I had a look at the OVN company reports today. I see that some of the management team have come over from Fisher and Paykel. Now that the recent froth has come off the SP it looks like a good time to enter.
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I had a look at the OVN company reports today. I see that some of the management team have come over from Fisher and Paykel. Now that the recent froth has come off the SP it looks like a good time to enter.
Download Document 1.98MB Just listened to the presentation. Yes there are X Resmed people there too. a quality looking team who came knocking.. I hadn't realised how much the pathway and experience for the patient has been simplified and is much quicker and more efficient saving alot of time.. Its a work in progress ,im expecting next year to be the big one with many more sleep centres signed. At an Inflexion point now is good description though.
Later. It may have been the sleep centres that came knocking or both, cant remember.
Appendix 4C - quarterly
Funny , they are delivering what they said and more yet s/p hammered today.Im sitting on my holding atp.Seems alot of short termism happening on H/C , greed,ignorance ? Their baggage and loss unless they are trolling the s/p down for an entry. Thoughts anyone, RRR ?
130,529,717 shares on issue.
At 35 cents per share the Market Cap is $45.6 mil.
Revenue for the December quarter was $112,000.[note a small toy shop would have done more in just December].
Expenditure for the quarter was $3.15 mil.
So current expenditure is 28 times revenue.
Therefore a lot of future revenue is being built into the share price.
Whether or not OVN can get the revenue the market is expecting,only time will tell.
Yes i believe it can and will.thanks but i was asking any holders who've done their DD.
Is the product on www.snorex.co.nz any different.?
I rest my case;) You could start by reading the threads on here.
Great i will leave you to find where it is and where it will come from, very early days here. DYOR.
Good news indeed, bought a few more today!
Another runup today
https://hotcopper.com.au/attachments...019162f323a202
own
One of a very few of my stocks to run up today.
https://dentalsleeppractice.com/product-reviews/the-oventus-o2vent-optima-nylon-appliance
Ann: Oventus $4.65m Share Placement and $2m SPP
Sold half in my big selldown of stocks on 4th feb. ATM im leaning to taking up my SPP.Carrot is a one for two option. They do have a genuine alternative to CPAP and CPAP thought to be a possible spreader of Covid atm although im not putting much store in that one myself. Qrtly disappointing but Covid hasn't helped.
Ann: Oventus Investor Presentation
As a snorer I like the Oventus concept, as an investor I will take up the SPP. I am looking past Covid.
I'm not convinced many will shift from CPAP spreading covid either. But the issue is generating great publicity for OVN, and that's crucial for them at this stage.
https://us02web.zoom.us/rec/play/uME...6lKBXjR8oAhwYI
20 min presentation by Chris Hart
Financials - Receipts from customers for the last 3 months was only 78K (he said covid crisis delayed payments!). Staff cost 5-6 million per year. Cash burn is 2 million per quarter. The next few quarters will be crucial
I will be taking part in the SPP
Yes it will .The lead time to revenue and meeting quotas is pretty lengthy and its not that clear to me what will land when.Also im bearish about mkts so have applied for a lesser amount then i would otherwise.