Australia's largest stock trading and investment forum Australia's #1 stock forum

OVT

Click for more information

13.3%

1.7¢ ovanti limited

Agreed Kevin.I must admit it was bloody cheeky that would make...

First 22858 Last

Share
Profile

Follow
Hippohodlermus

1,231 Posts.

101

29/06/21

12:02

Post #: 54142331
Share

Originally posted by kevin103: ↑

As I have said - there is currently a re-valuation of IOU and its business in light of the past few months where competition in the BNPL space in Malaysia has grown substantially (Atome, Pace, Pine Labs, Fave, Hoolah, Split are all bnpl the operating in Malaysia) whilst the Covid situation in the country remains on edge without improvement for the masses as they are in a perpetual lockdown situation even after 2 months.

Large demographics have lost their jobs and income, others have greatly reduced income and savings.

What we are seeing would be the market currently re-pricing IOU in view of these risks.

IOU has done itself no favours by being slow to the bnpl space whilst all its competitors has locked up the marquee retail brands over the last 6 months with IOU having not much to show in terms of its merchant network numbers.

All imo.

Expand

Agreed Kevin.
I must admit it was bloody cheeky that would make mention of first mover advantage again in their launch presentation a few weeks back.
Perhaps they were the first to move 9+ months ago, meanwhile while we've assumed they were making meaningful progress, all these other companies have launched BNPL and the advantage is being squandered.

IOU Price at posting: 23.0¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 9,464 more messages in this thread...

First 22858 Last

Add OVT (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.002(13.3%)		Mkt cap ! $19.30M

Open	High	Low	Value	Volume
1.6¢	1.8¢	1.6¢	$44.25K	2.618M

Buyers (Bids)

No.	Vol.	Price($)
1	403261	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	351083	3

View Market Depth

No.	Vol.	Price($)
1	403261	0.017
4	382500	0.016
10	2834235	0.015
4	2212709	0.014
3	1243596	0.013

Price($)	Vol.	No.
0.018	351083	3
0.019	296863	4
0.020	287101	6
0.021	720589	4
0.022	153118	6

Last trade - 16.10pm 26/06/2024 (20 minute delay)

OVT (ASX) Chart