ZIP 1.54% $1.32 zip co limited..

What can drive SP up?, page-68

  1. 1,010 Posts.
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    To be honest this price action is starting to get concerning - like all BNPLs the company is still reliant on the capital markets for survival - with this many shares out in the open various entities can potentially mess with the price for various purposes. I'm unfamiliar with what happens when you raise capital at $x price, then the on-market price goes a fair bit lower. I know the advantage is you could buy a large parcel of stock that you not be able to do easily on-market, but with this liquidity and level of volume, I think anyone could build a $20 - $50m position fairly easily without shooting the price up too hard. What is their plan for the SPP? Who the f*ck would touch it now??

    I think the company is doing great things and the Quadpay product is a real stand-out, but I hope the company has put a team on doing insto roadshows in the US or something similar to get this stock out in front of people to at least put it on the radar. My assumption is the next set of results will show improvement across the board, so time to get some of this f*cking stock soaked up.
 
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Last
$1.32
Change
0.020(1.54%)
Mkt cap ! $1.481B
Open High Low Value Volume
$1.33 $1.39 $1.32 $22.02M 16.37M

Buyers (Bids)

No. Vol. Price($)
8 162940 $1.32
 

Sellers (Offers)

Price($) Vol. No.
$1.32 29198 3
View Market Depth
Last trade - 16.10pm 13/06/2024 (20 minute delay) ?
Last
$1.32
  Change
0.020 ( 1.55 %)
Open High Low Volume
$1.31 $1.39 $1.31 6256778
Last updated 15.59pm 13/06/2024 ?
ZIP (ASX) Chart
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