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$4.28 mayne pharma group limited

Fundamentals Are Strong, page-51

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2049

16/07/17

23:03

Post #: 25896831
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Originally posted by danginvestor ↑

Could be true, but no.

As you said a couple of posts down (up? ), MYX share price before the Teva announcement was some $1.40, after the announcement it quickly goes to $2. That's a 42% jump in both share price as well as the equivalent enterprise value.

i.e before Teva, MYX has some 810m shares. At $1.40 that's ev of $1.134B.
After Teva it has some 1.5b shares. That's ev of $1.5b. or 32% gain on the $1.40 share price at the current $1 price.[/QUOTE

Yes - and what is your point . After the Teva actuation its EV was 1.5 X1.40 . Now it is 1.5x1 so we acquire the business 40% cheaper if we buy today
What was earnings devided by EV then and now . The point is the EV has fallen as the SP has fallen, not exactly rocket science and with it the PE has contracted signficantly post acquisition, and by 50% from the post acquisition SP peak . The focus on EV without looking at PE is a little odd when discussing valuation

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MYX Price at posting: 98.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $4.28		Change -0.110(2.51%)		Mkt cap ! $364.1M

Open	High	Low	Value	Volume
$4.34	$4.39	$4.26	$117.5K	27.13K

Buyers (Bids)

No.	Vol.	Price($)
6	4153	$4.27

Sellers (Offers)

Price($)	Vol.	No.
$4.29	914	14

View Market Depth

No.	Vol.	Price($)
6	4153	4.270
3	1053	4.260
4	4537	4.250
5	3334	4.240
2	504	4.230

Price($)	Vol.	No.
4.290	932	16
4.300	512	3
4.310	448	2
4.320	619	3
4.330	2795	3

Last trade - 14.15pm 05/11/2024 (20 minute delay)

MYX (ASX) Chart