NOV 3.13% 3.3¢ novatti group limited

Roger - the anomaly was picked up last quarter if you go back...

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  1. 4,317 Posts.
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    Roger - the anomaly was picked up last quarter if you go back through the thread.

    Due to the nature of the financial services NOV provide they book all cashflow in and out through the cashflow statements - revenue on the other hand is net revenue to NOV from income and fees charged etc.

    $6 mill is a good result for this year, they are growing revenue quite quickly - I agree on the profit front, give it a bit more time to see how things unfold - sure they need pr0fit and have flagged that as an expected outcome for 2018 - this is only for Q1 - revenues are consistently ramping up, it could take another two quarters I reckon...

    So long as they keep the costs contained and revenue powers forward it should work out OK - $5.5 mill cash should suffice here, I think the notion of a cap raise is quite overblown at this stage.
 
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