ZIP 1.93% $1.78 zip co limited..

100% Upside rally loading provided..., page-48

  1. 1,099 Posts.
    lightbulb Created with Sketch. 652
    How can this possibly become profitable?

    Off the 6% charged to the merchant, 3.4% of this 6% margin is consumed by bad debts, the bad debts are higher than the revenue produced.
    working off a 6% margin with 56% of it consumed in write offs, this leaves 2.6% for the running of the company.
    This is the biggest trash statement the board have made, the crazy thing is investors like you believe it.
    no business I know can become profitable off such small margins with bad debts, zip is screwed
 
watchlist Created with Sketch. Add ZIP (ASX) to my watchlist
(20min delay)
Last
$1.78
Change
-0.035(1.93%)
Mkt cap ! $2.246B
Open High Low Value Volume
$1.81 $1.81 $1.74 $30.57M 17.25M

Buyers (Bids)

No. Vol. Price($)
5 110725 $1.77
 

Sellers (Offers)

Price($) Vol. No.
$1.78 29116 4
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
ZIP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.