MYX 0.66% $4.60 mayne pharma group limited

Earnings Downgrade

  1. 24 Posts.
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    Looks like the analyst have revised the earnings per share for 2015 from 4c plus to 3.1c. Not sure how they arrived at that from the annual report. I have read about concerns with the development pipeline transparency.

    "MPl revenue expected to be down in FY15 as a result of reduced branded US Doryx™ sales reflecting the recent lower underlying prescription volumes and anticipated resultant destocking at Actavis and lower licensing fee income"

    Doryx was a big earner for them before they bought Metrics .

    Based on current earnings the PE is 24. That is pretty strong. CSL is 25.32 which is a superior company. Not sure MYX is going to retrace based on fundamentals.

    Any thoughts???
 
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