Cheers for the info. I know from previous reading that NAB (at least in part) funded the 2017-1 trust notes.
Given ZIP are facing the BBSW + 6% interest at maturity, would it even be viable for ZIP to roll this over with the current rises in interest rates?
Say they do roll it over at a new rate (assuming NAB want this exposure), would their immense cash burn and mountain of loans ($2.3billion worth) nuke their business?
With consumers being beaten down and less money to flow into discretionary items, is ZIP looking at some real cash flow trouble over the next 12-15 months as their debts mature?
Ann: Zip Welcomes Industry Regulatory Reform, page-186
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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 |