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
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $1.481B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.39 | $1.32 | $22.02M | 16.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 162940 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 29198 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.32 |
Change
0.020 ( 1.55 %) |
||||
| Open | High | Low | Volume | ||
| $1.31 | $1.39 | $1.31 | 6256778 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| ZIP (ASX) Chart |