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
6.8¢ |
Change
-0.001(0.73%) |
Mkt cap ! $54.40M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $26.40K | 380.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52988 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 7712 | 1 |
View Market Depth
| Last trade - 15.57pm 10/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 7.1¢ | 6.9¢ | 78528 | ||
| Last updated 15.49pm 10/05/2024 ? | |||||
| MME (ASX) Chart |