Let's wait and see what the first quarter report shows. If they choose to give a quarterly report, it will come out mid October as it did last year. I remain positive about this stock.
I'm not sure why the buyback has not restarted, I understand that under BB rules they can only buy back stock up to 5% above the five day moving average. This has been possible for the last 3 trading days and today they can buy right up to $5.38. They have cash and are generating cash from business units so if this doesn't happen soon I think they're considering bigger deals or cash generation isn't going adequately enough.
Check out our new Investor Relations appointment, Tom Duthy, highly credential individual and perhaps he's been employed to improve interest in the share register. https://nemean.com.au/our-team/
Cheers
MYX Price at posting:
$4.64 Sentiment: Buy Disclosure: Held
