What's missing Flyer...is 4 years of value destruction, over-paying for acquisitions through dilutive share raising and then writing down the goodwill 2 years later. An ROE of -26%, A ROC of -24%, sales growth of -17% and negative EPS for 3 years. Net profit that hasn't been positive since 2018 and on a TTM is still negative. A complete lack of confidence in a management team that promises lots but cannot execute consistently and changes strategy with a waft of wind. Market, Instos and anyone with a brain would be looking for 'evidence' now. They need to underpromise and over deliver for 2 years before they earn a re-rate
MYX Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
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