Nah, I was never a big wheel and didn't mean to give that...

Nah, I was never a big wheel and didn't mean to give that impression. I started working there about 10 years ago just after the GFC hit so was pretty thankful to have a job and in a global shop with a good reputation.

I worked in the Portfolio Implementation team, which supported the 2 equity investment teams (Australian Equity and Global Listed Infrastructure) based in the Sydney office, and a few others based in the Tokyo and Seoul offices to a lesser extent. The role was a conduit between the Portfolio Managers and the trading desk or an attempt at a risk function to sit between those that make the investment decisions and those that execute them.

The role involved preparing and presenting daily institutional client portfolio reporting to the PMs so they could make their rebalancing decisions. I prepared the order tickets, ran them through a compliance check, and then coordinated those with the traders. Coincidentally and to keep this post somewhat on topic, when their trading triggered a substantial filing I was responsible for reconciling the trade data to determine that a change had in fact been triggered, and then work with the Company Secretary to lodge the ASX notices such as the one at the start of this thread.

I wanted to become an equity analyst at the time but as the Sydney office was a relatively small business, perhaps 30 staff across the business in total, there were limited opportunities. There was one internal opportunity that I missed out on to another staff member, he already had his CA and had an accounting background which was a favoured skill set at the time. I had done a Masters in Applied Finance and thought I was pretty well placed for it but not to be unfortunately.

I considered trying to make a move as a trader but I didn't have the bravado personality type most likely required. Most of their traders came from the sell side so I wouldn't have lasted long lol and in hindsight I'm thankful I didn't get the chance.

In the end I left to try for a client facing role, and after that ran its course I still ended training up as an analyst anyway and completing the CFA Program. That was probably the most useful bit of studying I have ever done, and it has fortunately opened a few doors.

Anyway, I'm no longer working in that industry and I think have since realised that noone has exclusivity on making money. You seem to do alright with your trading and investments, and from what I can gather is mainly self learnt. Good for you.

The macro headwinds were related to some consolidation of their customer base within their generics vertical. That empowered those customers to renegotiate supply contracts resulting in a deflationary environment. That played out over 2017 and I think most of us holding MYX are hoping we are starting to see that slowly unwind.