Excellent analysis Brett - you outline the BULL case very well.
As an equally biased holder, I'll be the devil's advocate here and attempt to outline the BEAR case:
NOV has strategically positioned itself to service the overseas student and migrant sector.
The huge decline in net migration/student inflows due to Covid restrictions are acting as powerful headwinds to market growth.
I'm honestly surprised at how good today's results are given the strength of the current headwinds...
We can only imagine how strongly Novatti will grow once covid international travel restrictions are lifted!
Excellent analysis Brett - you outline the BULL case very...
Add NOV (ASX) to my watchlist
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.40M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.3¢ | $33.46K | 985.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 824676 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 691671 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| NOV (ASX) Chart |