MYX mayne pharma group limited

I think that’s a rhetorical question. If these shares areso...

  1. 1,198 Posts.
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    I think that’s a rhetorical question. If these shares are
    so cheap at these prices then directors would surely
    be loading up and they’re clearly not. They can’t even
    offer any earnings guidance for the company. Speaks
    volumes for the reality of Mayne’s predicament as I
    keep mentioning….saw this with SGH years ago, heaps
    of retails optimistic, but high debt nailed them, then private
    equity came in and retails shares were virtually worthless.
    If the company is so damned cheap where’s the TO offer
    to put Mayne retails out of their misery??? Directors don’t
    even want to put their hard earned in to this one, far better
    to keep milking this thing for every dollar they can and investing
    their hard earned in safer investments elsewhere. Bet that’s
    what SR is doing but you can bet your bottom dollar that if
    he’s run up margin loans…..again…..and he gets another margin
    call when the markets start to tumble in earnest that he’ll be
    a forced seller of Mayne not a purchaser. Doesn’t pay to put
    all your eggs in the one basket unless that basket is a very
    sound one with predictable earnings. Mayne does not fit into
    that category hence it’s trading at historical lows despite all
    the blue sky predictions. The market doesn’t trust SR and his
    business plan with high debt. Reminds me of a high roller in the
    mahogany room at Crown trying to win it all back after chasing
    the losses of Teva to show everyone just how good a CEO he
    really is….
 
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(20min delay)
Last
$5.02
Change
0.020(0.40%)
Mkt cap ! $407.8M
Open High Low Value Volume
$5.05 $5.09 $4.96 $774.1K 154.0K

Buyers (Bids)

No. Vol. Price($)
3 3317 $4.99
 

Sellers (Offers)

Price($) Vol. No.
$5.04 1291 1
View Market Depth
Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
MYX (ASX) Chart
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