ZIP 1.79% $1.28 zip co limited..

They are snowing you yourhero. Have a look at their financials...

  1. 7,148 Posts.
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    They are snowing you yourhero. Have a look at their financials and look for the EBITDA reported in this article. ZIP is all get up about EBTDA, its own tailored hare brained new fangled terminology reserved for commercial real estate. Convert the 1.4% bad debt into reality - almost 20% of income. Want to focus all day on top line sales and revenue and ignore the fact that sales and expenses equalled each other in the last half year? Before all the other stuff that created a fat loss? Before the entry for a gain that created a profit? More smoke and mirrors in that then you could dream up yourself. Growth?They have the brakes on while they try to work out how to get to break even, all facilities are maxed out, there's nowhere to go. They have done well to come back from the edge and they had no choice but to take whatever was available to them, but now they are going back toward building up debt at the same time that they need to build a profitable business model without spending. The industry will consolidate and hopefully somebody will pay a good price for its resources.
 
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Last trade - 12.50pm 21/05/2024 (20 minute delay) ?
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