The market cap is irrelevant, as it's all based on speculative buying from a new legion of "Covid/Lockdown" investors/gamblers who did not have the first clue how to value a company or analyse it's prospects and headwinds.
Zip is a prime example of how NOT to run a company as they made every mistake it's possible to make and then compounded that by not learning from those mistakes.
Sceptics will argue that any one with basic level maths grades could forecast that it was impossible to make a profit and the company itself could see that customer usage would never generate sufficient revenue to cover customer acquisition costs.
You need to draw your own conclusion but Directors have cashed out to the tune of hundreds of millions on the back of what was always a hopeless business plan.
- Forums
- ASX - By Stock
- ZIP
- I'm calling it! This is the bottom !!!!!
I'm calling it! This is the bottom !!!!!, page-326
-
-
- There are more pages in this discussion • 77 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
$1.95 |
Change
0.070(3.73%) |
Mkt cap ! $2.461B |
Open | High | Low | Value | Volume |
$1.90 | $1.95 | $1.89 | $16.91M | 8.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 28700 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.95 | 426508 | 67 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 110959 | 1.940 |
15 | 96838 | 1.935 |
20 | 278703 | 1.930 |
15 | 150245 | 1.925 |
12 | 128282 | 1.920 |
Price($) | Vol. | No. |
---|---|---|
1.945 | 55431 | 13 |
1.950 | 473933 | 66 |
1.955 | 165971 | 22 |
1.960 | 420406 | 28 |
1.965 | 382055 | 19 |
Last trade - 13.59pm 15/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online