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The Syrah Resources Ltd (ASX: SYR) share price looks set to end the week with a disappointing decline.

In early trade, the graphite producer’s shares are down over 7% to $1.17.

Why is the Syrah share price sinking on Friday?

The weakness in the Syrah share price on Friday has been driven by the release of an announcement this morning.

According to the release, the company has been struggling to ship its product from the Balama Graphite Operation in Mozambique due to container ship shortages.

The release explains that approximately 12kt of natural graphite sales from Balama were planned to ship from the Port of Nacala in late September. However, container shipping market disruption means that this has been delayed to October.

As a result of this disruption, third quarter natural graphite sales are only expected to be 17kt. This compares to its previous guidance of 29kt for the quarter.

One positive, though, is that the weighted average sales price for the September quarter is expected to be higher than the June quarter.

Another positive is that management expects container shipping constraints impacting its sales and operations to ease through the fourth quarter. It notes that additional vessel capacity and container equipment for East Africa is being added.

This may allow the company to take advantage of the strong demand and forward contracting for Balama products it is experiencing. Management advised that its sales order book is currently underpinning 45kt of natural graphite sales in the fourth quarter. Furthermore, there is additional spot sales demand evident.

Looking further ahead, management appears confident that demand will remain elevated for some time to come. This is due to outlook for electric vehicle and anode demand remaining strong. It highlights that monthly global electric vehicle sales reached 0.5 million units in August, which represents over 100% growth year on year. Whereas Chinese anode production was ~60kt in August, up 50% over the prior corresponding period.

The Syrah share price is up 19% in 2021 despite today’s decline.

The post Why the Syrah (ASX:SYR) share price is tumbling 7% lower today appeared first on The Motley Fool Australia.

More reading

• Syrah Resources (ASX:SYR) share price slumps on US$24.9 million loss

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bank of Queensland Limited (ASX: BOQ) share price has been struggling this week. BOQ shares had fallen by around 2.5% between Friday and Wednesday. It’s down around 1% in early trading today.

Whilst each bank has its own buyers and sellers, there has also been volatility for other banks in recent times such as National Australia Bank Ltd (ASX: NAB), Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Bendigo and Adelaide Bank Ltd (ASX: BEN).

Has anything happened to BOQ?

This week, it was reported by the Australian Financial Review that ME Bank could get a penalty of up to $100 million for criminal charges.

It is alleged by ASIC that ME Bank made “false and misleading representations in letters to borrowers, and failed to notify customers when repayment rates changed.”

Why does this impact BOQ? The regional bank recently acquired ME Bank. Apparently BOQ found out about this during the due diligence stage, before the acquisition. It has reportedly already paid remediation of more than $100,000 for this matter.

ME Bank appeared in court on Tuesday and is expected to return in November.

Of course, the $100 million figure is seemingly the maximum that could be applied.

How important is ME Bank for the BOQ share price?

If a $100 million fine were applied, it would be a large chunk of ME Bank’s annual profit. BOQ bought ME Bank for $1.325 billion and this was 11.9x ME Bank’s FY20 cash underlying earnings.

BOQ decided to buy the bank to create a compelling alternative to the big banks. Management called the acquisition transformational and strategically aligned.

It will deliver “material scale”, broadly doubling the retail bank and providing more geographic diversification. As the name suggests, Bank of Queensland has a weighting towards the Sunshine State.

BOQ noted there is a clear pathway to a scaled, common, cloud-based digital retail bank technology platform.

In financial terms, management think ME Bank is compelling. It’s expected to add to cash earnings per share (EPS) in the low double-digits to mid-teens when including the full run-rate synergies in the first year (being FY22).

It’s also expected to add to return on equity (ROE) in cash terms by over 100 basis points, including the full run-rate synergies in the first year.

Referring to the synergies that BOQ mentioned, it’s anticipating annualised pre-tax synergies of between $70 million to $80 million.

Do analysts rate the BOQ share price as a buy?

Macquarie Group Ltd (ASX: MQG) is one of the brokers that currently rates BOQ shares as a buy – and there are several buy ratings at the moment.

The broker has a price target of $10 per share on the bank. That suggests that the BOQ share price could rise more than 5% over the next 12 months. The broker likes the acquisition of ME Bank.

Based on the FY22 earnings estimates from Macquarie, the broker puts the BOQ share price at 13x estimated profit. The projected grossed-up dividend yield for FY22 is 7.2%.

