NOV 3.77% 5.1¢ novatti group limited

Novatti - The $1 party, page-3247

  1. 280 Posts.
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    Was looking at the 2020 half yearly report and compared it to 2022 one.

    From the 2020 report, we had much lower net asset, only around $1 million. In 2022, we now have $40 million.

    I also checked the total number of shares issued back in 2020. A bit hard to find but there were around 167 million shares. Back in 2020, we crashed to $0.083 per share on 13th March. This means NOV had market cap of $13.8 million (x13 net asset)

    Now, we have 335 million shares (a bit less than double). However, our asset is x40 times comparing to 2020. Our market cap is now, $67 million.

    I'm not a professional trader nor accountant but entry now seems extremely low risk. Feel free to comment
    Last edited by komodo: 05/06/22
 
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