This article highlights how ridiculously overvalued APT is but the same arguments can be made for BNPL players as they adopt a dog eat dog approach and reduce margins and increase Opex.
https://iml.com.au/news-and-views/insights/sharemarket-correctly-pricing-fundamentals
Zip is valued at over $4 billion on a fully diluted basis and I can't see them ever making a profit unless they are last man standing and they have to topple APT Klarna and PayPal for that.
Z1P - The Rise To $15.00, page-876
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Last
$2.28 |
Change
-0.100(4.20%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.49 | $2.27 | $58.79M | 24.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 127436 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 42424 | 3 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |