Australia's largest stock trading and investment forum Australia's #1 stock forum

ZIP

Click for more information

1.30%

$1.14 zip co limited..

Ann: Q2 FY22 - Zip momentum continues, page-126

First 126 Last

Share
Profile

Follow
gops

10,352 Posts.

819

20/01/22

11:50

Post #: 59004543
Share

Originally posted by Goodfella58: ↑

You really don't get it do you..

You keep falling for the fluffy headline numbers issued by the company.

Why don't they publish the USA bad debts and arrears they have those numbers at their fingertips on a daily basis.

A fall in gross transaction margin and increase in bad debts as measured against transaction volumes as a far greater impact on bottom line than a small saving in interest expense as this only forms a small part of their overall expenses.

On a 10 billion annualised sales a 18 percent reduction in gross transaction margin from 7 percent to 5.8 percent reduces income by $120 million.

On the same metrics as bad debt was running at 47.84 per cent of nett distributable income at last financials a 18 percent increase in bad debts pushes this to 56.5 of distrutable income.

Bad debts at last financials was $94 million in sales of 3.4 billion

On an estimated ten billion sales bad debts will be in the region of $260 million which will dwarf any saving in interest expense.

Bear in mind if the USA bad debt was not horrible they would publish it.

on these metrics it's only a matter of time before they go bust.

Expand

Lol..,net distributable income when Zip is not a profit making concern till now

Z1P Price at posting: $3.58 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 127 more messages in this thread...

First 126 Last

Add ZIP (ASX) to my watchlist

(20min delay)
Last $1.14		Change -0.015(1.30%)		Mkt cap ! $1.295B

Open	High	Low	Value	Volume
$1.15	$1.15	$1.14	$174.5K	152.9K

Buyers (Bids)

No.	Vol.	Price($)
10	112431	$1.13

Sellers (Offers)

Price($)	Vol.	No.
$1.14	65579	11

View Market Depth

No.	Vol.	Price($)
1	1529	1.205
1	25000	1.200
2	19713	1.190
4	1200	1.170
3	10351	1.160

Price($)	Vol.	No.
1.035	7617	5
1.100	1150	1
1.110	15388	4
1.115	224	1
1.125	11505	12

Last trade - 10.10am 04/06/2024 (20 minute delay)


Last $1.12			Change -0.015 ( 2.78 %)
Open	High		Low	Volume
$1.14	$1.14		$1.12	479242
Last updated 10.29am 04/06/2024 ?

ZIP (ASX) Chart