Tree shake, thanks Jeff...
BUZZ – Jefferies downgrades Zip Co, flags potential share dilution from expansion1 October 2021 5:20 am* Brokerage Jefferies downgrades Australia's Zip Co to "hold" from "buy", flags dilutive effect of share issuance* Jefferies finds the "buy now, pay later" co has a lot of potential shares to be issued to various stakeholders, which could increase shares on issue by 15%* Z1P's global expansion effort appears to be mainly funded by issuance of shares/options, which would be dilutive - brokerage* Brokerage also cuts price target to A$7.43 from A$8.28* Adds larger rival Afterpay's agreement with U.S. retailer Fashion Nova, which is one of Z1P's largest merchants in the country, will limit growth potential for Z1P* Z1P closed at A$7.06 on Thursday, 1.29% higher, but losing 6.74% this quarter* Five of ten analysts rate the stock "buy" or higher, two "hold" and three "sell" or lower; their median PT is A$7.95 – Refinitiv Eikon data* Stock up 33.46% so far this year, as of Thursday's close(Reporting by Harshita Swaminathan in Bengaluru) (([email protected])© 2021 Thomson Reuters. Click for Restrictions.
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Last
$1.53 |
Change
0.115(8.16%) |
Mkt cap ! $1.768B |
Open | High | Low | Value | Volume |
$1.43 | $1.58 | $1.42 | $26.26M | 17.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49990 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.30 | 8000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19990 | 1.630 |
5 | 25156 | 1.605 |
5 | 230265 | 1.600 |
1 | 226 | 1.575 |
5 | 120737 | 1.570 |
Price($) | Vol. | No. |
---|---|---|
1.375 | 75956 | 1 |
1.445 | 8384 | 4 |
1.450 | 33367 | 5 |
1.465 | 26428 | 4 |
1.475 | 42 | 1 |
Last trade - 15.59pm 03/07/2024 (20 minute delay) ? |
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