Thanks for the summary on all the current NOV options - as there is obviously quite a few different options that have been issued over the past few years!!
As a long term NOV holder that is (and remains) bullish on this business, I have generally been OK with the high number of different options that have been issued over the years.
Except for the last 15 million x 20 cent options that were issued a month or so ago - which have now decreased to 13 million x 20 cent options with Abigails resignation from the NOV board.
Whilst they have done a good job to this point, I felt that NOV management (& Peter Cook) have taken advantage of some extreme negative macro conditions around the world - to issue themselves a massive amount of low priced (20 cent) options.
IMO this was really opportunistic & greedy (as they are already being remunerated well for a company with a market cap of only around $70m), and it certainly dented some of the confidence that I have in this management team.
Whilst these options will put some further funds into the NOV account, IMO there is no way that a 20 cent strike price can be justified by PC & his team?
Especially as they must have known at the time just how close the RADI was to being issued.
Still think NOV will be a cash flow positive & highly profitable & much bigger market cap company at some point, but was definitely not happy with this massive amount of low priced options being issued to management a month or so ago![]()
Hopefully this quarterly shows the resumption of strong revenue growth, and I am really hoping that it also continues with the progress towards this business being cash flow positive.
Taking the approximately $3m in annual costs of the "banking team / business" out of the quarterly expenses should definitely assist this business to get to cash flow positive sooner.
Hope 2023 is a great year for everyone![]()
- Forums
- ASX - By Stock
- NOV
- NOV options
NOV options, page-4
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
IGO
IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity
NVA
Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter
Add NOV (ASX) to my watchlist
|
|||||
Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.055 |
1 | 40000 | 0.054 |
1 | 85000 | 0.053 |
1 | 135000 | 0.052 |
4 | 80000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 5000 | 1 |
0.063 | 27000 | 1 |
0.064 | 10000 | 1 |
0.065 | 20000 | 1 |
0.068 | 21741 | 1 |
Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
Featured News
NOV (ASX) Chart |
Day chart unavailable