MYX mayne pharma group limited

It is very hard to know what is going on here. We know that...

  1. 14,638 Posts.
    lightbulb Created with Sketch. 1483
    It is very hard to know what is going on here. We know that management have twice confirmed year end forecast and that each division is now operating cash positive. TICK
    We know that management expect Nextstellis sales by unit are expected to continue growing. TICK
    We know that Adelaide Apothecary is working. TICK

    However we also know that over the last 5-6 years pre new CEO that management credibility was shot. CROSS
    We also know that current management screwed up the Nextstellis sales growth explanation and let too much chatter take off before coming out with re-iterated forecasts but I think the damage was done. CROSS

    So fundamentally company is on track but mass confusion on its key product and now overlaying that is the final collapse of Mithra and the estrogen business and IP acquired by Gideon Rechter. CROSS

    With so much swirling about I reckon a couple of decent holders have bailed out. CROSS

    I am hanging around and not selling but this shows you how skittish the market is when there is the mildest hint of trouble. And given the MYX record who could blame them.

    Cheers…….D
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$5.22
Change
0.140(2.76%)
Mkt cap ! $424.1M
Open High Low Value Volume
$5.15 $5.32 $5.10 $1.806M 346.1K

Buyers (Bids)

No. Vol. Price($)
2 12140 $5.22
 

Sellers (Offers)

Price($) Vol. No.
$5.29 6600 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
MYX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.