Ah yes I see., thanks for the reply. I think a big reason is also the other working capital line now being an outflow of 100m while in June it was an inflow of 50 mil. The company has stated they will achieve profitability in fy18 and I think it is possible if they can keep growing revenues.
One other big positive is the investment from Chinese group of $13m. This means after the new shares are approved the company will have 10+ mil in cash
NOV Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
