NOV 1.43% 6.9¢ novatti group limited

Ann: S&P DJI Announces September 2021 Quarterly Rebalance, page-16

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  1. 82 Posts.
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    Steve , or anyone else who could answer my question

    in multiple discussions Peter cook has mentioned that having a banking entity would increase the margins of the business in its other arms, payments and billing etc.

    does anyone know how this mechanism would work ?

    in general my understanding would be that the bank license enables nov to access the lowest cost funds and this passes on efficiency to other parts of the business
 
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