The post Why the Bank of Queensland (ASX:BOQ) share price is struggling this week appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The JB Hi-Fi Limited (ASX: JBH) share price is gaining today amid the release of the company’s annual report detailing its chair and CEO’s positivity toward FY22 following a “strong year” and despite “ongoing uncertainty”.

Within the report, the electronics and consumer goods retailer looked back on a financial year in which it achieved record earnings despite the challenges posed by COVID-19. However, the company is seemingly reluctant to say if the current financial year is expected to be so productive.

Right now, the JB Hi-Fi share price is $44.97, 0.29% higher than its previous close.

Let’s look at how financial year 2021 (FY21) played out for JB Hi-Fi and what it expects to achieve in FY22.

No guidance despite strong FY21 and confidence for FY22

The JB Hi-Fi share price is in the green today. Meanwhile, the retailing megalith, which operates both JB Hi-Fi and The Good Guys stores, has released its overview of the financial year just been.

The company’s chair, Stephen Goddard, and its newly instated CEO, Terry Smart, noted FY21 was a challenge for the retailer. However, its business model saw it performing better than ever before.

The pair said the company continued to meet demand despite ongoing challenges posed by the pandemic. They put FY21’s successes down to the company’s continued focus on its customers and competitive advantage from its multichannel offerings.

Over FY21, consumer demand for JB Hi-Fi and The Good Guys products increased. Meanwhile, the retailers took orders online, over the phone, and, when possible, in store.

As JB Hi-Fi reported in its financial year 2021 earnings, the company achieved record profits over the financial year just been. The JB Hi-Fi share price gained 2.5% on the back of its FY21 results, released on 16 August.

Over the current financial year, JB Hi-Fi will be focusing on improving its online stores. The company’s online segments received $780 million in sales last financial year.

It will also be innovating and diversifying its product offerings, supply chains, merchandising formats, and advertising and property locations. Goddard and Smart believe this approach will bring opportunities to increase revenue, margin, and productivity.

However, despite the productive plan, the company has continued to decline giving investors an outlook for financial year 2022. This was said to be due to the uncertainty facing the retail sector.

Instead, Goddard and Smart commented they have “confidence in the outlook for the business [and] look forward to another successful year in FY22”.

JB Hi-Fi share price snapshot

Despite JB Hi-Fi’s “strong” FY21, the company’s share price has been struggling.

It has fallen 10% since the start of 2021. It is also 5% lower than it was this time last year.

The post JB Hi-Fi (ASX:JBH) share price up amid ‘confident’ outlook for FY22 appeared first on The Motley Fool Australia.

More reading

• The JB Hi-Fi (ASX:JBH) share price is down 9% in a month. Is it a buy?
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• 5 things to watch on the ASX 200 on Friday
• How have ASX retail shares performed during the August 2021 earnings season?
• Why the JB Hi-Fi (ASX:JBH) share price is edging lower today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The biggest cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) hog the limelight in the mainstream media.

However, there is one digital currency that’s risen as much as 17 times its value from the start of the year. In fact, by valuation it’s now the 3rd largest cryptocurrency.

In Australian dollar terms, Cardano (CRYPTO: ADA) started 2021 at around 22.8 cents. But earlier this month it touched the $4 barrier.

DeVere Group chief executive Nigel Green said this is only the beginning.

“I believe we can expect Cardano to hit fresh all-time highs, reaching more than US$4 ($5.48) by the end of 2021.”

As of Friday morning, Cardano was valued at $3.32.

Cardano’s growth catalyst just happened

Cardano, unlike Bitcoin, is a system that actually performs a function, rather than just acting as a store of value. 

The Cardano blockchain network allows the implementation of digital contracts. 

Last weekend a major upgrade dubbed ‘Alonzo’ was rolled out, which Green expects will act as an impetus for further growth.

“This overhaul will allow smart contracts to be built on the network, making the Cardano blockchain even more attractive to even more users,” he said.

“The major upgrade will give those who don’t necessarily have technical backgrounds the opportunity to create smart contracts. Smart contracts are pieces of code that allow individuals to enter financial agreements without the need for a centralised party.”

Cardano’s cryptocurrency is actually called Ada, but the public has adopted the system name to refer to the tokens.

While Ada’s value has cooled off this week in line with other cryptocurrencies, its real-life utility will help its long-term valuation.

“There’s no doubt that smart contracts are going to revolutionise most sectors including finance, real estate, legal, healthcare, and gaming,” said Green.

“This is why Cardano is increasingly attractive for forward-thinking investors.”

