MYX mayne pharma group limited

I have been bagging this stock for quite a while and have a warm...

  1. 5,319 Posts.
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    I have been bagging this stock for quite a while and have a warm inner glow looking at the share price.
    There is a saying "a fish rots from the head" and it is a widely acknowledged truism.
    The head of this company and the board and leadership team are all part of the problem.
    They are lacking in experience, wisdom, commercial acumen and integrity.
    After creating this fiasco, they should all have the honesty to admit they are out of their depth and resign.
    But these pretenders have egos bigger than the sun and are incapable of acknowledging any error or shortcomings.
    This stock has not bottomed - and its not screamingly cheap.
    A new generic generally has a few years when it can generate reasonable margins after which they need another new generic.
    The generics game is a low margin treadmill - and you need scale as well as the technical capability to develop new genetics.
    MYX has neither.
    I expect it to trade down to 20c - bottom end of my previous 20-25c range forecast.
    Essentially, it's a dog and you are better off in a real cash generator rather than holding for a turnaround.
    Miracles do happen but hope is not a strategy!
    DDD
 
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(20min delay)
Last
$5.08
Change
0.010(0.20%)
Mkt cap ! $412.7M
Open High Low Value Volume
$5.13 $5.15 $5.08 $445.2K 87.01K

Buyers (Bids)

No. Vol. Price($)
1 810 $5.08
 

Sellers (Offers)

Price($) Vol. No.
$5.15 2033 2
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
MYX (ASX) Chart
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