At June 30 they had $275 mil cash of which $124 mil was restricted. Of the remaining $155 mil, $95 mil is regarded as unavailable - to fund floats and transactions, so they had $57 mil at their disposal and no further capacity to draw down, having successfully negotiated a reduction in facilities. The corporate facility of $90 mil is due for repayment in December 2023, but may be extended to March 2024. They have acknowledged that they are reliant upon refinancing the corporate facility and improved cashflow to continue or there may be a 'material uncertainty' to continue
Zip Co remains popular with savvy customers as it narrows loss by 60pc, page-211
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$2.26 |
Change
0.150(7.11%) |
Mkt cap ! $2.950B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.31 | $2.15 | $45.55M | 20.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46195 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 279980 | 5 |
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