The prospective sale of each was announced long before they were offloaded and the write down of each was brought into the Balance Sheet before the actual finalisation of each transaction. That is what the billion dollar loss was partly about. When the divisions were sold, in some cases there were prices announced that never materialised, and the final transactions were buried in the fine print at the back of the Annual Report, so yes, I guess you have a point - ZIP has announced plenty of BS before, This is slightly different - the write off will be immediate and introduced in this year's Annual Report, without any rah rah about selling the business. How many tens of millions will this cost?
Sale of ZIP Canada, page-49
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Last
$1.27 |
Change
-0.040(3.05%) |
Mkt cap ! $1.430B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.26 | $6.973M | 5.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 87782 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 50296 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.26 | 1921880 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ZIP (ASX) Chart |