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
$1.85 |
Change
0.070(3.94%) |
Mkt cap ! $2.335B |
Open | High | Low | Value | Volume |
$1.81 | $1.91 | $1.80 | $45.22M | 24.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7500 | $1.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.85 | 211147 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5200 | 1.830 |
17 | 303586 | 1.820 |
6 | 48585 | 1.815 |
10 | 224045 | 1.810 |
7 | 453889 | 1.805 |
Price($) | Vol. | No. |
---|---|---|
1.845 | 211147 | 7 |
1.850 | 219122 | 7 |
1.855 | 139323 | 3 |
1.860 | 291913 | 5 |
1.865 | 143562 | 3 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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