Shared heritage with Ethereum

Cardano’s utility is similar to Ethereum, which also facilitates smart contracts.

This is no coincidence, as Cardano’s founder Charles Hoskinson is also a co-founder of Ethereum.

The Motley Fool US’ Katie Brockman reported this week that, for now, Ethereum has more real-world uses.

“Ethereum is… home to non-fungible tokens (NFT) and the decentralised finance (defi) movement,” she wrote.

“Of course, this doesn’t necessarily mean Cardano won’t find ways to outperform its competitors down the road. It is still a relatively new cryptocurrency with room for growth. Also, cryptocurrency isn’t a zero-sum game, so it’s possible for multiple currencies to coexist with their own advantages.”

Green sounds pretty sure of Cardano’s potential.

“On the back of this considerable [Alonzo] upgrade, it can be expected to grab significant market share and, as a result, its price will continue its upward trajectory for the rest of 2021 and beyond.”

The post This cryptocurrency is a 17-bagger JUST THIS YEAR appeared first on The Motley Fool Australia.

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• The next Bitcoin? Why investors are bullish on fast-rising altcoin Cardano
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Motley Fool contributor Tony Yoo owns shares of Bitcoin, Cardano, and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The IRESS Ltd (ASX: IRE) share price has come under pressure on Friday and is deep in the red.

At the time of writing, the financial technology company’s shares are down 13% to $11.82.

Why is the IRESS share price sinking?

Investors have been selling down the IRESS share price today following an update on takeover talks with EQT.

Last week, IRESS rather ominously revealed that it had granted EQT an additional 10 days of exclusivity to complete its due diligence. This came following the conclusion of a 30-day exclusivity period that started on 11 August.

IRESS granted EQT due diligence last month after it increased its takeover approach to $15.91 cash per share.

What’s the latest?

As you might have guessed from the IRESS share price performance today, discussions haven’t gone well.

According to today’s release, the discussions between IRESS and EQT have now concluded and the parties have been unable to agree a transaction.

IRESS’ Chair, Roger Sharp, commented: “In our 11 August announcement, Iress advised shareholders that there was no certainty the indicative proposal would result in a binding or formal offer from EQT. Nevertheless, the Board took the view that it was in the best interests of shareholders to engage further with EQT in relation to the indicative proposal.”

“The announcement today in no way impacts our strategy to accelerate growth and returns to shareholders, as detailed in our announcement of 29 July 2021 and presented at our investor strategy day.”

The company’s Chair remains positive on the future. He added: “Our aim has been and remains, to double net profit after tax by 2025, with potential for further upside. We have built solid foundations to capture more market share in large addressable markets and are focused on executing the plan. With our strong operating businesses, favourable industry trends and growth investments, we have a positive outlook.”

IRESS has reaffirmed its guidance for constant currency segment profit to be between $164 million and $168 million in FY 2021. Though, there will be one-off non-operating costs related to the transaction, which is expected to be in the order of $4 million to $5 million pre tax.

Despite today’s decline, the IRESS share price is still up 10% year to date.

The post IRESS (ASX:IRE) share price sinks 13% after takeover talks end appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Lithium Australia NL (ASX: LIT) share price is on course to end the week on a positive note.

At the time of writing, the lithium extraction technology company’s shares are up 8% to 13.5 cents.

Why is the Lithium Australia share price climbing today?

The Lithium Australia share price is rising today after the release of an apparently price sensitive announcement.

It is worth noting that the ASX has only recently pulled the company up on an announcement for suspected “ramping”.

The ASX commented that ramping involves the release of “an announcement that has no substance but seeks to ride on the back of strong market sentiment in a particular sector.”

What was today’s announcement?

According to the release, in case you hadn’t noticed, lithium prices are rising strongly. It highlights that Pilbara Minerals Ltd (ASX: PLS) commanded US$2,500 per tonne for its lithium concentrate via its Battery Material Exchange digital auction this week.

In addition, the company notes that the popularity of cobalt-free batteries continues to grow and its subsidiary VSPC is still progressing its plans to establish a strategic position in the market for cobalt- and nickel-free lithium-ion batteries (LIBs).

Management claims that cobalt and nickel-free LIBs are safer, longer-lasting, and require less raw materials. As a result, with lithium prices sky-rocketing, demand for their use in electric vehicles and stationary energy storage is rising.

Lithium Australia’s Managing Director, Adrian Griffin, commented: “To develop renewable energy security, Australia requires a domestic battery supply chain. Pragmatic political policies and government support are a step in the right direction and the Modern Manufacturing Initiative – Collaboration Stream grants will hopefully provide some of that support.”

