Ah Charts with 1.764 billion shares available in the market and according to Westpac broking service, forecasts earnings of -1cent per share this year and +1.5cents per share in 2023, I will be astounded if this thing takes off like a rocket. At a PE of 30 in 2023 that takes the SP to 45 cents and sees a lot of retails remaining heavily under water. All people need is Mayne purchasing the rights to Mithra’s next generation menopausal products and gifting away another couple of million shares and before we know it Mayne will have 2 billion shares on offer…Talk about dilution. As I’ve said before can’t see any rocket taking off at all or if it does it’s likely to come crashing straight back to earth as it did when it hit 59 cents…. Mismanagement and dilution killed this company’s prospects off a long time ago. A 10 for 1 consolidation will certainly boost earnings per share. If Mayne is cheap why no buyback, why no T/O offer?
MYX Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
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