SZL - Sezzle Inc.

[Knobby22]

If anyone ever takes any notice of broker forecasts again, then they deserve to lose every cent. From $12 to 1c. Why would you even publish it? Just exposes your incompetence.

Anyway,

Yes, stunning. to be fair they though they were merging with Zip, but still....looks terribly incompetent, maybe they were conflicted, involved in the deal?

The model is broken with rising inflation and much higher interest rates.

 

[Austwide]

$12 to 1c when was that written, currently around 20c

 

[Dona Ferentes]

What's SZL doing; up 90%

 

[peter2]

Trading halted ~3pm. Something's up. ZIP is also up plenty along with the rest of this sector.

 

[Dona Ferentes]

Up? And away!

 

[galumay]

Sooner or later the regulators will realise who the SZL customers are and the ponzi will collapse. In the meantime...last resort banking for sellers of bongs & dildos looks to work.

 

[Dona Ferentes]

Still can't convince me ... up 12%

March Business Update

Top-line Growth and Lower Loss Rates lead to 3rd Straight Profitable Quarter

Purpose-driven installment payment platform, Sezzle, is pleased to provide the market with an update on key financial metrics for the quarter and month ended 31 March 2023.

“Driven by the outperformance of our credit losses, we are running ahead of our plan for profitability in 2023, and this, before our next group of initiatives take effect,”. “We believe the next round of initiatives will result in at least US$10.0M in revenue and cost benefits, and we expect to begin seeing these benefits in the second half of 2023.”
- Charlie Youakim, Sezzle’s Executive Chairman and CEO

 

[System]

SZL was removed from the ASX's Official List on 16 January 2024.

 

[Knobby22]

SZL was removed from the ASX's Official List on 16 January 2024.

View attachment 169122

Probably a smart move.
Reduces compliance costs. i think high interest rates though have ended this model.

 

[galumay]

So ends up one of the bigger rorts and destruction of shareholder value on the ASX.