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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I haven't checked that market, but it's probably on the money...
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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. |
---|---|---|
$4.89 | 794 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 4.800 |
1 | 1200 | 4.750 |
1 | 1200 | 4.700 |
1 | 10000 | 4.670 |
2 | 3180 | 4.660 |
Price($) | Vol. | No. |
---|---|---|
4.950 | 545 | 1 |
4.990 | 200 | 1 |
5.000 | 28515 | 7 |
5.020 | 1091 | 1 |
5.070 | 2000 | 1 |
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