Zip chief financial officer Gordon Bell said that the fee had been set at 4.9 per cent of its market capitalisation, at a time the company was trading at around one-fifth of its current market cap of $1.8 billion. Retiring the debt will save Zip $22.5 million in annual interest, given the facility had a fixed annual interest rate of 15 per cent.Outlook for Cash Position Post-Raising:
✅ Strengthened Balance Sheet: The capital raising will significantly strengthen ZIP’s balance sheet by reducing the corporate debt facility, thus lowering interest expenses and financial risk.
✅ Enhanced Liquidity: With the early repayment of debt, ZIP will have improved financial flexibility to pursue growth opportunities and navigate market challenges.
✅ EPS Accretive: The transaction is expected to be earnings per share (EPS) accretive for ZIP shareholders in FY25, meaning it will likely increase the company’s earnings per share.
- Forums
- ASX - By Stock
- ZIP
- $3 SOON
$3 SOON, page-295
-
-
- There are more pages in this discussion • 609 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B |
Open | High | Low | Value | Volume |
$2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11942 | $2.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 30971 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2857 | 2.780 |
8 | 74759 | 2.770 |
6 | 75873 | 2.760 |
38 | 487615 | 2.750 |
17 | 328900 | 2.740 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 30971 | 2 |
2.800 | 211817 | 15 |
2.810 | 445497 | 7 |
2.820 | 251492 | 13 |
2.830 | 29800 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |