You do know that we have regulatory body in Australia called ASIC who makes sure that every large company (greater than 250 employees) have to conduct annual audit on its financial statement? Zip every year conduct financial audit & submit report to ASX & this is a norm since IPO & by the zip has never been complacent!!
Here is another LIE FROM YOU....zip reporting bad debt as a % of receivables book not TTV....Your grand son can do the maths for you if you asks him to divide “write off” by “receivable book” x 100!!! Since you r a “CERTIFIED LIER” I am hoping you are not destroying your grand son life by continuously Lying to him that he is adopted.
Referring to slide # 41 of Investor presentation‘S credit performance: zip net bad debt is 2.52% started to increase from March onwards which was historically at 1.3% to 1.8% in previously years and the only reason is pandemic. Once economy starts to resume bad debt % will bring back to same previous levels.
Same slide again, on the other hand zip customers has shown real strength and bring down arrears from 1.89 to 1.3%.
Quadpay acquisition is a genius move, zip landed into a 5 trillion dollar retail territory by paying a P/S ratio of merely 4 whereas market as of today paying the P/S of zip at 10 & APT 30.
SZL and zebbit (to be) have come to Australia because of the BNPL boom & awareness created by APT & ZIP in US. Recent validation of our BNPL sector is PayPal which is listed company is US and will raise in future to fund its growth in US. Here you are DELUSION, giving credit to one company for the same reason you are discrediting others. The credit cards once widely accepted by the world were merely start up with ppl like you were biased to use paper money over credit cards are now defending credit cards over BNPL. You are an old school.
Enjoy yourself few days with nasdaq retracement till zip comes back and kick you ole fat arse!!
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