NOV 13.6% 7.5¢ novatti group limited

Ann: Annual Report to shareholders, page-25

  1. 88 Posts.
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    The pain of holding NOV is finally over.

    I believe that management have made many bad decisions - not many of their investments are bearing fruit - ATX, Emersion, IBOA, Crypto...

    Hopefully the new CEO can fix things, although it is a hard task.

    The final straw for me was the director increasing their salary. Over $1m for ex-CEO for losing over $20m. RKN was the only good decision, but the dividends from RKN were gone in 60 seconds.

    Good luck to those that still believe.




 
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