I'm not as worried as I would be with other lenders. MME looks to have really concentrated on higher quality and secured lending. I do appreciate that a falling economy poses its own risks but is also usually associated with increased risk tolerance to stimulate the economy. The warehouse funding and securitisation markets should also improve. Just look at the free and easy money that was pouring post GFC and COVID. I'm predicting 18-20c tomorrow.
Ann: 4Q24 Trading Update - Growth and strong loan performance, page-133
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $92.00M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $19.27K | 165.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 79595 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MME (ASX) Chart |