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.
Wbc has invested 49 mill in Z1p since 2017They sold the...
-
- 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)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
-0.030(2.17%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.34 | $4.272M | 3.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 80112 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 78505 | 14 |
View Market Depth
| Last trade - 12.06pm 21/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |