Novatti Group Limited

ASX:NOV

Novatti Group Limited

ASX:NOV
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$0.027 (-3.6%)
Last close price
#500
Rank
2
Held by
15
Followers
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ML2119
Company Report
Last edited 2 years ago
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ranked
#96
Performance (38m)
7.4% pa
Followed by
5
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ML2119
Added 2 years ago
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Novatti was placed in a trading halt today.

Based on the chatter on Hot Copper, it seems that they have finally been successful with their application for the restricted banking licence (RADI).

Whilst I am not expecting it to have a material impact on profitability in the short term, I am keen to see how management plan on using it to shape the future direction of the company. With a share price of 18.5c and current market cap of $62M, surely the share price can only go up from here.