$78.5M takes them through to FY23 cash EBTDA profitability.....contrary to comments above.
Unless you think the situation suddenly reverses, i.e. their reduction in bad debt ratios and cash transaction margins now slowly creeping higher (controlled costs) ZIP just makes it through to see its business positive cash flow and operationally profitable, after the recent debt restructure.
I loaded up on stocks and calls in the $0.60's. Sold a little at $0.90+ as a matter of discipline in trading, but on deeper analysis buying back now this stock is down. ZIP a good little earner for those that don't mind a little volatility.
Think retail are a bit too obsessed with opaque earnings update and having to work out falling costs themselves. Its a trading update people, they are always opaque.
Larry has the vernacular of a used car salesman, but the business metrics speak for themselves.
$78.5M takes them through to FY23 cash EBTDA...
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Last
$2.96 |
Change
-0.060(1.99%) |
Mkt cap ! $3.864B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.00 | $2.91 | $20.97M | 7.100M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15999 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.97 | 99192 | 8 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |