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25.0%

0.3¢ ovanti limited

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Caldy

8 Posts.

2

24/06/21

11:15

Post #: 54038154
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Originally posted by SebbyV: ↑

As much as people hate to hear it, I think there is a very real chance of gap at 20c getting filled now - I hate gap talk and all the related gap-crap that goes on, believe me, but I'm also a pragmatist that acknowledges that gaps can affect movements in the short-term, particularly when the price gets nearby. Market's attention will likely be to Zip and APT as they come into some very strong quarterly reports in coming few weeks.

I'm a LTH and will increase holdings down at these levels in time, but I don't see any real catalyst to turn this around until Sep quarterly. There won't be much BNPL info in the June quarterly we don't already know, unless maybe some commentary that early growth rates are far exceeding management's expectations? That would be the only thing in the short-term to get some traction. Maybe signing a massive retailer, but it's prob too early days for that just yet.

I think there is great potential here and with $50m in the bank the price is starting to look silly, but then again fund managers and analysts have no BNPL metrics to go off to justify a buy decision yet.

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25c trigger hit, no doubt about it... !! Won't sustain IMO

IOU Price at posting: 26.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change -0.001(25.0%)		Mkt cap ! $4.960M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$103	34.4K

Buyers (Bids)

No.	Vol.	Price($)
43	17153344	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	1039491	4

View Market Depth

No.	Vol.	Price($)
43	17153344	0.003
16	20143887	0.002
18	49490073	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	1039491	4
0.005	8419195	13
0.006	3562302	6
0.007	5730864	14
0.008	6547535	13

Last trade - 10.49am 31/07/2024 (20 minute delay)

OVT (ASX) Chart