OVT 0.00% 0.4¢ ovanti limited

The chart appear daily sell pressure has decrease it is still...

  1. 226 Posts.
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    The chart appear daily sell pressure has decrease it is still too early to tell the turning point until market see their BNPL numbers in next 2 to 4 quarters.
    Market expectation can be refer to below RBA report the good thing is IOU MC still small and plenty room to grow

    RBA March bulletin
    Growth of the BNPL market The BNPL sector has grown rapidly in recent years. While industry-wide data are not readily available, company reports for a number of ASX-listed BNPL providers indicate that the value of BNPL transactions grew by around 55 per cent in 2019/20 and tripled over the previous 2 financial years (Graph 1).[2] In 2019/20, these listed entities processed around $10 billion of purchases in Australia and New Zealand. The value of BNPL transactions has continued to grow strongly through the COVID-19 pandemic as the shift to electronic payment methods and online shopping accelerated (Bullock 2020). Based on recent public disclosures, the value of transactions processed by some of the large BNPL providers grew by over 50 per cent in the second half of 2020 compared to the same period a year earlier. Although share prices can be volatile, the prices of some of the larger BNPL providers have significantly outperformed the broader Australian share market in recent years (Graph 2). Some Australian BNPL providers have also sought to expand into overseas markets, including the United States, and these markets now account for a material share of some Australian providers' overall business.
    https://www.rba.gov.au/publications/bulletin/2021/mar/developments-in-the-buy-now-pay-later-market.html


 
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Mkt cap ! $4.960M
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0.4¢ 0.5¢ 0.4¢ $12.62K 3.154M

Buyers (Bids)

No. Vol. Price($)
19 5231606 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 4717022 5
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Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
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