Do you think the markets were pricing In more stock would have...

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Dabble010

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04/12/24

22:18

Post #: 76922281
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Originally posted by Hadrian: ↑

On a day like today, it's worth remembering how wrong markets can be:

In February this year, MYX reported these key figures to the market:
Underlying EBITDA +$8.0M (for 6mths), Underlying Cashflow from continuous operations -$19.2M (for 6 months), Nextstellis cycles for the last months (Dec) 40K, share price rose to $7.4
First 4 months of FY25, just 2 weeks ago, MYX reports these equivalent figures to the market:
Underlying EBITDA +$14.7M (for 4mths), Underlying Cashflow from continuous operations +$16.1M (for 4 months), Nextstellis cycles for the last month (Oct) 51.5K, share price drops to $4 and recovers to $5.2.

I think this is a great buying opportunity. I know that I have selectively left out the somewhat mediocre dermatology result but EBITDA, Cashflow and Nextstellis cycles are the main drivers right now.

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Do you think the markets were pricing In more stock would have been bought back in the future when the SP hit $7.40 ?

My question, if I got a minute of the board and senior managements time is why only issue out notification of the buy back to cease now?
Surely after forking out millions in a court case settlement, back then would have been a more logical and appropriate time to update the market?
MYX Price at posting: $5.15 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $5.34		Change 0.000(0.00%)		Mkt cap ! $433.8M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	278	$5.49

Sellers (Offers)

Price($)	Vol.	No.
$5.23	95	1

View Market Depth

No.	Vol.	Price($)
2	685	5.500
2	278	5.490
5	629	5.440
1	182	5.400
1	181	5.370

Price($)	Vol.	No.
5.250	3216	1
5.320	344	1
5.330	2000	1
5.340	6493	3
5.350	30855	4

Last trade - 10.06am 19/06/2025 (20 minute delay)

MYX (ASX) Chart

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