Wbc has invested 49 mill in Z1p since 2017
They sold the investment for 360 mill.
A profit of 311 mill.
Wbc was hit with the biggest fine in Australian Corporate History earlier this year.
The 311 mill profit will go a long way towards paying that fine.
I believe it to be a frugal move to help clear their books.
I think the move will be good for the Wbc Share price in the long run.
I don't find it bearish for Z1p Wbc sold the stock.
I find it bullish some one was waiting to grab that much stock.
Wbc has a market value of 66 bill
Apt 29 bill
Z1P 3.6 bill.
Z1p has a very bright future.
Wbc are continuing to build their relationship with Z1p.
Ok !! Today Wbc sold out, they will be back in some time soon.
Perhaps in a bigger way than we all imagine.
At 3.6 bill this stock is now very cheap by any ones reckoning.
Westpac sells Zip stake, page-196
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B |
Open | High | Low | Value | Volume |
$1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 104211 | $1.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1190 | 1.460 |
1 | 3250 | 1.455 |
10 | 320692 | 1.450 |
1 | 24221 | 1.445 |
2 | 1150 | 1.440 |
Price($) | Vol. | No. |
---|---|---|
1.465 | 35000 | 1 |
1.470 | 6800 | 1 |
1.475 | 3500 | 1 |
1.485 | 15000 | 1 |
1.490 | 27303 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online