Ann: Q3 FY22 Results - Zip Accelerates Path to Profitability, page-141

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Zipmonyleft

755 Posts.

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22/04/22

11:24

Post #: 60965837
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Originally posted by siciliavin: ↑

sorry sunshine .....but Banks are the most corrupt, no detailed checks...
....however, charged fees to dead people,
misuse of cash deposit infrastructure,
use of complex corporate structures or shell companies to disguise source of wealth and beneficial ownership of funds,
the purchase of high value assets (such as real estate, boats, artwork) to reinvest or conceal criminal proceeds and convert back to legitimate funds,
breaches of the Anti-Money Laundering and Counter-Terrorism Financing,
overcharging ‘distressed’ customers, money laundering rules more than 23 million times,
linked to an international paedophilia case following the arrest of a notorious Australian sex offender who is suspected of using the bank’s transfer system to pay for live-streamed child abuse videos in south-east Asia
etc etc etc etc etc etc

AUSTRAC’s analysis revealed the banking sector can be susceptible to criminal exploitation which results in significant consequences for customers, investors, the community and the banks themselves.

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Originally posted by bedger: ↑

Bought APT at IPO, sold at $45 and was called an idiot. Shorted APT from just below its high to as low as $90 and Z1P from $12 to as low as $8 (dynamic positions) and was called a bitter moron, particulary from the $150+ APT rampers that still feature on these forums having a dig at poor long suffering Z1P share holders.

All of this was so predictable in the BNPL space - the share price range far less so. Only 14 months ago many investors who hadn't heard of Z1P or APT pre-IPO were talking these BNPL stocks to the moon ("look at the share price you moron"). Regulation, merchant fee pressure and rising bad debts were always going to squeeze margins (I was called an idiot on here and APT forums in the past for suggesting so). That was predictable. When the market would wake up to it, was not.

ZIP has been oversold. The business is indeed in a watershed period where it may well not ultimately survive. That's why its trading at less than a tenth of its recent market cap.

$1 is cheap for what I'd describe as a 60 delta $4 call option expiring in 2024, in effect. I will have a little punt. Growth is going to slow soon, and %TTV debts probably worsen still temporarily, but I suspect they will maintain enough net margin to get there (just).

Sorry so many hindsight "I told you so" commentators on here (where were you in February 2021?), I couldn't resist commenting.

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Preach brothers!!!
ZIP Price at posting: $1.11 Sentiment: Buy Disclosure: Held
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Last $1.41		Change -0.025(1.74%)		Mkt cap ! $1.588B

Open	High	Low	Value	Volume
$1.44	$1.45	$1.40	$12.55M	8.869M

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No.	Vol.	Price($)
3	257666	$1.41

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Price($)	Vol.	No.
$1.41	25972	1

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No.	Vol.	Price($)
3	257666	1.405
14	174074	1.400
12	311602	1.395
10	188000	1.390
6	115214	1.385

Price($)	Vol.	No.
1.410	25972	1
1.415	56756	3
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1.425	167362	4
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Ann: Q3 FY22 Results - Zip Accelerates Path to Profitability, page-141

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Ann: Q3 FY22 Results - Zip Accelerates Path to Profitability, page-141

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