Mycelx Technologies (MYX)

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Mycelx Technologies MYX Logo

A clean water technology company for the oil and gas industry’s water treatment needs.

Mycelx Technologies (MYX) – 230p – £86.5m – PER 15.1

New Project Award And Trading Update – New order and guides FY revenue of $25m – $26m in Revenue and $2.4m to $2.8m Net Profit.

I am long here and this is the kicker I was hoping for before year end – I will continue to hold for now as I quite like the outlook here.

13-May-2019 – 205p – £77m – PER 45.6

Results For The 12 Months To End December 2018 – Revenue up 96% (to $27m), Net Profit $3.1m (-$1.2m loss last time). Look to be successful not just in Oil and Gas but in other commercial and industrial markets too.

This looks like a bit of a beat to me, I remain Long.

14-Jun-2019 – 188p – £37m – PER 16.1

Trading Update – Trading Q1 but delays to some projects, moved to 2020. Revenue and Profit to be below expectations, circa $20m and $0.5m.

I am Long here and may well be changing that position this morning – This looks like a HUGE miss!

Subsequent note: I sold out here a couple of weeks later.

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