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6.7¢ moneyme limited

You forgot the synergies. They're apparently working. Though not...

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danbradster

5,683 Posts.

1399

23/03/23

13:02

Post #: 66921350
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Originally posted by Cam5: ↑

Warren Buffett said one of the key roles of the board of directors is to stop CEOs from buying companies that don’t increase value for the shareholders - stop CEOs from building their empire via takeovers. He also said such acquisitions rarely increase value for shareholders. What has been the outcome of the Society One takeover? Debt crisis, share price collapse, and loss of market confidence. Even if they pay off the 25m, what about the 50m further down the road? Why did MME take out a loan that they couldn’t repay?

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You forgot the synergies. They're apparently working. Though not fast enough for the short-term debt to be a non-issue.

MME Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $53.60M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	7752	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	1000	1

View Market Depth

No.	Vol.	Price($)
2	7752	0.068
7	209366	0.067
1	151530	0.066
3	464749	0.065
2	226265	0.064

Price($)	Vol.	No.
0.070	1000	1
0.072	28062	2
0.073	56159	1
0.074	85000	1
0.075	1110	1

Last trade - 10.04am 14/05/2024 (20 minute delay)

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