Update on ZIP

Tuesday 23 June Ziptel (ZIP, price 82.5¢, mkt cap $45m) had been one of my favourite stocks, but in the last couple of days it has collapsed, falling from Friday’s close of $1.04 to as low as 74¢ today, before rallying to close at 82.5¢. The trigger was an announcement by the company on Monday. … Read more

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