Mayne Group Limited

By Intelligent Investor · 2 May 2003

By Intelligent Investor ·
2 May 2003

Recommendation

Melbana Energy Limited - MAY

Current price

$0.06 at 12:50 (19 April 2024)

Price at review

$2.93 at (02 May 2003)

All Prices are in AUD ($)

Health group Mayne will incur costs of $15-20m recalling products after supplier Pan Pharmaceuticals had its licence suspended. Pan makes about 70% of Australia's vitamins and is a big supplier to Mayne's Faulding division, which owns Cenovis amongst other labels. These products are only a small component of total business so there's no cause for panic. Although Mayne stands to lose a supplier, it could also lose a major competitor with Pan's products stripped from the shelves. The stock has hardly budged since issue 124/Apr 03 (Hold while Unstable - $2.95). HOLD WHILE UNSTABLE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Mayne Group Limited

Recommendation

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password

Recommendation

Mayne Group Limited

Recommendation

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password

Join the Conversation...

Recommendation