ziptrade
Short

Downgrade Zipmoney to Sell, Price Target 20c (not advice)

ASX:Z1P   ZIP CO LIMITED
Looks like bankers got greedy again, bigshort 2.0.

A short for any season, fuck winter(s), come to sunny cali

yield @ 17% = no profit when costs are 15% +

simple math :

$300m > 17 -15

especially when the markets expecting 20-25
last day of qtr- not even the fund managers wanted it on their books at end of QTR - exit stage right and short it and/or its peers

These stocks will be used as funding sources for the latitude IPO - also its probably been 2 years since listing so id check the vesting conditions of the seed/founding shareholders and promoter shares
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