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ZIP - Zip Co Limited

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ASX Announcement today which the market liked and currently up 6.9%
24/07/2019 9:57:51 AM Quarterly Report

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844
 
Z1P share price kicked up following ASX announcement today

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20/08/2019 9:37:17 AM Zip debuts on the global stage, acquiring PartPay

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Maybe the Zip model is better.
It's harder to use the first time for users but once in may be more profitable.
 
ASX ann today 22/08/2019 9:41:41 AM FY19 Full Year Results Announcement

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Bought last month

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Well done @bigdog

I don't know why I didn't get on to this in Aug 2018. I got on in April but missed a big chunk that would have had me holding double the volume.
Added some more yesterday and it's up and running again today.

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I like the share trajectory of these buy now pay later companies, but their business model worries me, maybe I'm just the nervous type. As usual, I will probably miss the biggest opportunity, in a lifetime.
 
Boggo said:
Yes, there is a bit of a dotcom mentality.
Online stores are loving them though and that's the new era I guess.
Click to expand...
To me, it just seems like another way so people can spend more than they earn. From an investors perspective, at least the banks have a caveat on something, do these companies have much as collateral against the loans?
These companies, just seem to be lending money, on the chance people will be able to pay it back.
Just my opinion, but bankruptcies, may end up as the end result.:2twocents
 
Z1P shares finished the day 7.5% higher at a record high of $5.19 and shares are now up a massive 372% since the start of the year. The 12 month low was $0.89 in Oct 17, 2018

The 2019 Full Year accounts (30/09/2019) reported a 138% increase in revenue to $84.2 million thanks to a 108% lift in transaction volume through its platform to $1,128.5 million. This was driven by an 80% increase in customer numbers to 1.3 million, a 54% jump in partner numbers to 16,000, and a whopping 154% increase in transactions processed to 4.8 million.

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ASX announcement today
30/10/2019 8:27:08 AM 8 Quarterly Report uploaded

Bad news was
Net bad debt write-offs (bad debts written-off less bad debt recoveries) stood at 1.68% at the end of the quarter. This compares to 1.63% at the end of the fourth quarter of FY 2019. Gross bad debt write offs were 1.95%, compared to 1.82% in the prior quarter. And reported arrears were 1.75%, compared to 1.89% at the end of the previous quarter.

There was a reduction in its cash EBTDA as a percentage of average receivables which fell from 2.2% in the fourth quarter of FY 2019 to just 1% in the first quarter.

Management advised that this was result of its revenue yield sliding ever so slightly from 17% to 16.8% and a rise in cash cost of sales and cash operating costs. The latter was driven by growth initiatives.

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The company achieved record quarterly revenue of $31 million. This was a 107% increase on the prior corresponding period and a 15% lift on the previous quarter.

Zip Co also more than doubled its receivables and transaction volume during the quarter. Receivables increased 118% on the prior corresponding period to $783.6 million and quarterly transaction volume lifted 111% to a record of $402.1 million.

This was driven by a 55% lift in merchants to 17,890 and a 66% jump in customer numbers to 1,414,584. The latter was despite the company closing 57,331 accounts as a result of a one-off exercise to close aged accounts with zero balances.

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Attachments

  • Z1P quarterly report Oct.pdf
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My two cents as per tipping comp
T's & C's.
1. Z1P recently acquired ASX300 status
2. While I suspect it may go a bit lower yet than close of 3.76 today,
the general upward trend seems to point to it hitting 6.00 or thereabouts in a relatively short period of time.
3. It's not a stock, it's a yo-yo
4. Not financial advice above, do your own research.
F.Rock
 
Some stocks are like stairways up to a magical higher place,
others are like tumbleweed, an occasional bounce but generally just rolling along aimlessly,
and then we have stocks that behave like lemmings, they jump off a cliff for no good reason.
So to say most stocks are yo-yos?, now, that's not really true at all...:roflmao:
F.Rock
 
Yes, I'm very exited about the Z1P-Amazon arrangement. This should dramatically increase the revenue Zip processes, and Amazon Australia is still pretty new, so we could get decades of growth out of this.
 
Three ASX Announcements today
29/11/2019 9:55:06 AM Capital Raising Overview (uploaded file)
29/11/2019 9:11:31 AM Trading Halt

The company is aiming to raise $50 million through a non-underwritten placement to professional and sophisticated investors and a $10 million through a share purchase plan

Zip Co intends to raise the funds at an offer price of $3.70 per share. This represents a 5.6% discount to its last close price.

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29/11/2019 10:06:36 AM AGM Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02179699

I hold
944
 

Attachments

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  • Z1P Capital Raising Overview.pdf
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