OVT

14.3%

0.6¢ ovanti limited

drop the mic! enough said! brilliant insight as usual! cheers.

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Bravo74

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29/07/21

11:13

Post #: 54864302
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Originally posted by 61289439: ↑

People seem to be getting so fixated on the daily share price I wonder how many are actual investors with a longer term view. I know there are many in here, but also a lot with a very short term view. That won't work with IOU. You invest in a company because of the fundamentals. Over time, the share price will take care of itself, but ask yourself what fundamentals have IOU failed in - and please DO NOT say communication.

Simple answer is they are executing at all levels and if you are an investor, that is what you are focused on. It's certainly what I am focused on. I have minimum 2 year timeline from now with IOU and if they keep doing the fundamentals right I will be holding for a lot longer. They have executed hard launch, they're onboarding merchants, app downloads are increasing and will continue to increase as merchant numbers increase and word of mouth starts to build. They already have one lending licence for Malaysia, another application in Indonesia should be finished soon, they were able to secure a $50 million CR that secures first round of funding for the BNPL. Launch into Indonesia soon with another territory already targeted after that (I think Philippines) and the list goes on.

These are the fundamentals I am talking about and that is what is important. The share price will react to this as time moves on. I'm currently down from my entry point, but I like where IOU is going, so as an investor I am happy to stay fully invested and pick up a few more parcels as cash flow will allow.

Guys, if you are investing and have a longer term view, the conversation on IOU will be very different in 6 to 12 months and the share price will absolutely be different (In a positive way).

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drop the mic! enough said! brilliant insight as usual! cheers.

IOU Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $7.440M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$110.1K	18.35M

Buyers (Bids)

No.	Vol.	Price($)
2	221999	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4427311	11

View Market Depth

No.	Vol.	Price($)
2	221999	0.006
30	12354415	0.005
18	42618870	0.004
5	6120351	0.003
7	6025000	0.002

Price($)	Vol.	No.
0.007	4427311	11
0.008	6986671	10
0.009	2261666	8
0.010	1577000	6
0.011	1200000	2

Last trade - 16.10pm 12/07/2024 (20 minute delay)

OVT (ASX) Chart

drop the mic! enough said! brilliant insight as usual! cheers.

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drop the mic! enough said! brilliant insight as usual! cheers.

Top Stories

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BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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