Well the sp can be anything really.
Look at the other fintech peers on the asx.
Some of them have many hundreds of millions revenue and are valued at not much more than IOU is currently.
Some are even carrying a much lower market cap than IOU's $85mil
Look at Fatfish - they have alot of "assets" sitting on their balance sheet all for just a grand market cap of $50 mil
Goes back to what I said before - the market doesn't attribute much value to intangibles, goodwill or other illiquid investment assets sitting on balance sheets. CASH is KING
$1 Club, page-27517
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Last
2.7¢ |
Change
-0.002(6.90%) |
Mkt cap ! $54.81M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.7¢ | $2.134M | 74.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2965212 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 3311896 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| OVT (ASX) Chart |