Prospa Group Limited (ASX:PGL) entered into an agreement to acquire in Zip Business loan portfolio from Zip Co Limited (ASX:ZIP)for ) for approximately AUD15.6 Million January 24, 2024. The transaction to be funded using Prospa?s existing warehouse funding arrangements. The acquisition comprises all of Zip?s remaining performing Australian business loans, equivalent to approximately AUD18.4 million of commercial loans to approximately 370 small businesses.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
1.385 AUD | -1.77% | -3.82% | +118.11% |
05/06 | Australia moves to rein in buy-now-pay-later with credit check law | RE |
21/05 | Zip Co Appoints US CEO | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
1.385 AUD | -1.77% | -3.82% | 93Cr | ||
0.435 AUD | 0.00% | 0.00% | 4.75Cr | ||
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+118.11% | 93Cr | |
-3.14% | 5.24TCr | |
-5.21% | 3.09TCr | |
+52.54% | 2.73TCr | |
+32.27% | 2.53TCr | |
+18.25% | 1.81TCr | |
+13.84% | 1.44TCr | |
+47.58% | 1.35TCr | |
+20.26% | 856.89Cr | |
-35.18% | 681.91Cr |
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- Prospa Group Limited entered into an agreement to acquire in Zip Business loan portfolio from Zip Co Limitedfor ) for approximately AUD15.6 Million.