The best time to do a Cap Raise is when the company doesn't need it. Zip is doing well, they didn't need the extra funds.
But why not get them when the timing is right? It opens up opportunities.
The worst time to raise capital is when the company really needs it. You never get good deals in desperation. Zip wouldn't have to raise it at 5.50$ early this year if they didn't run out of money. Clearly undervalued, created easy money for institutions at that time.
We'll find out on Friday, but I hope for another Quadpay-like acquisition!
The best time to do a Cap Raise is when the company doesn't need...
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Last
$1.82 |
Change
0.075(4.30%) |
Mkt cap ! $2.050B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.82 | $1.72 | $39.81M | 22.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 126671 | 13 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |