It's true myx is in a period of earnings uncertainty but the point that gets missed here is not the earnings impact but the impact of sentiment on PE.
Personally I have taken the approach of assuming weaker EPS this year (6c ) and growing very slowly in future years. The question is assuming even this case is a Forward PE of only 11 appropriate.
The reality is that the market has completely wiped off the entire value of the generics acquisition and this i feel is extreme to say the least . Before the generics acquisition MYX was trading on a PE of 25 due to the high growth of its other business. This growth continues therefore I think a Forward PE of 13-15 is warranted which would suggest a price of 78-90 as more appropriate . Sentiment is a powerful factor and the secret is to buy when this is low of one thinks the underlying business trades at a discount
- Forums
- ASX - By Stock
- MYX
- Chart
Chart, page-9
-
- There are more pages in this discussion • 527 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 MYX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.57 |
Change
0.010(0.22%) |
Mkt cap ! $387.9M |
Open | High | Low | Value | Volume |
$4.55 | $4.64 | $4.53 | $297.7K | 65.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1170 | $4.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.57 | 734 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1393 | 4.560 |
17 | 2703 | 4.550 |
17 | 7115 | 4.540 |
6 | 5351 | 4.530 |
3 | 1060 | 4.520 |
Price($) | Vol. | No. |
---|---|---|
4.570 | 1211 | 22 |
4.580 | 7802 | 11 |
4.590 | 6839 | 11 |
4.600 | 38934 | 10 |
4.610 | 3604 | 6 |
Last trade - 14.02pm 26/06/2024 (20 minute delay) ? |
Featured News
MYX (ASX) Chart |