if I had to take wild guess it may be little above normal results but as stocks are future so I think any positive guidance shall put the rocket under the SP....couple strong reasons to believe that is surely happening....
- shorts unwind to great extent - huge Director buying consider as insider buying in good way - significant SH buying
overall generics demand in India has also been strong and have done well on bourses...
I am looking for MYX to cross 0.50c and reach to 0.70c realistically following this results as new longs will start entering following results...
liquidity worldwide isn’t a problem currently and buying some tech stocks like ALU doesn’t make sense to me on p/e ranges of 50-70 which has now single digit growths....
stocks such as CSL and COH has also been proved laggard in this rally and I think market needs new leaders such as MYX...
all I would be looking in results is
- FCF - some solid guidance - plan for debt reduction or resuming divvy
i would love the idea of more Director buying more but I believe they would be in blackout period!!
this is way way undervalued stock and fundies will be loooking to enter following this half-yearly....
dyor
MYX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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