Z1P -1.23%: Jumped out of the blocks this AM after Citi upgraded to a BUY with an $11.30 PT, Z1P rallied to a $10.62 high before entering a trading halt to raise capital. Is being done through a convertible note, the same structure as a recent deal from Afterpay by the look. They’ll be back on Friday morning, if not before. These are capital hungry businesses and growth = the need for more capital. The fact that they can raise via convertible issues is a real win for them.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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