Nah don't count on the license. Keep our head straight just with the transaction business for now.
I kept asking myself what is the possibility of a drop in revenue.
1) Definitely possible, people gonna buy fewer things because of inflation and amidst the rise in interest rates.
2) Where does Novatti make their revenue? Transaction -> is it based on leisure products or is this based on daily essentials?
From what I can gather, a lot of these are related to daily essentials like rent, uni fees, even student accommodations, etc.
Will people stop spending on essentials? I am not sure, need to summon the posters with negative sentiments because they know the market better than anyone here. The decision of whether to buy lettuce at Woolies will be driven by their TA. Oh wait, there are no lettuce around, but you get my point.
Now that Reckon is included in the equation, please note that this is a completely new revenue stream in which NOV has not received a single buck, NOT A SINGLE ONE!
So now let's sit tight in this roller coaster, wait until it drops to a single cent when the market cap is like less than the price of lettuce, then we can probably single-handedly take over Novatti.
DO NOT COUNT ON THE RADI, just look at the transaction business. Novatti was established in 1996 and this is not a new business. They have been around long enough to know that they cannot focus on one thing. They don't put all the eggs in the same basket, you can surely trust them more than the downrampers.
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.14M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.0¢ | $4.95K | 98.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 66700 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 80000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 66700 | 0.045 |
1 | 91095 | 0.044 |
1 | 11627 | 0.043 |
2 | 197202 | 0.041 |
3 | 80000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 80000 | 1 |
0.059 | 38325 | 1 |
0.060 | 151837 | 4 |
0.063 | 27000 | 1 |
0.070 | 100000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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