ZML 0.66% 75.5¢ zip co limited

I am a long term holder of this stock and am at a loss to...

  1. 462 Posts.
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    I am a long term holder of this stock and am at a loss to understand why it is hovering around the mid 70 cents.

    Mind you that's not bad for a company that only listed in September, 2015 at 20 cents.

    Do you think it will re rate once management, which appears to be first class and ticking all the boxes, can secure a line of credit from one of the big 4 thus significantly reducing our borrowing costs over night.

    Once this occurs, it would appear that we should pretty quickly move into profitability which is outstanding for such a young start up company..

    Our book appears to be growing very well, our revenues are growing accordingly at approx 8.4% yield, our bad debts our particularly well contained and our costs seem to be also appropriately contained subject to the increase allowed for in the March quarter.

    Happy to hear your thoughts as l think this is a wonderful small cap company with unlimited potential and upside.
 
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