OVT 33.3% 0.4¢ ovanti limited

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  1. 1,744 Posts.
    lightbulb Created with Sketch. 2058
    Thanks for clarifying @Sebby. So if that is the case and we have $450,000 from last quarter - that's $1.8 million annual. Add approx $4.2 million from IDSB, that makes $6 million and then we have the isentric to add - that I would need help on as I can't recall exactly what that division makes, but fairly certain it is about $1 million (though happy to be corrected on this), so we are looking at $7 million. MC of $140 gives us a 20x multiple. Considering we are in a massive growth stage, I think 20x is stingy. Good news that IOU has confirmed they will be doing a mid quartely update along with end of quarter, so in six weeks time, if we see a good increase in both the TTV and NTR, the MC and stock price will definitely get a kick up.
    At the end of the day, whatever way we look at it, the numbers were solid, we have a huge amount of onboarding about to be done, IDSB loan book growing at a terrific rate, Malaysia coming out of lockdown, Razer supposedly live starting today with first test merchants, iPay88 still active, SEA expansion back on the books - and the list goes on. It's just a waiting game with this stock as all of the aforementioned come to full fruition. I'm certainly excited to watch it all pan out.
 
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