tailwinds really promising for the business and expected to continue to see record profits from this company given Novo Tellus track record in all the companies they have invested in such as Grand Venture and ISDN and AEM
share price has been on a slow and steady rise ever since it released its latest financial results which proves a turnaround business. Expect the share price to run if the next financial result is equally promising. #note that last year this period Novo Tellus attempted a partial takeover bid
a new one high year today with prices close to partial takeover offer of $0.38 by Novo Tellus last year.
The major shareholders rejected the offer last year expressing their preference for a full takeover with a fair value price of $0.45. Could Novo Tellus attempt another takeover this year?
As expected, management will try to sell assets/businesses again after the failed attempted two years ago. Definitely business will be more expensive this time as company had went through restructuring.
NextInsight
a hub for serious investors