MYX 3.19% $4.85 mayne pharma group limited

I haven't checked that market, but it's probably on the money...

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  1. 167 Posts.
    lightbulb Created with Sketch. 95
    I haven't checked that market, but it's probably on the money atm (shorting)

    We only have a little time until the Jan div, cap return and consolidation. In the time between now and then it is hard to see that there will be *any* announcement which will have a positive influence on the SP.

    Assuming all goes through as expected I find it highly unlikely that come Jan 24, 2023 that

    (24/1/2023 - MYX SP) > (19/1/2023 MYX SP - 6.5c * 20)

    Or using today's SP 20c - do you see this:

    MYX 24/1 SP being $2.70 or higher assuming they were a 20c stock on the 19/1 and have returned $1.30 per 20 shares held pre.

    It is likely that some people will get out after the return and it's difficult to see more than Mum & Dad or small time investors actually picking up the stock. It has been a considerable time since a company director bought stock; let alone a fund manager.

    For the faithful it is really enjoying the small $ returned, and as someone suggested; if you have complete faith in this board being able to turn this company around; taking advantage and average down your investment... Remember, as mentioned in the update, we also have horrendous HY results to weather before the sky even has a chance of clearing on this stock.




 
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Last
$4.85
Change
0.150(3.19%)
Mkt cap ! $412.6M
Open High Low Value Volume
$4.74 $4.94 $4.67 $1.050M 218.9K

Buyers (Bids)

No. Vol. Price($)
1 89 $4.84
 

Sellers (Offers)

Price($) Vol. No.
$4.89 794 1
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Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
MYX (ASX) Chart
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