NOV 16.7% 7.7¢ novatti group limited

Definitely a lot of question marks thereBiggest one is:Increase...

  1. 854 Posts.
    lightbulb Created with Sketch. 139
    Definitely a lot of question marks there

    Biggest one is:
    Increase in customer's receipts but lower revenue??? Fair that last quarter they use seasonal factor as an excuse but now what is with the lower margin?

    Pros:
    Good to see manufacturing cost and admin cost reduced. Usually manufacturing cost is porportional to customer's receipts, this quarter is the first time I have seen increase in receipts but lower manufacturing cost (maybe they actually tighten up the spendings there).

    Cons:
    They hired even more people in tbe last quarter
    Cash flow taking away the 12.8 mil is actually -2.4mil, not sure how much tighter they can work around it. Probably can give them one more quarter to prove their worth or otherwise, I dont see cash flow positive end of the FY23.

    The pros and cons are pretty balanced for this one, don't really think it will draw that much attention from the market.
 
watchlist Created with Sketch. Add NOV (ASX) to my watchlist
(20min delay)
Last
7.7¢
Change
0.011(16.7%)
Mkt cap ! $27.39M
Open High Low Value Volume
6.8¢ 7.7¢ 6.8¢ $15.62K 216.6K

Buyers (Bids)

No. Vol. Price($)
1 30000 7.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.7¢ 12309 1
View Market Depth
Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
NOV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.