The problem isn't one answer. There are multiple reasons here which I won't go into. But to solely put this on the board isnt the correct one.
I will say the whole BNPL hype train + buying frenzy during the covid lockdown that got us to ridiculous levels($14) has done more damage than anything imo.
The majority of the people buying during this period were the ones trying to make a quick buck, they were never long term, they're actually the ones now pushing the sp down by selling out(most at a loss) and moving their losses onto their next quick money stock/dog coin/jpeg. After we flush them all out I believe the SP can start to repair itself.
Shareholder Returns, page-120
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $3.642B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.81 | $2.74 | $25.49M | 9.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11942 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 30971 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |