Could not agree more @Goodfella58. Bad debts is only one side of it. The fact they’re now openly pivoting towards cost cuts is as good an admission that ‘growth at all costs’ is not sustainable in this market; nobody will throw good money after bad to let them go on like this. No one has seen value at $5, $4, $3, $2 (so far). Where are the ‘becoming a substantial holder’ notices? It’s crazy looking at people still defending Zip, blaming shorters and calling on moderators etc. Just read the announcement your own company just released: it’s there in black and white (and purple). First they want to grow all over the world and expand into 14 countries, now they want to cut costs and apparently become profitable in a short timeframe. Oh, and likely dilute the register to death by scrip-merging with Sezzle to try and get scale/synergies too. Which one is it?
Ann: HY22 Results Update, page-76
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Last
$1.59 |
Change
-0.105(6.19%) |
Mkt cap ! $1.808B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.59 | $26.10M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 68311 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 75767 | 20 |
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| Last trade - 12.43pm 15/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |