Yes ZIP will need to raise capital, most tech ideas need a lot of capital to get to profitability.
The question I ask myself is how much more capital will ZIP need to get to profitability?
Simply wall street has it producing a profit of $16m in 2023 fin year,
So maybe a couple hundred mil to get us over the line?
I honestly don't think we need that much more.
Who's going to throw in a couple hundred for discounted shares in a company that could have 20m + users in a couple years. I would suggest a lot of people. Even if interest rates are at a crazy high 2%.
Short term thinking and trading is offering this to the big end of town at a nice discount.
Daily Price Movement / General Discussion, page-42483
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Last
$2.80 |
Change
0.130(4.87%) |
Mkt cap ! $3.655B | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.85 | $2.70 | $42.96M | 15.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55410 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 94755 | 10 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |