At the moment there are rumours the Hannans have ambitions of privatising the company.
The performance of the company with Hannans man Slaven as CEO from Nov 2017 has been terrible.
Multiple profit downgrades and huge blowout in merger costs and destruction in shareholder value WARRANTS MORE SCRUTINY on Slaven and whether he is acting in the interests of all shareholders.
Front loading costs ?
Which negatively impacts the share price.
Difficult industry to invest in but rival IGL is doing ok.
There is alot of upside potential in OVT IF it is better run under a different CEO with profits a priority.
Allan Gray has a 16.6% shareholding which provides some protection for minority shareholders against Hannans trying to compulsory privatise OVT on the cheap.
At the moment there are rumours the Hannans have ambitions of...
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $38.61M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.1¢ | $62.96K | 1.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 511739 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 358478 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
3.2¢ |
Change
0.001 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 3.2¢ | 3.5¢ | 3.2¢ | 636718 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| OVT (ASX) Chart |