ZIP 5.26% $1.08 zip co limited..

6.80-7.20 new range for next 12 months

  1. 465 Posts.
    lightbulb Created with Sketch. 48
    Seems the sp is stuck in this 6.80 to 7.20 range
    Good news for long term holders. Terrible news for those who bought at 12+ and hoping for a rebound so they can bail out.
    Ongoing selling from shares out of escrow, increase in shares lender to Shorters from the Singapore warrants cap raise will both put negative pressure on SP over 12 month imho. Increased losses in the half yearly results may really spook investors that additional cap raising needed, conversely if they get their financials improved it will increase confidence (my guess losses are being magnified which is why they need to raise so much cash last 12 months)
    i think an acquisition into major markets of China, Japan, s Korea who have large ecommerce install base will bring positive news. Also the q 3 results of the UK are coming. That will likely show high growth off a very tiny base and no major retailers announced in UK is a bad sign for UK operations)
    the risk of inflation news looks like a gren reaper and that is holding SP down for all tech stocks but particularly zip and apt. The gains of affirm have not been seen in apt and zip

    Good luck to all holders but I think there will be better performing stocks over the next 12 months compared to zip and apt. Sorry for all those holders who bought high. Might be a good time to sell. Realise your tax losses and move to a better performing company sp over the short term. Aimo.
 
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Last trade - 13.57pm 19/04/2024 (20 minute delay) ?
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