I feel sorry for anyone sucked in by the uprampers but despite impressive growth in KPI the company continues to destroy tangible shareholder value and losses are continuing to increase.
If I was one of those buying in all the way up to $14.50 on the back of a press release in Capital Letters about Zip cementing itself as a msjor player when the company knew full well they were going to report a near half billion dollar loss a few weekas later.....then I would seriously be holding management to account.
If the financial figures were released at the same time as the KPI numbers the stock would have fallen 40 percent from those levels and trading in the $3-4 range.
Of course that would not be to good for the boys at Quadpay who have 112 million shares coming out of escrow in a few weeks.
If that was not bad enough we had "rumours" of a Nasdaq listing and USA investor road show .
When the company was issued with an ASX speeding ticket they did nothing to quash those rumours and FOMO buyers chose to believe them as fact.
In my post above I highlighted the gap at $8.68 so it depends how it reacts there to offer holders another chance to exit the stock on a rally or double down for in my opinion would be a short term trade
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Last
$3.14 |
Change
0.190(6.44%) |
Mkt cap ! $4.099B |
Open | High | Low | Value | Volume |
$3.03 | $3.20 | $3.02 | $54.05M | 17.38M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 27580 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.14 | 137294 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 27580 | 3.130 |
6 | 44809 | 3.120 |
4 | 293716 | 3.110 |
15 | 156346 | 3.100 |
8 | 198262 | 3.090 |
Price($) | Vol. | No. |
---|---|---|
3.140 | 137294 | 3 |
3.150 | 235692 | 17 |
3.160 | 195192 | 10 |
3.170 | 333538 | 9 |
3.180 | 225374 | 11 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |