Here are some dates for Zip shareholders to mark in their 2022 calendars.
The post Own Zip (ASX:Z1P) shares? Here are some key dates to watch in 2022 appeared first on The Motley Fool Australia. –
The Zip Co Ltd (ASX: Z1P) share price has spent this Christmas Eve enjoying a pretty solid day of trading on the ASX.
Zip shares closed the day at $4.39 each, up 0.23% for the day. (The ASX closed early at 2pm today for Christmas.)
But zooming out and the picture isn’t quite as… zippy (apologies). Zip shares are down a nasty 21% year to date. And wait for this one… they’re also down 70% from their all-time high of $14.53 that we saw back in February.
But now that 2021 is almost behind us, what does 2022 hold in store for this buy now, pay later (BNPL) heavyweight?
What to watch for Zip shares in 2022
Well, we of course can’t be certain, although my Fool colleague Tristan recently went through what some expert ASX investors think might happen with the Zip share price in 2022.
But let’s look at some important dates that Zip shareholders might want to proverbially note in their 2022 diaries.
First up, Zip’s annual general meeting (AGM) is scheduled to be held on 3 November. So circle that in the old calendar.
Another event investors should watch out for is the completion of Zip’s Twisto acquisition. Zip told ASX investors that it is buying the Europe-based Twisto payments company last month. It will be shelling out $115.8 million for it.
The company is hoping this acquisition will help Zip crack the lucrative European market. But Zip says the transaction will only be finalised in “the second quarter” of the company’s 2022 financial year.
Finally, unlike some ASX companies, Zip hasn’t yet given us its reporting dates for 2022.
So, that’s about all we know that’s set in stone for Zip announcements next year.
Zip CEO Larry Diamond recently said that Zip is entering 2022 “with strong momentum, in a solid financial position, with a continued focus on execution, unit economics and global synergies”. So that’s a pretty good start if all goes well.
At the current Zip share price, this BNPL share has a market capitalisation of $2.6 billion.
The post Own Zip (ASX:Z1P) shares? Here are some key dates to watch in 2022 appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.