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kevin103

16,329 Posts.

3144

29/01/21

16:09

Post #: 50550739
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Originally posted by Ryzie: ↑

I think there could be a good reason why there isn't a lot of news about IOU. If you consider their biggest customers such as banks and telcos. They are providing services to institutions and enterprise corporations. They provide services which these businesses integrate into their products to extend their IT offering without the need to develop them from the ground up. I don't believe IOU are trying to be the hero in the story, they are providing the tools for these businesses to be the hero. Those company's that you have mentioned are all trying to be the next APT whereas IOU is a service provider like Telstra however instead of providing telecommunication and internet services IOU provides fintech and digital communication and soon enough BNPL.

The consumer app may not be a shopping app where merchants are listed, it could be means for consumers to manage their payments.

I refer to the investor presentation released to the market in September 2020.

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I agree with your points on where iou sits and the analogies is correct.

But, hopefully there in doesnt lie the problem. IOU being analogous to Telstra isnt great lol see how the market rates telstra and its not comforting.

Market appears to gravitate towards the likes of Apt for some reason.

IOU Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $6.090M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$246	61.40K

Buyers (Bids)

No.	Vol.	Price($)
6	4006169	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7048456	9

View Market Depth

No.	Vol.	Price($)
6	4006169	0.004
16	18540116	0.003
7	13730000	0.002
4	18999999	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7048456	9
0.006	2240000	4
0.007	1691313	4
0.008	1380714	3
0.009	1000000	1

Last trade - 16.10pm 14/08/2024 (20 minute delay)

OVT (ASX) Chart