Bad debts at 1.99 seems to be at the precovid levels, receivables at $1.1 billion not growing beyond March level implies that zip is focusing at zip pay rather than zip money. During the normal growth period bad debts is diluted by new growth, hence this is not a worry at all. Zip model is designed to absorb 3 percent bad debts level as per earlier reports from the management. Anything below it is just adding to performance.
Bad debts at 1.99 seems to be at the precovid levels,...
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Last
$1.88 |
Change
0.030(1.63%) |
Mkt cap ! $2.373B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.95 | $1.87 | $25.30M | 13.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 68338 | 6 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |