OVT 20.0% 0.4¢ ovanti limited

Ann: Change in substantial holding, page-6

  1. 5,420 Posts.
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    Was just redoing my incorrect numbers for OVT to see where we sit now.

    https://hotcopper.com.au/data/attachments/1595/1595214-f4bd9a9088ff388b5780e19c2ba1bf86.jpg

    So looks to me like FCF/MC in 12 months time should be around 40-50%

    Obviously they just keep spending to dig themselves out of this hole, and the turnaround is taking them a lot longer than expected (as is always the case), but surely a 40-50% FCF/MC is getting a bit ridiculous in terms of valuation.
 
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