ZIP 8.16% $1.53 zip co limited..

Daily Price Movement / General Discussion, page-31423

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    Tree shake, thanks Jeff...




    BUZZ – Jefferies downgrades Zip Co, flags potential share dilution from expansion
    1 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
Last trade - 15.59pm 03/07/2024 (20 minute delay) ?
ZIP (ASX) Chart
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