NOV

1.82%

5.4¢ novatti group limited

The MasterCard and Visa acquiring license is also just as...

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SlamMan

172 Posts.

160

16/09/21

08:57

Post #: 56103585
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Originally posted by Tradingasx: ↑

The acquisition of RKN was the final hurdle NOV needed to complete the process and tick all the boxes- without the reckon deal it would have been delayed- APRA changed the regulation process where you need a profitable business paying dividends- Reckon ticked that box along with the sheer amount of SME on their base (along with BC Banking of course).

I still believe $1 is selling yourself short, here’s why.

APRA Banking licenses are going to be near impossible to get these days with companies with the MC of Novatti, simply this just doesn’t happen without an IPO and institutional funding.
In my opinion, this commands a $250M-$300M MC.
If we also add the current business with current transactional agreements along with Emersion kicking off, we can add a further $160-$250M to this.

My forecast tally by Christmas providing APRA approve our license $450-$500M MC.

$450M MC = $1.38 (based of current sp of .48c)

$500M MC = $1.50 - this is my forecast (there will be many material announcements due by Christmas along with the license to hit this target).

The low volatility as of the last 2 months indicates to me NOV sentiment is extremely high, for a small cap this is extremely rare. Hold tight and patients will pay off

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The MasterCard and Visa acquiring license is also just as important as it will add earnings to the bottom line by giving Nov a bigger clip along the way.

NOV Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 5.4¢		Change -0.001(1.82%)		Mkt cap ! $19.21M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.4¢	$5.943K	108.9K

Buyers (Bids)

No.	Vol.	Price($)
1	52950	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	47500	1

View Market Depth

No.	Vol.	Price($)
1	52950	0.053
1	20019	0.050
1	63829	0.047
4	138700	0.045
1	11627	0.043

Price($)	Vol.	No.
0.056	47500	1
0.060	146837	3
0.063	27000	1
0.070	100000	1
0.079	38325	1

Last trade - 14.22pm 06/09/2024 (20 minute delay)

NOV (ASX) Chart

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