You could be right but do you remember when bank were going to give free interest on credit card to fight bnpl, the SP dropped, then people realised that the bank would indirectly charge for their free interest, where is that magic credit card now?? To the bin!! Now we get CBA with another trial, yes it will again hurt the SP, my opinion is it already did, but we need to see what CBA is going to offer before saying that Z1P is dead.
Now one big fact is that yes the SP is volatile, but the growing of Z1P has been great, constant, even mentioned as one of the best recently.
Another fact is UBS low valuation, then they bought higher than their valuation ! Why? Funny we cannot downramp as HC rule but clearly UBS can....
Another fact is that it is not just Z1P but the whole sector that is down.
So, trully, I am not an economist and would love to say it will go back up, but I have no idea at 100%, but there are still plenty of good side about Z1P.
No advice, all imo....now waiting for recovery to re enter but I won't play the downramper!
Chart - Z1P, page-7349
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Last
$1.59 |
Change
-0.103(6.05%) |
Mkt cap ! $1.791B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.59 | $31.90M | 19.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 118122 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 24214 | 15 |
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| Last trade - 14.29pm 15/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |