just explain why I thought this cr positive yesterday.
that 150m loan only started 7 months ago and will be valid for another 3 years. there is no urgent reason that zip has to pay off the loan now. they could at least wait after FY result and US rate cut then do a cr at $2.
the exit fee is 69m or 80m according to Tekvest which is almost equal to the interest cost for the next 3 years. then is zip crazy to do cr now to ruin the return to asx200 party?
imo this cr is a perfect timing. we will see a huge diff in our Aug FY report. for example, zip may say exclude all one time spending, they achieve net profit of 1m in FY24. without this cr, FY24 result will be net loss of -10m. zip has paid 11m+ interest for this loan in FY24. pay off this loan can move the paid interest cost to one time spending.
if that really happens, net profit is a big milestone. the value of this achievement worth a lot more than the exit fee.
just explain why I thought this cr positive yesterday. that 150m...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 133683 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |