MYX 4.50% $4.03 mayne pharma group limited

General Discussion Topics, page-90

  1. 1,125 Posts.
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    I’m not a random. I previously held MYX Dude.
    When E4 was approved the stock pumped to
    59 cents and then got unceremoniously dumped.
    Buy the rumour sell on the news. If you go back
    historically and look at the share dilution and
    crunch the numbers you will see the wealth
    destruction over the years and then compare
    the predicted EPS in the coming years then
    you’ll possibly get the picture. As I’ve previously
    mentioned, if the Teva deal was financed by debt
    then this company would have been in administration
    a couple of years ago. Lucky for share holders
    SR had a thought bubble and raised capital at
    around 2 bucks I think it was. The share holding
    price is now barely holding above 30 cents. So
    I’m not sure what percentage loss that is over 5
    years but it’s substantial!!!! Then if you look at how
    much Mithra was gifted of the company you may
    start to gain a clearer understanding of how SR
    operates. The company remunerates him to manage
    the company for the benefit of share holders. Not too
    many long term retails who are happy with his long
    term performance. Myring was looking to be approved
    around 2 or 3 years ago now but alas another balls
    up unless you ask Charts. Load up the truck, the
    train’s about to leave the station, the rocket’s about
    to take off…..only nothing has happened other than inept
    communication and wealth destruction unfortunately for
    LT retails. Not everyone has a vested interest in warning
    others about getting caught up in Mayne other than to
    warn people who maybe a little naive or not know some
    of the history behind the so called sour grapes on this
    company. At the right price preceding a good news
    announcement traders will do well but the price upwards
    is unlikely to hold. The spike to 59 cents has almost being
    totally obliterated. I’ll be glad for everyone if you get some
    genuine positive news on announcement day but I wouldn’t
    hold your breath. This company is almost exclusively run
    by old blokes advocating women’s health…a bit ironic
    really. Oh but don’t forget there’s always LP putting out
    announcements in between filing her nails if she has the
    time. At least she could be a referee for SR….He’s the best
    boss I’ve ever had…..cheers and GLTAH
 
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