Love to save money
This is what Gordo says....Back in the black
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.
$3 SOON, page-489
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |