Based on my recent chat with Larry Diamond, he is intending to have road shows in Middle East as well with a potential launch of Zip in Middle East & Canada. We will see these launches this year.
ADRs to be offered in US for investors based on high growth rate of the company & upside potential compared Affirm, afterpay & Klarna. There is a rumor that a big investor is onboarding zip similar to Tencent for APT along side ADRs.
Forward looking bad debts are going to minimized with huge growth in receivables & target is to keep rate bad debt under 2%.
Technically there is a blue sky in front of zip since SP has successfully smashed previous ATH. Fundamentally, zip is 80% CAGR across the board with BD & arrears are shrinking due to credit checks. With vaccine on the horizon & economy is booming this year expected growth rate can be over 100%.
Those who believed in zip and held through tough times are going to reap. Those are getting to start will reap because zip has just taken off and this time media & instos are on side.
WBC sold us out at 6.75$, had they waited for couple of months we would have been at 15$ by now. Bitter past is behind us & we are entering in new markets & potential US investors along ZIP.
Road shows/US investors/ Middle East & Canada Launch
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Last
$1.50 |
Change
0.085(6.03%) |
Mkt cap ! $1.684B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.50 | $1.40 | $22.39M | 15.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16337 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 255886 | 9 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |