Yeah nah too much uncertainty over whether the US's covid winter will hit growth again.
There's some promising signs that sales won't go backwards too much again, such as the recent signing of new distribution deals, but until we see the numbers it seems like most aren't overly keen to buy too much above the mid 20s. Fair enough - as there's too much chance of a reversal from those levels if the report shows a drop in sales like it did at the end of FY20.
But then again if the quarterly shows some - at minimum - modest growth, I doubt that we would see the low 20s ever again. Should OVN actually manage to grow sales through this worst of Northern winters then nothing is ever going to stop it.
But... we just don't know yet...
OVN Price at posting:
25.0¢ Sentiment: None Disclosure: Held