I also believe the trading volume for NOV has been too low to make any gains sustainable. Numbers are all good and forecasting their acquiring business is to make 4x + revenue than the previous FY, we may be approaching $45mil revenue for FY23 (this is being optimistic with the hope that none of the NOV businesses are growing backwards). We shall see a clearer picture in the Half Year report.
For the time being, I am gonna stay in a more conservative mindset.
NOV Price at posting:
23.0¢ Sentiment: None Disclosure: Held
