Hi mate,
Welcome back
Your very weak sentiment again shows how suspicious you are. If you believe a company with a yearly run rate of $40mil will have a 30mil market cap. Sure, just sure
Labor isn't going to kick Visa and Mastercard out of Australia. Labor is going to kick the acquirer license out. At most the banking license will not be granted to NOV, and guess what, 250 people are going to lose their job and you don't need to pay wages to them.
Continue to down ramp, I encourage you to keep ramping.
Focus on your oil stocks and stop down-ramping all the banks.
FYI, this is in the ALP's policy:
"Labor recognises the increasing importance of fintech to the financial sector. Labor supports strong consumer protection for financial products including insurance, non-bank lending and new tech-based financial product"
And
"Labor will adequately resource Australia's financial regulation bodies to ensure that they are properly regulated and fully transparent in their operations. We will not tolerate conflicted remuneration practices in the banking and finance sector."
No crap they won't tolerate malpractice, is NOV malpracticing? My eyes - not really; your eyes - you probably think they are.
