ZIP 2.34% $1.46 zip co limited..

So they have said in latest quarterly they are expecting losses...

  1. 523 Posts.
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    So they have said in latest quarterly they are expecting losses in line with previous losses of 2.6% of TTV. That's 109 million in losses per half based on a 4.2 billion half year transaction value.
    Multiplied by 2, that's a 218 million annual loss.
    They had about 330 million in the bank from the last quarterly update; implying they have approx 18 months runway from March 2022 to get positive.
    Unfortunately 18 months gets them to September 2023
    They will run out of money by Sept 2023 give or take a month. And will absolutely have to do another capital raise.
    This would suggest this is the end for Zip yeah?
    Just super bad timing Inna way with the looking recession rising rates and high inflation. That's not what has killed them what's killed them is the share price collapse and now unable to raise additional funds as needed without massive share dilution...

    This is why the regulators should have stepped in to limit short activity
 
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