“The shortage of nickel- and cobalt-free cathode materials outside China is of great concern; however, the possibility of producing such material here in Australia has garnered enthusiastic support – from local miners right through to international battery producers. This country needs to act now, building on its resource base and developing the value-add that can position Australia as a leader in the new energy revolution,” he added.

The Lithium Australia share price has more than doubled in value this year.

The post Why the Lithium Australia (ASX:LIT) share price is up 8% today appeared first on The Motley Fool Australia.

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• This cryptocurrency is a 17-bagger JUST THIS YEAR
• IRESS (ASX:IRE) share price sinks 13% after takeover talks end
• The Zoom2u (ASX:Z2U) share price has soared 267% in a week
• To buy, hold or sell? Experts weigh in on the Webjet (ASX:WEB) share price
• Is the Telstra (ASX:TLS) share price in the buy zone after its T25 update?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Zoom2u Technologies Ltd (ASX: Z2U) share price has had a stellar start to its listing tenure.  

Since debuting on the market late last week, shares in the parcel delivery platform have surged an astronomical 267.5% higher.

Let’s take a look at why investors are jumping to get their hands on shares in Zoom2u.

What’s fuelling demand for the Zoom2u share price?

Shares in Zoom2u received a boost yesterday after releasing an exciting investor update.

The delivery service company announced the signing of its first enterprise customer for its Locate2u platform.

Zoom2u revealed it will provide Amart Furniture access to its software as a service (SaaS) platform for a 24-month term.

In addition, the company also announced an agreement with Bing Lee for access to its Zoom2u platform.

The announcement saw great investor interest, pushing the Zoom2u share price 13% higher for the day.

As a result, shares in the parcel delivery platform have zoomed more than 267% higher since listing and are now changing hands at 73.5 cents apiece.

More on Zoom2u

Zoom2u listed on the exchange via an oversubscribed IPO last week, raising $8 million at 20 cents per share.

The delivery service company has two key operating businesses.

Zoom2u is the company’s largest segment platform that connects customers with local drivers. Locate2u is its second business that offers customers a SaaS product. 

This allows users to manage bookings, optimise routes, and track and share their live locations with customers.

In its prospectus, the company’s chairman addressed the strong growth being witnessed in e‑commerce and the increased outsourcing of delivery services. As a result, Zoom2u has valued the Australian delivery services market at $5.6 billion.

In another possible boost to the Zoom2u share price, the company highlighted the global demand for delivery management software and automation of delivery management.

The company’s Zoom2u platform commenced operations in 2014. It has grown gross merchandise value (GMV) from $0.4 million in FY15 and forecasts $11.1 million for FY21.

It currently has a customer base of nearly 70,000 individuals, SMEs, and enterprise customers who are connected to more than 8,600 drivers.

Locate2u was launched in late 2020 and is still in its early stage of market development.

The company noted that part of the funds raised from the IPO will be used to scale up sales and marketing efforts for both Zoom2u and Locate2u.

The post The Zoom2u (ASX:Z2U) share price has soared 267% in a week appeared first on The Motley Fool Australia.

More reading

• Why the Zoom2u (ASX:Z2U) share price is rocketing 28% higher today
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Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Webjet Limited (ASX: WEB) share price has been range bound since November last year when Pfizer released its initial COVID-19 vaccine trial results.

Webjet shares have struggled to hold above $6 but managed to find plenty of buying support around the mid-$4 level.

Encouragingly, Webjet shares have pushed 5% higher in September and are testing the upper bound of the range.

In an article featured on Livewire, Nathan Hughes from Perpetual Limited (ASX: PPT) and Mike Murray from Australian Ethical Investment Limited (ASX: AEF) were asked about their thoughts on the Webjet share price.

What do experts think about the Webjet share price?

Murray was cautiously optimistic about Webjet, slating it as a “reopening play” but concerned about how much of that was already priced into today’s share price.

“I just wonder how much of the heavy lifting has already been done. There are probably twice as many shares on issue now than there were a couple of years ago.”

“The enterprise value would have recovered back to really pre-COVID levels. And so I don’t really want to pay the current price for it, but it’s an interesting business,” he said.

Perhaps a lower Webjet share price might have earned a more positive view from Murray, but he ultimately said it was a “hold”.

Hughes said that “there’s no doubt they’ll [Webjet] enjoy a really strong recovery” but was far more critical about the company’s valuation and balance sheet.

