Strong revenue result and shows the effects of raising fees. The bad debt figure for Aus is omitting the y/y arrears and comparing q/q. Looking at the investor reports for the ZMT, you can see why... arrears are much better in Sep than Jun (3.09% of receivables >60 days in Sep vs 3.47% in Jun) though this is a seasonal feature. The corresponding item in Sep 22 was 2.27%.
Nevertheless, if the company can push through fee increases without cannibalising demand, it could make it through to the other side. If the market is pricing in the risk of bankruptcy, I imagine it will lower that risk after today's update.
Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-32
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Last
$1.26 |
Change
-0.010(0.79%) |
Mkt cap ! $1.419B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.26 | $7.825M | 6.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 36170 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 124309 | 5 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$1.26 |
Change
-0.010 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| $1.28 | $1.29 | $1.26 | 1817944 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| ZIP (ASX) Chart |