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$1.36 zip co limited..

Yep, it's an eventual zero.

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maxybro

2,702 Posts.

475

19/05/22

15:57

Post #: 61505077
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Originally posted by Lobbster77: ↑

Here are the plain facts:
Half yearly accounts (released 25/2/21) Pg 11

H1FY21 income 160m (increase 132% from H1FY20), bad debts 29.5m (increase 27% from H1FY20)
H1FY21 bad debts as % of income is29.5/160 = 18.4%

Half yearly accounts (released 28/2/22) Pg 13

H1FY22 income 301m (increase 88% from H1FY21), bad debts 148m (increase 401% from H1FY21)
H1FY22 bad debts as % of income is 148/301 = 49.1%

...and we haven't even added in for bank fees and data 56.2m (accounting for 18.6% income H1FY22).
...bank fees and data rose 117% YoY.

I am not being lazy.
These numbers are horrific.

What business model can survive with two critical costs (totaling over 67% of income) exponentially growing FASTER than revenue??

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Yep, it's an eventual zero.

ZIP Price at posting: 87.3¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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(20min delay)
Last $1.36		Change 0.053(4.01%)		Mkt cap ! $1.470B

Open	High	Low	Value	Volume
$1.33	$1.37	$1.33	$4.506M	3.336M

Buyers (Bids)

No.	Vol.	Price($)
10	66528	$1.36

Sellers (Offers)

Price($)	Vol.	No.
$1.37	119667	3

View Market Depth

No.	Vol.	Price($)
6	19876	1.365
13	93720	1.360
10	100295	1.355
10	51040	1.350
8	60579	1.345

Price($)	Vol.	No.
1.370	32592	11
1.375	152258	19
1.380	283696	17
1.385	74459	7
1.390	217947	18

Last trade - 10.36am 07/05/2024 (20 minute delay)


Last $1.36			Change 0.053 ( 4.63 %)
Open	High		Low	Volume
$1.34	$1.37		$1.34	500927
Last updated 10.56am 07/05/2024 ?

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