MYX 2.38% $5.16 mayne pharma group limited

It will be interesting if holders sell down a portion of their...

  1. 470 Posts.
    It will be interesting if holders sell down a portion of their new shares to lock in some profits considering they will be issued at a discount well in excess of 50%, it may also cause some short term instability to the SP.

    I was also surprised to see the top up shares honoured at 84% (approx) which is a very healthy profit if you have been an existing holder. There has been some instos put some prise targets on MYX from mid .90 cents up to $1.15. It will be interesting what value the market put on MYX and how it will perform over the next 6- 12 months with the acquisitions of the Doryx and the US generic products.

    Cheers Matsim
 
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