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The Stig

8,333 Posts.

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30/11/21

21:00

Post #: 57977093
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Originally posted by LJohn ↑

@AWASP Not a bad point. In the recent update IOU said that due to the level 4 lockdown restrictions there was a six-month loan moratorium which caused disruption to credit reporting and a number of backlogs. The agreement to purchase contained variations if profit was not going to be achieved.

So what may happen is that IDSB is not going to reach $10mil in profit as they have all these backlogs and moratorium, and the purchase price could have been moved down significantly, potentially allowing IOU to purchase in one go (say for $32mil).

That would not be a bad result, if when the backlog is removed that the following year we can get more profit but paid less.

In saying that, I think it is more reasonable to expect what @Ryzie said, and it's probably just to keep the market informed and it will be standard tranche 1 payment.

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I think everything will be fine, we need to trust the BoD has it all on hand
Time to relax and unwind for a day or so.

IOU Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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(20min delay)
Last 3.5¢		Change 0.002(6.06%)		Mkt cap ! $71.05M

Open	High	Low	Value	Volume
3.4¢	3.9¢	3.3¢	$2.873M	78.24M

Buyers (Bids)

No.	Vol.	Price($)
2	393241	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	2872597	4

View Market Depth

No.	Vol.	Price($)
3	2157946	0.035
16	3999369	0.034
13	2217116	0.033
11	3316911	0.032
10	2795094	0.031

Price($)	Vol.	No.
0.036	2872597	4
0.037	1811925	9
0.038	3125239	16
0.039	4716555	27
0.040	6113770	37

Last trade - 14.09pm 11/11/2024 (20 minute delay)

OVT (ASX) Chart

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