ASX Announcements
Director Appointment/Resignation, Company Administration - Other
- May 21, 2024
- 3 pages
Application for quotation of securities - ZIP
Appendix 2A (Application for Quotation of Securities)
- May 14, 2024
- 6 pages
June
Why Tyndall has gone all in on Zip Co’s turnaround story
James Nguyen says the market is mispricing the buy now pay later provider and reveals why a $15 billion settlement could be the catalyst for another small cap stock.
- Joanne Tran
ANZ’s openly gay chairman warns on ASX’s sexuality disclosure
Asking boards to disclose the sexuality, age and ethnicity of directors risks encroaching on their privacy and could make them a target for activists, leading directors warn.
- Sally Patten and Patrick Durkin
May
Zip’s Larry Diamond returning to Sydney, says US mission accomplished
Diamond says he heeded warnings from James Gorman, setting Zip onto a profitable path in the US, where he expects BNPL to keep winning share off credit cards.
- James Eyers
April
Zip Co’s turnaround story lands the BNPL on takeover watchlists
No doubt CBA’s internal M&A team adheres by its mandate of looking at all options to maximise shareholder value.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cettire shares slide 16pc on Bell Potter downgrade
The company’s house broker said the luxury marketplace would continue to outperform peers, but it would be harder for it to generate high growth.
- Updated
- Carrie LaFrenz and Jonathan Shapiro
March
‘Lack of transparency’ to force credit licences on BNPL
Buy now, pay later players will have to hold a local credit licence to operate in Australia and take reasonable steps to ascertain a customer’s financial position.
- Lucas Baird
Buy now, pay later is pulling off the improbable – a comeback
Block and Zip valuations are rising as peak interest rates pass. Klarna is considering listing in the United States. Is the sector’s winter finally over?
- James Eyers
January
Zip shares jump on path to profitability
Zip shares opened 15 per cent higher on Monday morning, in a sector still weighted down by negative sentiment.
- James Eyers
Business bets mega US green bill will survive Trump resurgence
US President Joe Biden’s flagship $US369b clean energy policy will survive a second Trump Administration, leading Australian business figures say.
- Lucas Baird, Aaron Weinman, Jessica Sier, Campbell Kwan, Matthew Cranston and Hans van Leeuwen
November 2023
BNPL laws delayed until new year amid legislative drafting constraints
Minister Stephen Jones said resourcing pressures would push back finalising a bill to bring Afterpay and Zip under the credit act until early next year.
- James Eyers
Buy now, pay later companies will struggle to survive, Moody’s warns
The rating agency says that without stemming losses or raising more capital, most companies risk depleting their equity in the next two to three years.
- Jonathan Shapiro
October 2023
- Best Of 2023
- BOSS
How these six CEOs are using AI in their businesses
It is clear that corporate Australia is only at the beginning of its journey with the technology, amid an era defined by low productivity.
- Sally Patten and Euan Black
September 2023
‘Protect your dream’, says LittleOak infant formula founder
A goat’s milk infant formula business sprang from a mum’s frustration, but optimism and enthusiasm is now the driving force.
- Simon Evans
August 2023
Zip loss narrows, volumes rise as BNPL adapts to downturn
Zip Co is now cash flow positive in the United States, New Zealand and Australia as revenue jumped, but restructuring costs hit the BNPL bottom line.
- Updated
- James Eyers
Zip founders depart for divisional postings as new CEO appointed
The buy now, pay later group has reshuffled its management ranks as the company seeks to turn its sharemarket fortunes around.
- Jonathan Shapiro
July 2023
Downsized Zip races after revenue jumps in June
Zip has moved away from its global ambitions to focus on the core US and Australian business, where revenue improved last quarter.
- Updated
- Lucas Baird
June 2023
Fear factor grips retailers as spending slows
A sharp slide in sales is forcing retailers to accelerate discounting and promotions amid warnings that the downturn in consumer spending could be deeper than during the early 1990s recession.
- Updated
- Simon Evans, Carrie LaFrenz and James Eyers
Zip Co raising $25m equity, restructures $330m con notes
Buy-now-pay-later business Zip Co had Goldman Sachs stitching up a $25 million equity raise on Thursday morning, amid a broader restructure of its liabilities.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May 2023
New regulations will ‘throttle’ buy now, pay later
Analysts covering the sector homed in on the potential for more stringent customer credit checking and credit limits to increase costs and slow growth.
- Ayesha de Kretser and James Eyers
Banton considers Zip, Deloitte class action; targets acquisitions
The BNPL company’s share price has tumbled over the last 12 months, falling 16 per cent on one day in January alone on concerns it would run out of cash.
- Sarah Thompson, Kanika Sood and Emma Rapaport