How can this possibly become profitable?
Off the 6% charged to the merchant, 3.4% of this 6% margin is consumed by bad debts, the bad debts are higher than the revenue produced.
working off a 6% margin with 56% of it consumed in write offs, this leaves 2.6% for the running of the company.
This is the biggest trash statement the board have made, the crazy thing is investors like you believe it.
no business I know can become profitable off such small margins with bad debts, zip is screwed
How can this possibly become profitable?Off the 6% charged to...
-
- There are more pages in this discussion • 93 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
$1.36 |
Change
-0.020(1.45%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.34 | $24.60M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45993 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 386131 | 13 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |