This AFR article has some interesting comments re US tax costs and lagging AUD:
http://www.copyright link/markets/the-asx-winners-from-us-tax-reform-20171031-gzblhv
It does not mention MYX - probably because MYX is facing other structural issues unrelated to the broader economy in general - but I would have thought the arguments in the article are equally valid.
MYX should benefit from:
1. Lower US tax (it is a US taxpayer as it derives majority of its income in US). I think this is supposed to only be of marginal benefit - read somewhere the CEO had already said this wouldn't have a huge impact for MYX.
2. Weaker AUD as MYX's USD earnings will be worth more in AUD for Australian financial reporting purposes.
Pity we are down again - hopefully we will see 80c again
Chart, page-524
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$4.60 |
Change
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Mkt cap ! $391.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 131 | $4.58 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.60 | 3549 | 1 |
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