Making hay while rivals exit the industry
After years in the wilderness, is 'buy now, pay later' back in vogue?
If the Zip Co Ltd (ASX: ZIP) share price is anything to go by, it is.
The finance stock has climbed a jaw-dropping 226% since early October.
BW Equities equities salesperson Tom Bleakley noted the impressive numbers coming out of the business.
"The company delivered a strong 2024 second quarter result. Revenue of $225.6 million was up 26.1% on the prior corresponding period.
"The revenue margin improved to 8.2% in response to competitors leaving the industry."
For him, Zip shares are a buy because the BNPL industry is set to boom as the world recovers from rising interest rates and cost-of-living pressures.
"Zip is a growth story leveraged to a relatively strong consumer economy."
Making hay while rivals exit the industryAfter years in the...
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Last
$1.29 |
Change
0.000(0.00%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4154 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 668 | 1 |
View Market Depth
| Last trade - 09.39am 06/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.000 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.29 | $1.28 | 56000 | ||
| Last updated 10.02am 06/05/2024 ? | |||||
| ZIP (ASX) Chart |
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