NOV 1.85% 5.5¢ novatti group limited

Novatti - The $1 party, page-3374

  1. 1,099 Posts.
    lightbulb Created with Sketch. 652
    They were spending $1M per week on team and trying to evolve their tech, that amount isn’t sustainable. Also trying to cap raise in this environment to the amount they requested didn’t work.

    Difference with NOV is- they have an established base with an existing client base, 360 degree payments model, acquiring platforms and international exposure, also the team is already employed and the total business doesn’t burn remotely close to that. In fact, removing the bank team would almost put Nov cash flow positive, we’re already paying for banking staff for no return.

    all the heavy lifting is complete, Volt were building from scratch and not existing.
    Last edited by Tradingasx: 29/06/22
 
watchlist Created with Sketch. Add NOV (ASX) to my watchlist
(20min delay)
Last
5.5¢
Change
0.001(1.85%)
Mkt cap ! $19.56M
Open High Low Value Volume
5.3¢ 5.5¢ 5.3¢ $12.68K 238.6K

Buyers (Bids)

No. Vol. Price($)
1 25000 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 98725 1
View Market Depth
Last trade - 14.25pm 19/07/2024 (20 minute delay) ?
NOV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.