Microequities Asset Management Group Ltd. (AU:MAM) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Microequities Asset Management Group Limited maintains confidence in its valuation methods, which adhere to industry standards despite auditor BDO’s differing view, particularly for two managed investment trusts. The Fund’s diversified portfolio and recent transactions in unlisted securities support the company’s stance that no further independent valuation is necessary. MAM believes their valuation practices are in line with fair value measurements and that any potential misvaluations do not reach a materiality threshold for concern.
For further insights into AU:MAM stock, check out TipRanks’ Stock Analysis page.