You should start a fund investing in shares based on their historic earnings . You could load up on Rio Tinto 140, MND at 15 , Telstra at 9.
Let me simplify it for you as you seemed so obsessed with the past .
I own a small farm specialising in sheep , worth 4 m it's profitable but trades on a PE of 25 . I find this much bigger farm ( cattle , goats and cropping ) that is generating significant cash flow , PE of 12 . I decide to buy it by bringing in some equity partners and we buy it for 10m. The nature of my combined farms is now a cattle and sheep , goat farm and also does cropping . I put my farm on the market in 2 years time . Will the new buyer focus on what my farm was earning when it was small 4 years , or what it generates today as s bigger and more diversified business
You see I didn't buy MYX when it was trading on a PE of 20 or 25, , I didn't buy it at 2 dollars. I bought it post Teva acquisition and have effectively bought the Teva portfolio,its cash flow and all the other parts of the business for 40% cheaper than the instos did in the placement, so I couldn't give a toss how robust or not MYX was on 2010 0r 2013 or 2015. I care about the business in 2017 and looking forward and all the financial metrics based on a entry price of 1.04 sp.
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Last
$4.03 |
Change
-0.190(4.50%) |
Mkt cap ! $342.8M |
Open | High | Low | Value | Volume |
$4.10 | $4.22 | $4.02 | $1.235M | 303.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | $4.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.04 | 164 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 4.020 |
3 | 6375 | 4.010 |
9 | 17920 | 4.000 |
1 | 164 | 3.990 |
3 | 1415 | 3.980 |
Price($) | Vol. | No. |
---|---|---|
4.040 | 164 | 1 |
4.050 | 164 | 1 |
4.060 | 164 | 1 |
4.070 | 164 | 1 |
4.080 | 164 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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MYX (ASX) Chart |