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22:21
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Originally posted by Peter_C:
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re debt, what you said is just common sense, nothing specific to ZIP. Could you work out the level of interest rate at which ZIP's gross profit will become zero or negative? Will we see that interest rate in the foreseeable future? It's just like borrowing money from the bank to buy a property, do you believe many people will go bankruptcy or pay off the loan in the future? We have evidence showing that ZIP's US revenue is increasing at >30% yoy and interest rate is decreasing there. AU situation is not ideal, so could be a risk here (but it's paying off its debt from 2.32B three months ago to 1.9B now). So I think it becomes more resilient to more interest hike (if any).
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Dividend makes zero sense when you have massive debt.
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