No one will buy zip at anything like current prices.
Its a massively loss making company with over a half billion dollars of debt and any acquiring company would have to fund ongoing hundreds of millions of losses in 13 different territories.
Present market cap is over 2.5 billion so in effect anyone acquiring at present prices would need to fund more than $4 billion in my view for a bunch of largely financially challenged customers and non exclusive merchants.
Zip tangible book value is about 30 cents a share whereas Humm a profitable company is valued at only $440 million and trading at book value.
If Zip drips to same value as HUMM or around 70 cents then someone may be interested
Daily Price Movement / General Discussion, page-41816
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Last
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 58215 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |