NOV
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6.85% 6.8¢ novatti group limited

Dear John, (JCoure)Agree. More chaos to come for the entire...

  1. Anton
    974 Posts.
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    19/03/23
    21:28
    Post #: 66848472
    Dear John, (JCoure)

    Agree. More chaos to come for the entire market not just the banking sector. Who knows which stocks will make it or fail at this stage of the business cycle. May indeed be failure week along with Trump indictment week.

    Serious question for you… I would appreciate a rational response as I’m always eager to learn.

    My understanding is that Novatti is a Payment Processing Company with a Restricted ADI plus a substantial shareholding in an Online Accounting Software company. With a substantial cash buffer at current burn rates circa 18 months …..

    Can you explain your reasoning on how the current banking unrest affects Novatti.

    Thanks Anton.
    NOV Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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