At a first glance, I don’t particularly like this development. As recently as two months ago, the Company had said that growth would be funded organically from cash flow, without the need to raise extra capital, and now they’re drawing debt at a 9% pa interest rate? While it doesn't break the investment thesis in and of itself, this adds a layer of undesired risk for me, so I’ve trimmed my holding accordingly.
At a first glance, I don’t particularly like this development....
Add MMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.2¢ |
Change
-0.007(18.0%) |
Mkt cap ! $3.767M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.2¢ | $33 | 1.025K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 63515 | 2 |
View Market Depth
| Last trade - 15.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.3¢ |
Change
-0.007 ( 17.5 %) |
||||
| Open | High | Low | Volume | ||
| 3.9¢ | 3.9¢ | 3.3¢ | 26075 | ||
| Last updated 15.17pm 03/05/2024 ? | |||||
| MMM (ASX) Chart |