Still not sure NOV will need to do a CR?
Had over $4.0m in the bank last quarterly, very close to cashflow break even, and have stated that the restricted banking licence will cost around $3.0m over a period of time.
Looking through their 30 June 2018 numbers, their revenue was $6.36m, and transaction revenue was only $1.8m of this.
They are now saying that transaction revenue is currently in excess of $4.0m pa.
Surely that means that their market cap is now less that 3 x revenue - which makes this a buy in my mind.
Ann: December 2018 Transactional Revenue Update, page-4
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.41M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $14.75K | 461.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 799316 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 917481 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| NOV (ASX) Chart |
