ZIP 3.63% $1.29 zip co limited..

There are a huge amount of rubbish going round re Z1p, all in...

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    There are a huge amount of rubbish going round re Z1p, all in the effort of spruiking the SP... The Westpac is buying them rumour is doing the rounds... international expansion too... which is pretty much a waste of time, as their model is far less greenfields in other markets... Brokers and new shareholders are no doubt the cause... but this share is now absurdly overvalued... You can run a revenue multiple if the 2 year forward Net profit figure remotely stacks up, but in this case, there is no profit in sight for the foreseeable future, if ever... The ASX continues to be a toilet.
 
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