“But I think those salient points Mike made around the enterprise value and just how much of the recovery is baked into today’s share price. There are a lot more shares on issue and there’s also some convertible debt on the balance sheet, as well, so that gives me some pause,” he said.

Hughes also pointed at Webjet’s business model as a potential red flag in the long-term.

“.. a trend we’ve seen in a lot of industries, is a lot of businesses are going more direct to consumer and controlling their own distribution. And so, from that perspective, I just wonder about the long-term sustainability of Webjet’s B2B model,” he added.

The post To buy, hold or sell? Experts weigh in on the Webjet (ASX:WEB) share price appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Telstra Corporation Ltd (ASX: TLS) share price will be on watch today.

This is after a number of analysts responded to its T25 strategy.

What was the response?

One of those was Goldman Sachs, which appeared to be very pleased with the telco giant’s T25 strategy.

According to a note released this morning, the key strategic and financial updates given with the strategy were consistent with the broker’s prior expectations.

It commented: “FY25 targets for strong earnings growth were provided, implying a high degree of confidence in the outlook, given expectations for mid-single digit EBITDA growth p.a. and a similar quantum of mobile service revenue growth.”

And while the broker notes that Telstra’s earnings per share targets were slightly lower than it was forecasting, it wasn’t enough to impact its bullish stance.

What about its dividend plans?

Goldman was also pleased with the company’s new dividend policy.

It explained: “Telstra also revised its dividend policy back towards 100% of EPS, as it prioritizes growing franked dividends over time, while using the c.$600mn p.a. (c.5¢ps) of additional FCF to invest for growth or return to shareholders. On-market buybacks & un-franked dividends were highlighted, but we expect buybacks to be prioritized given the focus on growing franked dividends.”

In light of this, the broker is now forecasting 16 cents per share fully franked dividends through to FY 2023. After which, it expects a dividend of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Though, it sees upside potential to the latter dividends.

With the Telstra share price currently fetching $3.95, this will mean yields of 4%, 4.6%, and then 4.8%, respectively.

Is the Telstra share price good value?

The team at Goldman Sachs believe the Telstra share price is in the buy zone at present.

The note reveals that the broker has a buy rating and $4.40 price target on the telco giant’s shares.

Based on the current Telstra share price, this implies potential upside of 11% over the next 12 months before dividends. And if you include them, the potential return stretches to 15.5%.

The post Is the Telstra (ASX:TLS) share price in the buy zone after its T25 update? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• The Telstra (ASX:TLS) share price has a new 52-week high. Here’s why
• These 3 ASX 200 shares are the most heavily traded so far this Thursday
• ASX 200 (ASX:XJO) midday update: Telstra unveils T25 strategy, Wesfarmers’ API offer
• Telstra (ASX:TLS) share price rises on T25, dividend growth goal

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Zip Co Ltd (ASX: Z1P) share price closed down 1.5% on Thursday, finishing the day at $6.65.

That came as the broader S&P/ASX 200 Index (ASX: XJO) ended in the green, up 0.6%.

It’s been just over 3 weeks now since the buy now, pay later (BNPL) company reported its full year results for the 2021 financial year (FY21).

With investors now having had plenty of time to digest those results, we take a look below at how the Zip share price has performed since reporting.

First, a quick recap of those results.

What results did the ASX 200 tech share report for FY21?

The Zip share price was on investor radars on 25 August, the day it released its FY21 results.

Some of the key results Zip reported include a 150% year-on-year leap in revenue, to $403.2 million.

The BNPL company saw its transaction volumes surge to $5.8 billion. That was up 179% from the $2.1 billion reported in FY20.

Cash gross profits also surged, up 147% year-on-year to $198 million. And the company’s active merchants more than doubled, up 109% to 51,300 merchants.

Zip has not historically paid a dividend and did not declare one for FY21.

Commenting on the continuing rise of BNPL methods among consumers, Zip CEO Larry Diamond said:

The trend and shift away from the unfriendly world of credit cards that was the genesis of the Australian business has proven to be a global phenomenon, and Zip continues to accelerate in all our key markets.

How has the Zip share price moved since reporting those results?

Despite its strong growth results, the Zip share price fell 2.6% on the day it reported.

Since market close on 24 August (the day before reporting) Zip’s shares are down 9.2%.

By comparison, the ASX 200 has fallen 0.6% over that same time.

The post How has the Zip (ASX:Z1P) share price performed since reporting results? appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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