You need to have products priced at such a level and volume that they generate enough income to cover all your expenses and leave enough gap to make a profit. ZIP has huge costs of borrowing, bad debt expense and overheads and is nobbled by its fees - it can't charge enough to do it and if it gets too popular the admin and collections can't be controlled. The fees are going up to try to cover the shortfall
Zip Co remains popular with savvy customers as it narrows loss by 60pc, page-7
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |