Yea, it's the fact that it was a $1.1B company at $1.40 a share; goes to $1.5B at $1.00 a share that could be a problem to shareholders.
For one, shareholders at $1.40 saw their share price dropped by 40% to $1. They got poorer but the company got 'richer', bigger. True that there was a rights issue and shareholders can take that up, pay more cash and have their ownership diluted by less than the total new shares outstanding (40% dilution?).
And true that while such investment may very well proved to be a great move to expand and reap rewards, until that profit came back to the company and are either paid out as dividend or being reinvested, shareholders in MYX as a whole hasn't gotten richer.
The executives has though. New colonies in the empire to busy working through. New incentives and options to encourage all that hard work. Higher pay etc. etc.
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Will discuss its ROE and other financial performance measures later. Will compare them to Hikma and SRX as I know those two somewhat alright. But scanning through the figures so far though, MYX is not a quality company judging by its track record.
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Yea, it's the fact that it was a $1.1B company at $1.40 a share;...
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$4.39 |
Change
-0.040(0.90%) |
Mkt cap ! $373.4M |
Open | High | Low | Value | Volume |
$4.44 | $4.48 | $4.22 | $618.1K | 142.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 693 | $4.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.40 | 2133 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 693 | 4.330 |
1 | 693 | 4.320 |
2 | 3793 | 4.310 |
2 | 1490 | 4.280 |
1 | 1085 | 4.220 |
Price($) | Vol. | No. |
---|---|---|
4.400 | 2133 | 2 |
4.410 | 693 | 1 |
4.440 | 1130 | 1 |
4.450 | 3649 | 3 |
4.470 | 1200 | 1 |
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