A great quarterly. When a stock is on a very low multiple, one of two things can happen. A bigger fish says "yummy" and tries to do a t/o. Then MME mngt says that this is an opportunistic t/o and under values the company and rejects the t/o. But what the t/o does is suddenly put the company on a whole lot of watchlists and the price normally responds.
The second option is that, the stock is "discovered" and a super fund gets a substantial holding and when that gets released, the stock then becomes desirable. Look at ANN since the Allan Grey substantial holding announcement.
HT1
A great quarterly. When a stock is on a very low multiple, one...
Add MME (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.0¢ |
Change
-0.005(6.67%) |
Mkt cap ! $56.00M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 7.5¢ | 7.0¢ | $17.17K | 235.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20208 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 446628 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
7.4¢ |
Change
-0.005 ( 1.37 %) |
||||
| Open | High | Low | Volume | ||
| 7.4¢ | 7.4¢ | 7.4¢ | 36630 | ||
| Last updated 15.39pm 04/06/2024 ? | |||||
| MME (ASX) Chart |