One thing I have observed in the markets over the years is be very careful about which broker recommendations you buy in on. Some brokers will be recommending buying while they are actively doing the opposite. When I did my figures on Mayne’s debt and looked at historical shares and the increasing allocation of them I didn’t like what I saw hence my decision to get out. Of course if additional share means increasing profits and dividends then that is great. I think Mayne has only paid one dividend in 10 years so not a great track record. There is always a price to buy in at and a price to sell out at. Mayne is high risk, possibly high reward but it’s track record has been far from satisfactory according to many past and present retail holders….
MYX Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
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