The bad first:Everything Zip borrows to fund loans to consumers it has to pay interest on and, for the six months to December 31 2019, the weighted average interest rate on its borrowings printed at 4.3 per cent. Receivables stood at about $1.2 billion in April.
"All our receivables are funded off balance sheet in warehouse or securitisation vehicles. We see some significant cost reductions available to us in the short to medium term, particularly when you comp us against providers who've been in the market for longer," says Gray.
The good: All good, I hope. IMO.
$10 Party, page-857
-
- There are more pages in this discussion • 770 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.91 |
Change
0.085(4.66%) |
Mkt cap ! $2.417B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.91 | $1.78 | $39.33M | 21.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14157 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 377134 | 14 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |