NOV
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3.03% 3.2¢ novatti group limited

a restricted licence still involves a sizeable financial...

  1. dzppp
    16 Posts.
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    16/11/18
    13:00
    Post #: 36532321

    a restricted licence still involves a sizeable financial commitment (and existing infrastructure) beyond the limit of most fintechs.Cook estimates the cost for Novatti around $7m, including $3m for tier-one capital. That’s no small beer for an entity that turned over $9.1m in the June quarter and held $4.5m of cash.

    So capital raising on the corner?

    NOV Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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