MYX mayne pharma group limited

Hey@formuso, I didn't mean to ignore your request for a possible...

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    Hey@formuso, I didn't mean to ignore your request for a possible share price, I think analysis and research I can do, forecastingprice is a bit of a dark science which has many components but Iwould say that fundamentals eventually determine the price of acompany. Right now, and @Dickkyboy isright about this, we need to see strong cashflow from the ongoingbusinesses, leading to profits. If the company is able to show thatit is cashflow positive for continuing operations (current guidance) for this FY then wewill see strong movement in price. Mind you, I am not sure if we willsee it, 1HFY24 recorded A$28M outflow of which A$19M was fromcontinuing operations, so to be positive for the FY24 there wouldhave to be at least a $A19M turnaround in the second half. This is abig ask when Nexstellis cycles have not been growing as fast as theywould've liked.

    Ithink Mayne will post a strong profit for FY24 on the back of assetrevaluations (not goodwill) and maybe the market will react stronglyto that. After all, the market has reacted strongly when assets wereimpaired.
    Cheers

 
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Last
$5.24
Change
-0.100(1.87%)
Mkt cap ! $424.5M
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No. Vol. Price($)
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Price($) Vol. No.
$5.25 392 5
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