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

ZIP

Click for more information

1.50%

$2.62 zip co limited..

The Bear Room, page-3030

First 3030 Last

Share
Profile

Follow
stonks92

4,801 Posts.

506

27/08/24

18:40

Post #: 75401098
Share

Originally posted by Tekvest: ↑

It's hard to know. I still reckon they don't have any money to do anything - have a look at that restricted cash - 97% up in a year, while receivables are down 7.4%. BNPL is going to keep on having problems with regulators everywhere and that will also stifle growth. They may have the advantage of harnessing their database and earning off it other than from BNPL or credit regulated loans, but they are in a sea of competitors and will most likely remain small unless they get a chunk of money or come up with a new business plan. They will need to be taken over or get their hands on some serious bucks to grow IMO, but there is some trouble in store - when the rate cuts come through, as they are guaranteed to - it could coincide witha market correction, consumers shutting their wallets and bad debts rising as the economy bites.

This is what they reported as their profit and they got there as they needed to:

Brief Explanation of the Above Figures Please refer to the Review of Operations for an explanation of the results.

The profit for the consolidated entity after providing for income tax amounted to $3,657,000 (30 June 2023: loss of $377,015,000).

Expand

Almost $1 billion of revenue with only peanuts left over. It truly is a not for profit.

ZIP Price at posting: $2.09 Sentiment: Sell Disclosure: Not Held
Upvote

2 Great analysis

Reply

Top Stories

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 439 more messages in this thread...

First 3030 Last

Add ZIP (ASX) to my watchlist

(20min delay)
Last $2.62		Change -0.040(1.50%)		Mkt cap ! $3.420B

Open	High	Low	Value	Volume
$2.68	$2.68	$2.53	$33.12M	12.77M

Buyers (Bids)

No.	Vol.	Price($)
3	68790	$2.62

Sellers (Offers)

Price($)	Vol.	No.
$2.63	264643	10

View Market Depth

No.	Vol.	Price($)
3	68790	2.620
1	1000	2.610
15	128628	2.600
11	342605	2.590
8	168469	2.580

Price($)	Vol.	No.
2.630	264643	10
2.640	95656	7
2.650	362179	11
2.660	214180	9
2.670	120645	4

Last trade - 16.10pm 03/10/2024 (20 minute delay)

ZIP (ASX) Chart