Ann: Balance Sheet Strengthening to Support Profitable Growth, page-153

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Samyouel

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14/06/23

21:27

Post #: 68289949
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Originally posted by coppergaz: ↑

it has clearly showen in the last 12 months,,,

hmmm 12 months ago

● zip operated in 14 regions around the world
now only (ANZ & US) - not to mention closing a core market (UK)

● zip was trying to convince everyone of the cost synergies of its pending merger with sezzle (thats in the bin with the $11M paid to sezzle to cancel the merger)
(sezzle now seem to be out in front and listing on daq)

● zip trade and trade plus touted as stong verticals to zip business (both have been wound up)

● zip promoted its customer numbers at 11.4M (unknown to most this was not measured to the industry standard) to find in the next report that the number is only 7.5M (a 33.33% drop)

● zip US customers post changing the measurement have falling from 4.1M to 3.9M (down 8% YOY) this is the market zip pumps as its biggest potential yet customer number are dropping!

● bad debts for anz region in the following 2022 update was 87M (3.82%), 12 months later its looking to be over 100M (current 4.24%) AU bad debt ae getting worse!

● zip has raised funds on 2 occasions in the last 12 months further diluting the share register.

● zip has again raised its fees to the customers in an attempt to find profitablity. zip US now has an equivalent APR of up to 198% on some purchases.

● zip seemed to have celebrated the outcome of regulation in AU as the already do credit checks vs it main competition (afterpay) who dont....
but always curious to whats wrong with zips credit checks when their bad debt / ttv is 2.56% vs afterpay at 0.7%.

● over zips shoulder is the Banton group class action.

GO ZIP!

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Don't forget the rising interest rates, destruction of personal savings and upticking demand destruction.

People on the hopium who are bag holding with an average of $2.50+ purchase price are truly asshole'd here in my view.

They want the price to go TO THE MOON, but not for the long term prospects of ZIP, just so they can dump their holdings onto some other unsuspecting sod.

Last edited by Samyouel: 14/06/23

ZIP Price at posting: 49.0¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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Last $2.42		Change 0.010(0.41%)		Mkt cap ! $3.159B

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Ann: Balance Sheet Strengthening to Support Profitable Growth, page-153

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Ann: Balance Sheet Strengthening to Support Profitable Growth, page-153

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