I had ruled out "blastoff" and was expecting a more measured and steady increase in the SP as MME continue to firm up its fundamentals. With the current market readjustment – on the back of fears of a global recession – I'm now of the view that investors may be willing to look to up-and-coming stocks to maximize their returns: I believe MME may fit the bill and could benefit from value-seeking investors. Perhaps I'm unrealistic in thinking we can avoid being caught up in the current onslaught as investors sell-off equities – I guess time will tell.
Not that it's anything that hasn't already been announced, but I'm pleased to increasing media coverage of MME's improving results. Below is a link to another MME article. Whilst it's mostly a 'copy & paste' of the Q4 trading update, articles such as this may land MME on a few more watchlists, which can only be a positive thing IMO.
https://www.brokernews.com.au/news/breaking-news/moneyme-reports-strong-loan-growth-285296.aspx
I haven't sold a share, and despite a volatile SP, I have continued to make small purchases, increasing my MME holding. I love a good underdog story. Maybe I'm crazy... we'll see.
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $90.00M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.3¢ | $9.907K | 86.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 350349 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3293 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 350349 | 0.110 |
8 | 356095 | 0.105 |
9 | 548655 | 0.100 |
1 | 50000 | 0.096 |
3 | 35894 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 3293 | 3 |
0.120 | 97338 | 3 |
0.125 | 59465 | 4 |
0.130 | 180600 | 4 |
0.135 | 292575 | 5 |
Last trade - 14.59pm 10/09/2024 (20 minute delay) ? |
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