Yeah fair enough, I guess time will tell.
would
I think the share price was largely due to the macroecomic environment, and the large debt (convertible notes etc) that Zip had, and I think it was irrationally low at that stage - hence why I bought lots at that share price.
Maybe the share price rising to current levels was due primarily to the US figures in the reports, but I'm not entirely convinced - I think the business overall has just steadily improved, and the macroeconomic environment is improving, and the stock was well overdue on a rerate back to more reasonable levels.
I still think Zip is vastly undervalued at the current share price though.
Anyway, I'll be interested to see all the upcoming reports and particularly the annual report/the EBTDA for the full year.
I have no intentions to sell until interest rates have been cut at the very least
$2 PARTY, page-8166
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$1.68 |
Change
-0.205(10.9%) |
Mkt cap ! $2.126B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.82 | $1.68 | $60.43M | 35.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 245391 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 16750 | 3 |
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| ZIP (ASX) Chart |