I'm assuming the class action won't come out of the half to be...

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Bearwolf

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22/08/24

17:01

Post #: 75329739
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Originally posted by Hadrian ↑

I know the feeling Raj, this time there's a lot at stake for management. For me the CEO has been very clear and consistent about what to expect for FY 24 and his credibility is on the line if it is not achieved.

What I'll be looking for in these results primarily is cashflow, MYX needs to show that it is cashflow positive for continuing operations for the second half at least (there was a A$19M outflow from ongoing operations in the 1st half). That together with a total elimination of legacy costs from discontinued operations (they reported in the 1st half further obligations between A$10-20M left). So the upper end of total cash burn for the second half is $54M (A$34 for class action) less whatever positive cashflow from continued operations. I am hoping to see cash balance of about A$100M and a forecast of $50-100M additional cash flow in 2025.

I will also be looking for growth from the 1st half in WH (as stated as late as June), I am resigned to a small growth for the second half but this area of growth is critical for the company.

Given the multiple times that management has reiterated its forecast, I can't see how this is not going to go up tomorrow, we are trading at equivalent levels to the 2023FY report when we reported A$185M revenue and A$317M loss.
GLTAH

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I'm assuming the class action won't come out of the half to be reported tomorrow and will instead come out of the current half (July-December 2024) since the settlement announcement was made on July 2. Bought again today.

MYX Price at posting: $3.94 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $5.34		Change 0.120(2.30%)		Mkt cap ! $429.7M

Open	High	Low	Value	Volume
$5.29	$5.34	$5.15	$705.4K	133.2K

Buyers (Bids)

No.	Vol.	Price($)
2	2000	$5.31

Sellers (Offers)

Price($)	Vol.	No.
$5.34	3653	3

View Market Depth

No.	Vol.	Price($)
2	2000	5.310
1	864	5.290
1	28009	5.280
2	2631	5.250
1	402	5.240

Price($)	Vol.	No.
5.340	3653	3
5.350	16680	3
5.370	1631	1
5.390	1631	1
5.400	26805	3

Last trade - 16.10pm 18/06/2025 (20 minute delay)

MYX (ASX) Chart

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