People are only fixated on growth and disruption... Beyond the franking credit debacle,most haven't noticed Z1ps external cost of funds for the half year, circa $9m, were basically equal to their cost of write offs - also circa $9m for the same period... And thats really only telling under half the story, as the age of these receivables are like 150 days past delinquent, so they relate to a book, circa 12 months ago, when the book was $200m ... not $500m... so Z1p are actually writing off around 10% of their book p.a and this is being entirely masked by growth... ask growth slows, this business is swamped with further arrears ... If you have a business that is trending to 18% of book as topline growth, but is losing 10%+ of that straight away to write offs, 5-6% then used to fund the debt... you only have 2-3% to run the business... utterly flawed economics.
People are only fixated on growth and disruption... Beyond the...
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 290528 | 11 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ZIP (ASX) Chart |