If you go back to the recent ZIP capital raising of $217 mil before costs to discharge the $90 mil corporate facility, you will see Jonathon Higgins, one of ZIPs most consistent spruikers in a youtube video detailing ZIPs business turnaround. He placed a lofty and seemingly hard to see price target on ZIP, discussed the US expansion in detail and was most effusive in every respect, in his capacity as Head of Research at Unified Capital Partners.
He is also the Managing Director of Unified Capital Partners, which was the co lead manager with Goldman Sachs of the $217 mil (before undisclosed costs) of the dsicharge of the $90 mil corporate overdraft facility. Far out, it is difficult to imagine how much money Unified and Jonathon may have earned from the transactions surrounding. Fees you could not jump over, stock issues and the capacity to publicise your professional opinion as a researcher that the stock is ready for takeoff
Marcus Padley 'On the Couch', The Australian, AFR, AFR Boss (at least 8 features). None of them were wrong, all of their projections came to pass, but the business is still on its knees, with no sign of relief.
ZIP Price at posting:
$3.19 Sentiment: None Disclosure: Not Held
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