Years ago when I worked for Myer in the days when it was Coles Myer we had a huge GP and shares in Coles Myer was returning a good dividend. Coles decided to sell Myer to Newbridge Capital. Senior store management went spruiking how the IPO price of $4.10 was an outstanding price. As a manager I performed my own due diligence and quickly realised the fair price was $2.00. Sure enough weeks after the IPO the price dropped to $1.97. I just watched with interest as it steadily dropped to what it is today.
groovy baby, page-2
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Last
87.0¢ |
Change
0.025(2.96%) |
Mkt cap ! $723.6M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 88.0¢ | 84.0¢ | $894.4K | 1.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7358 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 38035 | 3 |
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| MYR (ASX) Chart |