market value apt based on P/S whereas CBA on P/E so no comparison here...sek reported 9% drop in ebit whereas CBA reported 11.9% drop in underlying profit...sek terribly hammered today whereas CBA is still pretty....ALU showed 10% growth in profit & SP hammered on annual report...these are all Apple & oranges.
zip bad debt is a concern but it is not necessary if zip improves it’s bad debt from 2.24 % to 1.1% with the likes of apt then market will value ZIP with P/S ratio of 25 & by 25 means zip fair value becomes 15$. For once, I would like to see market trading zip fairly.
UBS still shorting APT with 25$ as they believe APT bad debt is 14% of the average gross loan. See below
UK launch & Zip biz -Next Month, page-262
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Last
$2.22 |
Change
-0.080(3.48%) |
Mkt cap ! $2.881B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.31 | $2.17 | $30.91M | 13.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9455 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 40207 | 4 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |