Kev I'm not sure I understand your questions but I'll have a crack at answering them.
Why won't they invest a large sum of money? They have and that's what I'm saying, they used cash not stock or a mix of the two. You don't do that with out some certainty. Perhaps you meant something else by that?
Does it have to make a return? Well I would argue that the reason for investing is to add value to the business so in that regard it should make some form of return whether directly through way of cash or providing more value to customers and in turn increasing customer spend.
What guarantees? Nothing is 100%, I think we all know that. I don't like to answer a question with a question but this one seems obvious, what guarantee do you have when you buy shares in a company? I would say though that IDSB holds an AG Code license and works with two major banks. This would require rather strict compliance. To have been operating for so many years with that compliance it sends a rather trustworthy signal imo.
To whom did the $41.3m go? This was explained in the ASX announcement: Jiraniaga Sdn Bhd, a company owned by Dato’ Husain and Datin Malik
- Forums
- ASX - By Stock
- OVT
- $1 Club
$1 Club, page-26965
-
- There are more pages in this discussion • 5,362 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $52.78M |
Open | High | Low | Value | Volume |
2.6¢ | 2.8¢ | 2.5¢ | $537.8K | 20.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2572359 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 164543 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 2652359 | 0.025 |
10 | 1756336 | 0.024 |
16 | 4438476 | 0.023 |
17 | 7296907 | 0.022 |
16 | 4839633 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 164543 | 1 |
0.027 | 3344123 | 7 |
0.028 | 2609832 | 10 |
0.029 | 3848284 | 12 |
0.030 | 2941598 | 9 |
Last trade - 11.10am 04/11/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |