Australia's largest stock trading and investment forum Australia's #1 stock forum

MYX

Click for more information

2.20%

$4.90 mayne pharma group limited

yes Hadrian I also believe Mithra will go under. The last I...

First 10 Last

Share
Profile

Follow
Patrick31

1,345 Posts.

263

29/04/24

22:10

Post #: 73568734
Share

Originally posted by Hadrian: ↑

Kami, the answers to the questions you are asking are already out there. The last buy back statement said about 3.5M shares had been bought so far and the finish date for the first 10% ends on the 24/5/2024. The next 5% ends in November. So we are obviously not going to buy back anywhere the 4.5M remaining, but they don't have to: the announcement stated up to 10% of the issued capital.

I believe that we will get a trading update very soon. This management unlike the previous management has given a quarterly update every quarter since the new CEO started and I think they are committed to this frequency in communication.

On another observation about the Mithra statement, they're re drafting their Annual Report as a "company in discontinuity" as opposed to an ongoing concern, that together with the trading halt may indicate that they are about to fold.

Expand

yes Hadrian I also believe Mithra will go under.
The last I remember of manufacturing of Nextellis
was in Germany I think. I now wonder what is in store
with future ownership of the rights to this product.
Really our one truly major asset other than Salisbury.

MYX Price at posting: $7.11 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 12 more messages in this thread...

First 10 Last

Add MYX (ASX) to my watchlist

(20min delay)
Last $4.90		Change -0.110(2.20%)		Mkt cap ! $416.8M

Open	High	Low	Value	Volume
$5.00	$5.07	$4.88	$1.060M	213.2K

Buyers (Bids)

No.	Vol.	Price($)
3	2827	$4.86

Sellers (Offers)

Price($)	Vol.	No.
$4.90	340	1

View Market Depth

No.	Vol.	Price($)
3	2827	4.860
2	1977	4.850
2	5777	4.840
4	4798	4.830
1	1000	4.810

Price($)	Vol.	No.
4.900	340	1
4.920	745	1
4.930	777	1
4.940	777	1
4.950	777	1

Last trade - 16.10pm 04/06/2024 (20 minute delay)


Last $4.90			Change -0.110 ( 1.98 %)
Open	High		Low	Volume
$5.02	$5.06		$4.88	55713
Last updated 15.59pm 04/06/2024 ?

MYX (ASX) Chart