ZIP 10.3% $1.45 zip co limited..

So you don't agree that the directors negotiated to forgive the...

  1. 7,715 Posts.
    lightbulb Created with Sketch. 985
    So you don't agree that the directors negotiated to forgive the remaining Convertible Notes debt and convert it under a 'Liability Management' exercise (does that terminology suit you better lol?) You don't agree that the company had a $90 mil overdraft, refinanced it to a $150 mil limit last December for provision of additional working capital and ongoing expenditure, then maxed it out on the same day? You don't agree there are unknown expenses such as the cost of borrowing which ZIP does not divulge to its shareholders or the market? Maybe you know what the rates and margins are, you can share them and they won't be unknown. And the costs and loss of revenues for seemingly shuttering a whole country division - not actually announced yet lol

    What does today's share price have to do with any of that anyway? Are you getting very nervous about your impulse buying of ZIP shares at over inflated prices? I think it will be a long time and a hard lesson learned.
 
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Last
$1.45
Change
0.135(10.3%)
Mkt cap ! $1.633B
Open High Low Value Volume
$1.33 $1.46 $1.30 $29.57M 21.35M

Buyers (Bids)

No. Vol. Price($)
2 11630 $1.45
 

Sellers (Offers)

Price($) Vol. No.
$1.46 92904 6
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
$1.45
  Change
0.135 ( 9.52 %)
Open High Low Volume
$1.32 $1.46 $1.30 6943845
Last updated 15.59pm 14/06/2024 ?
ZIP (ASX) Chart
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