Broker Research, page-142

Please try and read what I have written without your inherent biases. My entire analysis was based on the Shaws forecasts. That is why I asked you (previously - to which you never responded) who posted the report and then @Jdmoney later on what your opinions were of the Shaws report. I have provided my analysis of my key concerns if what Shaws are forecasting comes to pass - and you have indicated they are a very reputable broker with a strong track record when it comes to Zip.

So I repeat, if what Shaws are forecasting comes to pass, I would place a valuation on Zip of less than $5.40. Hopefully for Zip shareholders the future is more like that described by @SebbyV. IMO a lot of this will depend on whether Zip can successful pivot away from their ANZ model and keep Quadpay as a pure play pay in 4 model and at the same time successfully compete with the more established players in the US.