MYX 0.47% $4.26 mayne pharma group limited

General Discussion Topics, page-123

  1. 377 Posts.
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    The positive we can look forward to in the financials is that Intangible asset impairments should nearly be finished.
    Mayne purchased the Teva generics portfolio in August 2016 for US $652M which is approx AU $867M on the 0.752 exchange rate at the time.

    CGU (cash generating unit) impairments over the past 4 years are as follows
    2018 $184M
    2019 $312M
    2020 $70M
    Dec 20 1/2 yearly $191M
    Total impairments of just under $758M

    So only $109M of impairments to go before the entire Teva deal is written off and then it's bluesky for Mayne after that!!!

    Chartsshout - just because I probably need to spell it out for you. The "blue sky for Mayne" statement is ironic.
 
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