NOV 5.77% 5.5¢ novatti group limited

Ann: Appendix 4C and Quarterly Update, page-5

  1. 4,872 Posts.
    lightbulb Created with Sketch. 5649
    $4.15M x 4 = $16.6M x 10 multiple = $166M + $6.2M cash = $172.2M MC or 74c SP.

    x 15 multiple = $249M + $6.2M cash = $255.2M MC or $1.10 SP.

    So fair value should be at least 74c SP.
 
watchlist Created with Sketch. Add NOV (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.