I have had a good look at all the distressed small financiers and MME was my standout buy so I bought in at 7c. I think their systems and tech is good and management know how to grow the business. The additional funding for the car business is a real bonus. I would like to think that a capital raising is not required but it would not surprise me to see an equity partner buy into the business with no dilution to existing shareholders. i note that Morgan’s have a spec buy on MME with a 12 months target of 21c. DYOR.
I have had a good look at all the distressed small financiers...
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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 |