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$4.77 mayne pharma group limited

What MYX chart shouts, page-265

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24/08/24

13:55

Post #: 75355712
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Originally posted by KamikazePilot: ↑

Just received an email from Simply Wall St in regard Friday's trading report heading "New major risk - Financial position , reads " The company has less than than a year of cash runaway based on its current free cash flow trend . Fresh cash flow - AUS $36 m This is considered a major risk . With less than a year's worth of cash the company will need to raise capital or take debt unless cash flow improves . This would dilute existing shareholders or increase balance sheet risk . Currently the following risks have been identified for the company . Major risk . Less than a year of runaway based on free cash flow trend (Aus $ 36 m free cash flow). Minor Risk . Currently unprofitable and not forecast to be able to become profitable profitable over the next two years . " This is what has been concerning me ( my last post ) " Company not expected to be profitable minimum 2 maybe 3 years , company reliant on its shareholders most at risk common shareholders us unsecured expected to carry / support management . " Can see a another capital raising coming up with our present management team just as we did back then when we copped capital raising from the last lot when we purchased a truck of generic rubbish off Teva .

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"Simply Wall St"??

MYX Price at posting: $4.38 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.77		Change 0.180(3.92%)		Mkt cap ! $405.8M

Open	High	Low	Value	Volume
$4.57	$4.85	$4.56	$927.8K	195.8K

Buyers (Bids)

No.	Vol.	Price($)
1	268	$4.73

Sellers (Offers)

Price($)	Vol.	No.
$4.77	297	1

View Market Depth

No.	Vol.	Price($)
1	631	4.780
1	350	4.770
1	350	4.760
1	350	4.750
1	350	4.740

Price($)	Vol.	No.
4.770	304	2
4.780	350	1
4.790	350	1
4.800	850	2
4.810	350	1

Last trade - 16.10pm 01/10/2024 (20 minute delay)

MYX (ASX) Chart

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