I think anyone buying Zip now ‘hoping’ for a recovery is totally foolish.
The current share price (and valuation) pretty much speaks for itself.
Now factor in slowing growth, margin compression, bad debts, competition, NIL moat, general operational expenses, inflation, higher lending costs and a management team with absolutely no clue…….. Then I would say there would be material concern this business can remain solvent.
I also hear investor relations can no longer be contacted. That’s generally your first sign of trouble ahead.
All in my opinion.
Daily Price Movement / General Discussion, page-46141
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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 |