As I said in my original post, I don't know why the drop occurred and was maintained until now. I have a huge amount of historical data on this stock and the current guidance given on Monday which will be confirmed in two weeks correlates this stock at around $10 (plus or minus $2) now.
Perhaps the market is awaiting a positive NOPAT result (this probably won't happen this FY but will be close), given the increase in EBITDA for small increases in revenue this half, if this company reports around $460-$480M in revenue in FY25, we could have north of $90M in underlying EBITDA.
In short, I don't know why it's trading in the $5s now, we really do need a few big players to run the ruler over the stock and buy 10% of the company but that isn't happening now.
MYX Price at posting:
$5.64 Sentiment: Buy Disclosure: Held
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