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.
Yes ZIP will need to raise capital, most tech ideas need a lot...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |