NOV 3.85% 5.0¢ novatti group limited

Ann: Trading halt, page-12

  1. 345 Posts.
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    Lets not underestimate how good this news is.

    NOV invested $23 million in RKN, as of right now those shares are worth approximately $29.7 million. Not to mention the potential $10 - $20 million dividend coming our way.

    From memory, NOV has already been recieving dividends from RKN with a value of approximately $600k.

    This has been a brilliant investment for NOV. Not only have we capitalised on a business partnership with RKN, but now have a large cash flow behind us.

    Crazy to look at the above numbers and then realise NOV market cap is currently only $67 million. We arnt even discussing ongoing revenue and other assets.
 
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