Sabman, there is a point at which a stock is oversold, and a good entry. I believed MYR was in this position Thurs which is why I bought in then at 82.5c. Yes MYR management were useless, yes they HAD a lot of debt. However MYR is a brand that has positive consumer recognition, and great locations. and revenue. It might take new management, a T/O and strategy for it to work, in the same way it worked for DJ's when woolies took them over, but if this happens they could be spinning out $. The ducks are also lined up for a corporate play and better management now IMO. Entering at 82.5c or 90c at a discount to the Goldies aquisition at 94c seems to me to be a reasonable risk to take.
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Last
80.8¢ |
Change
-0.018(2.12%) |
Mkt cap ! $671.6M |
Open | High | Low | Value | Volume |
82.0¢ | 83.5¢ | 80.0¢ | $431.7K | 530.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 19520 | 80.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 26961 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 18018 | 0.805 |
13 | 92496 | 0.800 |
5 | 13209 | 0.795 |
12 | 67926 | 0.790 |
6 | 101149 | 0.785 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 26961 | 13 |
0.815 | 27080 | 11 |
0.820 | 82935 | 9 |
0.825 | 30768 | 5 |
0.830 | 108878 | 6 |
Last trade - 13.57pm 11/09/2024 (20 minute delay) ? |
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MYR (ASX) Chart |