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3.90%

7.4¢ novatti group limited

Ann: Reckon Sells APMG Business for $100m, page-27

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Hecticpharmer

854 Posts.

139

23/05/22

12:38

Post #: 61564839
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Originally posted by kka4eddie: ↑

Repeatedly PC has been delivering whatever he's said. At the time acquisition of RKN, a lot of noise challenging his move and the sp headed south as result. But now, its been demonstrated as a smart move. Not only getting to access 114000 brand new clients, but also significantly benefits NOV cash flow for +/- $8mil. If one was concerned about NOV cashflow or cashburnt before, now should be ease of concern with the new cash. On the other hand, PC has been demonstrated record breaking turn over quarter to quarter. I don't know how many small cap can demonstrate what NOV do. I am hoping the sp can justify this now. Long tern holder have been patiently waiting. From my view, NOV is going to do great with or without the banking license. The sp now is absolutely ridiculous.

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One thing to look into, is that a lot of cash burn goes to "Product Manufacturing". Now the question would be, is this a recurrent cost (e.g. making cards for clients) or is this a one-off cost (e.g. building the software)?

No doubt the staff cost is high but product manufacturing is always the highest.

NOV Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.4¢		Change -0.003(3.90%)		Mkt cap ! $25.96M

Open	High	Low	Value	Volume
7.5¢	7.5¢	7.3¢	$2.475K	33.82K

Buyers (Bids)

No.	Vol.	Price($)
2	34579	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	39050	1

View Market Depth

No.	Vol.	Price($)
2	34579	0.071
1	40690	0.070
2	55000	0.068
1	13730	0.066
3	47000	0.065

Price($)	Vol.	No.
0.074	39050	1
0.075	55167	2
0.080	12512	2
0.082	30000	1
0.083	157757	2

Last trade - 10.53am 12/07/2024 (20 minute delay)

NOV (ASX) Chart