Ah yes - and he should also brush up more on the difference between cash and non-cash items on P&L and Balance Sheet. Zip wrote-off the intangible value of the Quadpay brand name as it doesn’t exist anymore, they didn’t pay $43m in cash to get some posters and t-shirts made with the new name. Further, you’ll likely see a larger increase in the intangible value of the Zip brand name in next year’s accounts as it now incorporates the value of their US business. I don’t think everyone investing in stocks needs an accounting background, but you can see the danger with high-growth companies in not understanding the difference between cash and non-cash items.
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$1.66 |
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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15 | 74562 | 1.660 |
23 | 162997 | 1.655 |
14 | 155606 | 1.650 |
19 | 181328 | 1.645 |
15 | 124225 | 1.640 |
Price($) | Vol. | No. |
---|---|---|
1.665 | 66069 | 20 |
1.670 | 71600 | 14 |
1.675 | 155610 | 15 |
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