@Cam5 - g'day!!
When was the "failed MME capital raise" that you posted about?
They raised $20m at 50 cents from institutions in September 2022, and then had a small $1.2m SPP along with this - with didn't deliver any $$$ (as the SP was lower than the 50 cent capial raise price at the time)?
Is this small $1.2m SPP the failed capital raise you have mentioned?
As other have mentioned, the MME business will have revenues of over $220m for this financial year, and the recent half year showed NPAT of around $8.8m (which shows you how profitable MME can be when the loan growths slows a little).
And in the latest report, office costs to gross revenue were down to just 23% (which is huge - as it is down from 49% two years ago & down from 48% one year ago).
But with the strategic funding solution up in the air, and a current very difficult macro & financing environment - the market cap is now only around $32m
@Cam5 - g'day!! When was the "failed MME capital raise" that you...
Add MME (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $53.60M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 6.7¢ | $32.34K | 481.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85620 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 1000 | 1 |
View Market Depth
| Last trade - 15.56pm 13/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.7¢ |
Change
-0.001 ( 2.90 %) |
||||
| Open | High | Low | Volume | ||
| 6.8¢ | 7.0¢ | 6.7¢ | 68176 | ||
| Last updated 15.35pm 13/05/2024 ? | |||||
| MME (ASX) Chart |