Australia's largest stock trading and investment forum Australia's #1 stock forum

ZIP

Click for more information

1.93%

$1.78 zip co limited..

Ann: Q3 FY23 Results Update - ZIP Improves Margins, page-33

First 33 Last

Share
Profile

Follow
bedger

7,533 Posts.

6793

20/04/23

12:34

Post #: 67375215
Share

Originally posted by Goodfella58: ↑

Excellent work as always.

They have only $51 million of cash and liquidity available at quarter end and given the large transaction volumes at an annualised $8 billion plus it will only take a slight detonation in bad debts and increase in funding costs to wipe that blance out.

Bad debts showed a 27% deterioration Q on Q and a 1 % increase in bad debts and 1% increase in funding costs would wipe out that cash balance

ANZ bad debts are now reverting to recent historical highs and trending upwards

You can also expect convertible note holders to be pushing for settlement.

I think CR is inevitable in the next quarter but as stated previously there will be very little appetite from previous hedge funds who relied on liquidity and volatility to support the shorting

Capital raises in the past have been supported by weekly transaction values of between $100 to $300 million dollars but the turnover is now down to between $5 and $20 million dollars so there is very little appeal for hedge funds to get involved.

Expand

ZIP Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

Reply

Top Stories

Nine's staff strike as Paris Olympic coverage begins

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

There are more pages in this discussion • 162 more messages in this thread...

First 33 Last

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

No.	Vol.	Price($)
2	43297	1.765
2	2704	1.760
3	21267	1.755
9	27704	1.750
6	56258	1.745

Price($)	Vol.	No.
1.775	20000	1
1.780	5000	1
1.785	2000	1
1.790	96000	2
1.800	57000	2

Last trade - 16.10pm 26/07/2024 (20 minute delay)

ZIP (ASX) Chart