor relations. Drop the ball, and the excitement is gone. Without sentiment, your shares have no value (unless they pay divvies). They dropped the ball early, and are now stuck in a messy dilution cycle.
At the next CR, they're gonna have to print enormous amounts of shares with this very low SP, so the cycle continues.
Look after your investors (not just the sophisticated, but also retail), or become the #1 untrusted stock of the ASX
- Forums
- ASX - By Stock
- ZIP
- Worst stock of 2021
Worst stock of 2021, page-80
-
- There are more pages in this discussion • 29 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
(20min delay)
|
|||||
Last
$3.38 |
Change
-0.120(3.43%) |
Mkt cap ! $4.412B |
Open | High | Low | Value | Volume |
$3.43 | $3.51 | $3.36 | $58.50M | 17.15M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 358810 | $3.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.39 | 58756 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 357923 | 3.380 |
16 | 239054 | 3.370 |
26 | 172161 | 3.360 |
40 | 307248 | 3.350 |
6 | 97426 | 3.340 |
Price($) | Vol. | No. |
---|---|---|
3.390 | 58756 | 2 |
3.400 | 43934 | 5 |
3.410 | 57932 | 3 |
3.420 | 142753 | 6 |
3.430 | 276412 | 5 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |