You must be a new investor who did not go through the GFC. This is not yet even a technical correction let alone a selloff. Expect that sometime in the next 18 months, no one can predict the timing. In a market selloff this could get beaten up very badly. In addition, Tech in general is on the nose so MYD is not alone.
The way I see it, there are some positives. Business is growing. They have adequate cash so a cap raise not needed for a while. Management has a lot of skin in the game and will push this in the right direction. Due to the large promoter holdings and low% in the market, skittish investors possibly create an exaggerated effect on the price. However, any change in profitability and this could jump rather sharply.
I guess longer term investors like me will just have to accept the short term pain.
- Forums
- ASX - By Stock
- MYD
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online