NOV 10.9% 5.1¢ novatti group limited

The road to $1. 90%+ of issued shares on market are to large institutional holders!

  1. 1,989 Posts.
    lightbulb Created with Sketch. 424
    Did some further digging on Nov guys and gals! Very encouraging findings. Here is the annual report showing the top  20 holders.

    Screen Shot 2017-12-12 at 12.42.46 pm.png

    This represents 80mil shares /115 million on the market. We then have to include what we know has changed since this annual report. A Chinese investor under the name of  Chen Xiadi now holds 25 million shares /115 million issued. This means 105million/115million are currently in the hands of big holders, the management team and institutions. Very hard to buy this stock without raising the price significantly because of this (as the smart money knows not sell at these very cheap levels). Our CEO, Peter Cook owns close to 10 million shares himself (under Carangamite) and also an additional 5 million options. The other directors also hold large chunks of shares.

    Even at a 50 cent value, we are talking about a company that is worth less than 100million in market capitalisation (all options included and shares to be issued in future).  This company has plenty of room to grow and I'm expecting a $1 handle if the January quarterly shows continued revenue growth. GLAH
 
watchlist Created with Sketch. Add NOV (ASX) to my watchlist
(20min delay)
Last
5.1¢
Change
0.005(10.9%)
Mkt cap ! $17.78M
Open High Low Value Volume
4.8¢ 5.1¢ 4.8¢ $27.83K 575.1K

Buyers (Bids)

No. Vol. Price($)
2 852535 5.0¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 7229 1
View Market Depth
Last trade - 10.50am 03/07/2024 (20 minute delay) ?
NOV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.