Sorry but broker recommendations are extremely fraught.
I always suspect the reasoning behind some of the ludicrously high valuations. And I don't conclude that it's done for the betterment of investors!
Morningstar is a prime example. I find most of theirs laughable.
Trust your own research, not the ulterior motives and opaque reasoning behind broker's calls, imo.
Let's face it, it's just anonymous people reading the same public info and drawing conclusions that could well be influenced by monetary gain!
General discussion (MEI), page-4151
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $241.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $51.74K | 507.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 918150 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1029943 | 9 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |