Pinned straw:
What is this?
This is the equiv of Bill Beament moving from NST to VXR
Does help when Sydney Morning Herald is on to this too in the sponsored Bulls and Bears column
Unfortunately I missed this explosive move when I saw the news on Thursday
https://www.smh.com.au/business/companies/ovanti-catches-rocket-as-ex-zip-boss-signs-on-20241018-p5kjjx.html
Voting machine in full action versus fundamentals
I've started shifting attention to fintech from pretty much everything else including mining and health (unless there is a fundamental disconnect in valuation) so this is interesting to me despite what the fundamentals say.
Not held unfortunately.
OVT is the old IOU Pay
Not sure if anything has been written about it here, but OVT/IOU was on the brink of collapse last year.
They do have a BNPL product and some digital marketing platform in SE Asia but it's not earning much
So not much change on the product side, but big change on management side.
Better to just watch this one out for now. Rally could be a bit overdone.