Not so sure. The announcement is good but nothing special. Anyone who thought this would reach $8 (Did I see $10 floating around?) doesn't really understand the materiality of these type of announcements.
This is more of a "slow-and-steady" impact that will likely lead to a stronger relationship between Z1P and consumer. But given that the pay-anywhere function charges no merchant fee means the SP was never going to rocket. The revenue benefit will flow through other means. Perhaps through higher purchasing frequency (of merchants that are charged fees) as the customer relationship builds?
Ann: Zip unlocks everyday payments with Tap & Zip, page-99
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Last
$3.25 |
Change
0.140(4.50%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.27 | $3.09 | $45.60M | 14.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8794 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 36106 | 6 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |