You had it right from the start.
- Shares trading below IPO price
- Great announcements backed up by directors and funds buying
- All financials up
- Cashed up so no need to raise for awhile (unless the company grows incredibly fast, a good problem)
- Better environment for them (more people need loans)
All they need to do is to ensure that defaults stay low. Which they have been doing as you can see their default rate is lower and lower every year so their algorithm is doing something right.
The swing up to $2 was probably too quick - something that will happen if the stock is tightly held. Hoping the quarterly they release is positive and we can rest easy with our investment
You had it right from the start.Shares trading below IPO...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $88.00M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $7.279K | 66.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1027117 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 133442 | 2 |
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| Last trade - 11.34am 01/11/2024 (20 minute delay) ? |
| MME (ASX) Chart |