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3.8¢ ovanti limited

Ann: Successful Capital Raise, page-228

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aleng

83 Posts.

6

10/11/20

12:52

Post #: 48766075
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Originally posted by Ryzie: ↑

Hi @aleng

Welcome and best wishes for success in the market. The idea that management make their decisions based on a short term view of the company share price is incorrect in my opinion. Management painted a picture of where they see the company going (investor update 2 weeks ago) they have their previous experience to show that they can execute then it's really up to investors to have their own risk assessment and investment strategy in place.

In my opinion, if I ever see management of any company making announcements based on short term market movements I will exit my position. The aim of any director is to act in the best interest of the company and it's shareholders. This is done by informing the market of a strategy for business growth and operations and then delivering on said strategy. Timing the market or trying to pump the share price should be the last thing on their minds.

I'd suggest reading about continuous disclosure of a listed company to gain a better understanding of what I'm talking about.

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Thanks, appreciate the insight.

IOU Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.012(46.2%)		Mkt cap ! $40.46M

Open	High	Low	Value	Volume
3.6¢	4.8¢	3.5¢	$4.805M	122.4M

Buyers (Bids)

No.	Vol.	Price($)
3	268677	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	936000	3

View Market Depth

No.	Vol.	Price($)
2	2113136	0.025
6	2494999	0.024
13	3215649	0.023
6	1088835	0.022
13	2134697	0.021

Price($)	Vol.	No.
0.026	2480276	6
0.027	1111017	10
0.028	2780732	9
0.029	2963210	8
0.030	3144547	13

Last trade - 10.39am 21/10/2024 (20 minute delay)

OVT (ASX) Chart

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