lol, nothing supports a $3.5 bil MC, but there it is. Liquid cash declined from $151 mil last year to $121 mil this year, restricted cash rose from $123 mil last year to $231 mil this year, trade receivables rose from $87 mil last year to $100 mil this year and debtors rose from $213 mil last year to $258 mil this year.
Meanwhile, as you said, the ANZ business declined, US business only held ground (who knows, maybe it was because they closed in Canada?) I have not read the report in detail but I bet somewhere in there they will be saying that they are managing credit risk and improving transaction size (which is probably also true)
It also points to a struggle and Mr ZIP is sure to be raising capital or getting into bed with somebody else by way of merger or takeover action.
Had a bet in August last year that ZIP would not be broke before August this year. Accurately predicted the last capital raise. I now predict that ZIPs shares will not be in their current owners' hands in 12 months from now. And the best part is that because of the very large and diverse ZIP shareholding, there is going to be some hairy price action when somebody has a go LMAO
ZIP Price at posting:
$2.67 Sentiment: None Disclosure: Not Held
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