OVT 85.7% 2.6¢ ovanti limited

Bought another 45000 shares in the closing Auction at 0.615 for...

  1. 189 Posts.
    lightbulb Created with Sketch. 25
    Bought another 45000 shares in the closing Auction at 0.615 for a total holding of 375000 shares. NB: the lot I bought in the opening auction were 0.60 ea
    I've said it before - The capital raising is money straight into our bank account - we then lend it out and get paid back in 4 payments. We can then lend it out again. The business is fairly cost neutral so I hope they spend $10m on advertising so we can get as many customer on board to use our money up THEN another capital raise - totally normal if we expect the "Australian Model" to be used from a growth point of view. It is being run with an SEA bent though. Plenty of room in this market for many players, so long term hold for me ($4 in four years)
    GLTAH (Down-Rampers F@ck off), my bet is IOU's share price will be over $1.00 by this time next year ($1.00 1yr options taken as part of a capital raising package would be silly if you couldn't reasonably atain it)
 
watchlist Created with Sketch. Add OVT (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.012(85.7%)
Mkt cap ! $40.46M
Open High Low Value Volume
1.6¢ 2.8¢ 1.6¢ $3.969M 173.0M

Buyers (Bids)

No. Vol. Price($)
3 2262677 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 2755276 9
View Market Depth
Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
OVT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.