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$2.38 zip co limited..

Zip did a layoff on 5th April 2022, page-89

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Fastback6666

2,016 Posts.

719

06/04/22

14:39

Post #: 60689480
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Originally posted by Goodfella58: ↑

I'm not sure which part you don't understand.

Theur nett transaction margin is almost zero and trending towards negative.

Every dollar of income is negated by interest costs, processing costs and bad debts.

It does not matter how much GMV they create as they will never put a dent in the losses even if they cut overheads from 300 million to $150 million it's still a $150 million loss.

Then they have the expense of rising interest rates and impending legislation.

The entire business model does not work, has never worked and will never generate a profit

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Rubbish

Z1P Price at posting: $1.47 Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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(20min delay)
Last $2.38		Change -0.040(1.65%)		Mkt cap ! $3.068B

Open	High	Low	Value	Volume
$2.43	$2.46	$2.34	$21.15M	8.833M

Buyers (Bids)

No.	Vol.	Price($)
69	306343	$2.37

Sellers (Offers)

Price($)	Vol.	No.
$2.38	74908	11

View Market Depth

No.	Vol.	Price($)
89	217930	2.360
51	288615	2.350
32	297045	2.340
25	321618	2.330
25	273935	2.320

Price($)	Vol.	No.
2.370	353409	48
2.380	351947	33
2.390	322597	30
2.400	222663	21
2.410	172487	14

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