Yeah, I'm not convinced FY results will be enough. I don't see the recovery like a rocket launch, I think we're going to see what happened with NEC.
The way I see it going down is we get results that meet guidance - the shorts start covering. We hit a new equilibrium around say $1-ish. A couple of months go by, the analysts start saying things like "You know, it's time to go out of banks and resources, and into other sectors", some analyst will say "Hey MYX looks cheap: look at that PEG, and most of it is USD, given the Aussie Economy is starting to look a little shakey, maybe we should run a ruler across it", slowly superfund cash will start to flow in and over say a year, we'll find outselves near par value.
That's broadly what happened with NEC - it's dividend was 11cents per share while it's Share price was about 88cents at one point (when SevenWest was the darling). IIRC, in NEC's case I hit eject around $1.25, which frankly was too early.
MYX Price at posting:
94.3¢ Sentiment: Buy Disclosure: Held
