OVT 37.5% 3.3¢ ovanti limited

Ann: Quarterly Business Activity Update and Appendix 4C, page-84

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  1. 1,231 Posts.
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    @WCS54
    Thanks, good write up mate.
    We must remembering there was a whole lot of activity going on this quarter geared towards expansion of the digital payments side of the business and soft launch of bnpl that will not be reflected as revenue in this 4c but will be the key to our future growth. The right boxes are still being ticked, we're cashed up with $54m with hard launch and wide spread marketing of bnpl taking off in may (ie anytime from tomorrow onwards).

    Observing the price action today, accumulation was occurring with large buys taking the price up and smaller sells drawing the price back and flushing out nervous holders which is a bullish sign. This also is supported by the increasing obv in the chart.
    The chart has shown a successful reversal from our down trend triggered by the CR with new higher lows and higher highs, another bullish sign.
    We've closed above previous resistance at 44.5c for the first time since reversal, again bullish.
    MACD is diverging on the chart - bullishhttps://hotcopper.com.au/data/attachments/3139/3139307-6204f8b8015dd175b7aa231ed798f073.jpg

    The 4c was not the early wildcard many hoped for where we miraculously had increased revenue before bnpl hard launch, but the fact that soft launch has quietly progressed in the background while integration with ipay88, easy store and MYP1 has occurred and vendor and consumer apps have been launched is setting us up for seeing the growth we desire.

    It's been a while since the last announcement regarding progress/partnerships I think substantial news cannot be far off regarding partnerships, hard launch or acquisitions.

    All IMO and GLTAH
    Last edited by Hippohodlermus: 30/04/21
 
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Price($) Vol. No.
3.3¢ 46617 1
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