Oh and furthermore in regards to market cap and debt: In 2011 and 2012 Mayne had no debt whatsoever that I can see when there were 206 million shares. Fast forward to June 2020 we have $353 million in debt with dwindling profits and big promises being made about a new OCP. Today market cap is $537 million subtract $353 million equals a market cap of $184 million and market cap was around $80 million 12-13 years ago. So market cap has grown around $7-8 million per year whilst shares on offer have multiplied over 8 times in the same period with yet more to go to Mithra should E4 manage to get approved.... You would have been safer with your money in the bank earning at least some interest with your original capital protected. SR is a share holder funded gambler that gambles on big deals and has a fine record of stuffing up and blaming external factors. Then we could compare CSL’s track record to MYX but that would just add insult to injury. Mayne is never going to be a CSL with the likes of SR at the helm being paid absurd amounts of money to lose share holders money at an embarrassing and alarming rate... In that 13 year period CSL has become a giant of the Australian stock market while Mayne slowly declines into obscurity. SR would be the kind of guy chasing all of his losses at the race track and betting big on the 100 to 1 shot in race 10 to recover everything he’s lost along the way.
MYX Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
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