The Stock of the Day is: Zip Co (ASX: ZIP) - 27.08.24 (edited)

Описание: Zip Co (ASX: ZIP) has posted a full year loss of $449,000, an improvement on FY23 loss. Cash gross profit was up 53% on the year to $373M. As of 30th of June, Zip had 6 million customers, down slightly on FY23. The company does not have a dividend policy. Our experts, Francesco De Stradis from Ord Minnett and Kai Chen from MPC Markets, share their views on the stock. Kai points out that Zip used to be a hot stock but shares have tumbled, however the business has been restructured and this is the first year in profit. He notes too that the issue is that the market is not seeing the growth expected. Francesco says Zip has come good with these results after seeming "to be destined for the scrapheap" in 2023. He says that short-term weakness in the share price could create some buying opportunities. So will lit be a buy, hold or sell?

Watch the full episode here: https://ausbiz.co/thecall-2708

Stocks covered on today's episode of 'the call':
Origin Energy (ORG)
Fortescue (FMG)
Hub24 (HUB)
IPD Group (IPG)
Brambles (BXB)
Nufarm (NUF)
Graincorp (GNC)
Redox (RDX)
Qube Holdings (QUB)
Iress (IRE)

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