Zip Co’s strong performance pushes Silver to victory

Dan Silver, co-chief executive of investment platform Stake, has won the latest edition of the Shares Race with a portfolio value of $117,792.

The supercharged performances of Silver's top picks –Electro Optic Systems, a defence and space tech firm, and Zip Co, the "buy now, pay later" rival to Afterpay – contributed most to the victory.

Zip co-founders Peter Gray and Larry Diamond. The Afterpay rival now has a market capitalization of more than $1 billion.Credit:Jessica Hromas

Silver's initial $10,000 investment in Electro Optic was worth $15,135. His original $10,000 in Zip Co grew to $15,304.

Zip's share price continued to soar after it reported a 138 per cent increase in revenue to $84.2 million for the year ended June 30.

Angie Ellis, of 20 20 Investments, finished the runner up with a portfolio value of $116,673.

She held the best-performing stock tip of all, MyFiziq. Her initial $10,000 in the body measurement phone app was worth $19,333.

Dan Silver won the six-week Shares Race following strong performances by his picks, Electro Optic Systems and Zip Co.Credit:Fairfax Media

Michael Gable, of Fairmont Equities, was third after his best performers – Flexigoup and BWX – fell back in the final week.  His portfolio was worth $113,745.

The sharemarket, as measured by the S&P/ASX 300 index, rose by just over 0.5 per cent for the week to close at 6,500 points on Thursday.

The Shares Race is a fantasy shares game that runs for six weeks. Players start with $100,000, divided evenly across 10 stocks. Their progress is reported weekly.

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