I don't think investors who understand credit are too worried about Z1P's default rates. Other BNPL have reported low default rates because they dont have a higher risk product like ZipMoney. ZipMoney makes up less and less % of Z1P's revenue, especially with the quadpay integration. Default rates will decline, and that will be market expectations. There is no reason why they should stay flat or even increase.
I think investors just need confirmation on the tap & zip impact as detailed by other posters on this thread. The HY and later FY report will provide a clearer picture.
Z1P valuations, page-69
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Last
$1.77 |
Change
0.028(1.58%) |
Mkt cap ! $1.997B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.80 | $1.72 | $25.02M | 14.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 79163 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 71910 | 12 |
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| Last trade - 13.55pm 09/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |