ZIP 4.66% $1.91 zip co limited..

Expecting another cracking quarter following strong H1 result....

  1. AJ7
    15,726 Posts.
    lightbulb Created with Sketch. 1149

    Expecting another cracking quarter following strong H1 result. Uk numbers will be coming for the first time based on solid foundation laid by Larry n co in U.K.

    Rev: 90 to 100 million
    customers addition: 900k
    TTV: 1.1b $
    BD: less than 2%

    SP imo is oversold based on some crap media articles about competition & US meltdown lately, Zip is still the cheapest stock among pears based on P/S ratio. Fundamentally, the company is stronger than ever with stronger balance
    sheet & receivables.

    Technically, SP is hovering b etween fib 0.625 & 0.786 with only breakaway gap below which is not likely to fill. RSI is as low as it was in Dec when SP touched $5. SP has clearly came out of the recent down trend and daily low volumes are clearly suggesting that SP is getting horizontal here.

    Fed latest press release is welcome by market and Nasdaq is finding support at these levels.

    imo this is decent opportunity to load up/buy back/ invest/trade/topups in zip. Idiots would short zip at these levels.

    https://hotcopper.com.au/data/attachments/3039/3039949-12e09a4fdbb5faac185f03f0ed573499.jpg
 
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$1.91
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