OVH onevue holdings limited

While the numbers are good it is only a quarterly so a little...

  1. 291 Posts.
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    While the numbers are good it is only a quarterly so a little scant on detail. Of course the elephant in the room is the settlement of Diversa of which nothing was said. But then, neither should there, as the sale is 'secured', the business has already transferred and incorporated into Sargon's cloud so a default in payment doesn't bear thinking about particularly so far as Sargon is concerned. Back in 2016 $100 million dollars was raised from private equity to kick start the Sargon Trustee Services business and this whole business is at risk should a default occur. Diversa itself was and is a quality business and I can't see Sargon's investors letting this go. Apart from a bit of concern raised in the Financial Review a couple of weeks ago this was with respect to other parts of Sargon's business and not directly related to this sale. I'm happy to hold for a few more weeks to see what transpires. Usually leading up to settlement management should have a good feel as to the settlement and the AGM 2 days before should give us the information we're all hanging out for. With the right outcome it should provide the catalyst for a significant sp rise.
 
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