Interest rate cuts are in response to recessionary environment.
Zip save 0 5 percent interest on circa 2 billion warehouse facility equating to $10 million but write off an extra 100 basis points on 10 billion sales due to recessionary pressures produces an overall negative to bottom line of $90 million.
The Bear Room, page-2851
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Last
$3.30 |
Change
0.045(1.38%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.37 | $3.28 | $10.08M | 3.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 18118 | $3.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 36657 | 10 |
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| Last trade - 10.29am 19/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |