Explain in Financial numbers why MYR is bad ??, page-72

Dont buy or sell because a HC poster tells you to.

Look at the financial facts,

H1 2018 total sales for the half year was 1.7 Billion, This company is no Chump.

The full year 2017 gross profit was 1.2 Billion.

The expected Net profit after tax for 1H 2018 is about 40 million , net profit after tax.

The Market Cap is 370 Million.

So the half year net profit after tax is 1/10th of the Market Cap.

If myer writes down any more non cash impairments, it menas they reduce their txable income and therefore reduce their tax payable.

Online sales are rising 50% per year.

Go ahead and negative this Company, but try doing so using Numbers rather than words.