People will want to keep their standard of living and due to the higher costs of food and energy they will struggle to pay for birthday/Christmas presents etc..
I have been on the fence about buying into ZIP due to fear of them going into administration.
However after the last quarterly report I am now confident that their cost control measures and revolving credit facility is adequate to reset and take advantage of this new environment we are in.
IMO I see this being a multi-week runner, lots of traders will scalp and take their 5% however I am very confident this will bring home multiple bags from here. (Not Ramping)
Not financial advice
DYOR
The Great Theo has spoken
Inflationary pressures & cost of living = ZIP Growth
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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 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |