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

OVT

Click for more information

0.00%

0.4¢ ovanti limited

Openpay has several hundred million dollars TTV. Their market...

First 25613 Last

Share
Profile

Follow
Samyvalue

680 Posts.

65

31/10/21

18:16

Post #: 57214000
Share

Originally posted by 61289439: ↑

Honestly I have no idea. What we have been presented with is a solid ANN and great growth potential. How the market prices IOU after this is anyone's guess. Like I said previously, most BNPL stocks (though we are more than that), are priced based on a multiple of TTV. If we go by that, the $6.5 million just announced equals an annualised TTV of $26 million. Based on that our MC is only a 5x multiple to TTV. Many BNPL's trade between 10x to 30x of their TTV depending on their growth.

So right now we are trading 5x multiple, so I do believe there is plenty of upside just on this ANN, but it still comes down to the next few ANN's to show the market what sort of growth IOU can achieve. If we start hitting solid increases in the next few quarters, our $1 club will be no more and we'll be starting a new thread.

Expand

Openpay has several hundred million dollars TTV. Their market cap is just $150mil ?

IOU Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

CNB

Carnaby Resources hits copper at Mohawk, QLD

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

There are more pages in this discussion • 6,709 more messages in this thread...

First 25613 Last

Add OVT (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $6.090M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$1.133K	251.9K

Buyers (Bids)

No.	Vol.	Price($)
4	2775809	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7040927	18

View Market Depth

No.	Vol.	Price($)
4	2775809	0.004
37	17947379	0.003
10	14955000	0.002
9	24649999	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7040927	18
0.006	3466638	9
0.007	1853165	6
0.008	1685714	4
0.009	1100000	2

Last trade - 15.37pm 09/09/2024 (20 minute delay)

OVT (ASX) Chart