The BNPL industry promised great profits through disruption. Those promises were not fulfilled and now the industry is rushing to leave behind BNPL and simply lend, like others , but at high rates, with high fees to merchants. ZIPs danger of bankruptcy passed some time ago but there is only a slim chance of making a small profit and it would be several years away. I believe the industry will ultimately have only one or two survivors, more in the shorter term and the best result for ZIP holders would be to extract the highest price possible from a t/o. The alternative is for the SP to languish for years as ZIP struggles to pay its debts. Additional capital.would only mean debt repayment, it presently has no way of deploying capital efficiently.
ZIP Price at posting:
87.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)