It looks like a bit more patience is required but, pandemics aside, once the results of the Madison sale and Diversa etc come through then the bottom line starts to improve dramatically. Although not an overly remarkable report there are a number of issues that give a degree of confidence that this will eventually come good. $8 million buys 10% of the company at current prices so my guess is in a couple of years this will look to be a very good move. Share buybacks usually indicate the current sp is grossly undervalued so I'm happy to wait this out for a bit. Interestingly Hub24 had a very solid rise on a big down day on the the back of just an OK report - makes you think how the valuation metrics of HUB against OVH can be so disparate.
OVH Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
