NOV 0.00% 3.2¢ novatti group limited

Ann: Half Year Results and Review of Operations, page-3

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  1. 122 Posts.
    lightbulb Created with Sketch. 6
    Yep.... All they have released is positive announcements.

    They have a decent turnover of 2.5M for the half year and 2.5M in the bank.

    There is an increasing uptake of flexewallet and flexepin - Both of which already provide a recurring income stream.

    Perhaps the 1.9M half year loss is a concern but they have definitely hit the ground running since listing. We're setting up for India and Zimbabwe, and a footprint already in China.

    They have cut $60k a month ($720k per annum...thats massive) from expenses starting next quarter I believe. There is also a payment of US$400k coming in from Telecom Tanzania after we passed some performance test as part of our contract with them.

    NOV is a bargain at these prices.

    Probably the least discussed stock on Hot Copper but good luck to any holders out there!
 
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Last
3.2¢
Change
0.000(0.00%)
Mkt cap ! $22.41M
Open High Low Value Volume
3.3¢ 3.3¢ 3.2¢ $1.293K 40K

Buyers (Bids)

No. Vol. Price($)
4 636204 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 444850 2
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Last trade - 15.46pm 27/11/2024 (20 minute delay) ?
NOV (ASX) Chart
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