Australia's largest stock trading and investment forum Australia's #1 stock forum

Ouch! I wonder why they went into it when the VWAP discount...

First 950 Last

Share
Profile

Follow
leasx

3,199 Posts.

350

19/04/22

14:51

Post #: 60914096
Share

Originally posted by J708P: ↑

Z1P - I bought them a while ago and held on hoping. Now I've lost more to them through this SPP. Challenging times ahead for them.

OnMarket just said:
"Last week we completed the sale of the Zip Co Ltd (ASX: Z1P) SPP shares for an average price of $1.305, representing a loss of 11.80% on the trade. Notwithstanding the fact that Z1P’s share price has continued to weaken (opening at $1.22) this is a disappointing result.

In light of this and as a show of good-faith, we have made the decision to refund 3 months equivalent of your Annual or Monthly Account Fee. This will be processed as a ‘fee reimbursement’ directly into your Interactive Brokers account in the next few days. We are also actively looking at ways to improve the SPP Application process to lessen these occurrences and will communicate with you further on this in due course."

Expand

Ouch! I wonder why they went into it when the VWAP discount wasn't worth it. People will be fuming given the fees they have to pay.
Upvote

0 Great analysis

Reply

Top Stories

AII

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

ENR

Encounter's Aileron recon success 'illustrates how much more still to be found'

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

TRS

Don't cry that it's over: The Reject Shop shares to disappear on Wednesday

First 950 Last

SPONSORED BY