Great price action and based on past performance should be due a pull back. That said, past performance counts for nothing if the licence is announced. This is becoming more valuable following APRA's updated consultation process aligned to new applications - barriers to entry are already high based on the tech requirements, prerequisite financial covenant and sustainable business plan.
The video posted by Redceddar is well worth a watch if you want to fully appreciate the massive disruption within financial services and how Novatti is positioned to take advantage of the seismic shift. Peter and the board are clearly first principle thinkers who are executing based on this paradigm shift.
The journey is just beginning!
Great price action and based on past performance should be due a...
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