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.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1.155 AUD | +0.43% | +5.96% | +81.89% |
Apr. 16 | Zip's Revenue Climbs 26.6% in Fiscal Q3 | MT |
Apr. 12 | Glennon Small Portfolio Falls Short of ASX Small Ords Index at 2.8% Returns in March | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
1.155 AUD | +0.43% | +5.96% | 747M | ||
0.42 AUD | 0.00% | 0.00% | 44.96M | ||
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+81.89% | 747M | |
-8.14% | 49.88B | |
-5.25% | 30.53B | |
+63.88% | 29.08B | |
+20.03% | 23.38B | |
+16.97% | 17.94B | |
-6.99% | 11.81B | |
+21.92% | 11.27B | |
-20.90% | 8.31B | |
+14.34% | 8.13B |
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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.