MYX 0.22% $4.52 mayne pharma group limited

Fundamentals Are Strong, page-817

  1. 20,493 Posts.
    lightbulb Created with Sketch. 2037
    Agree Teva comparison is not a good one . Their debt is now higher than their market cap and they will most likely breach debt covenants. Myx management were conservative in funding the teva portfolio with equity. 232 m net debt in Dec after a big spend on inventories . You would expect net debt at 200m of less now and I would expect Forward EBITDA at circa 195-205.
    I would love to see them pay down debt for a few more months and then try and pick up some more Teva assets even if it meant raising equity at these levels.
 
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