And at the same time, there is no competition. Win-win for NOV given they are no loner funding the bank. But once the bank is set up, they will increase their margin on transacting money across boarder.
The next year is key and we will see how far this can go. Definitely a no brainer to be medium-long on this. All the criticism on NOV are also speculative which is same as its long term strategy. No one really knows what will happen down the track and isn't that the same with all growth company?
NOV Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
