Never thought i would be defending myer when i woke up this morning and to set the record straight this business is far from investment grade or me but a capital raising wont be required for at least 12 months. Fcf is 110m and that period included didvdend .....cash up creditors down.....I am not saying they are no chance of breaching covenants when they report in august but if they do a renegotiation of same is much more likely than a capital raising.
In fact if they could get someone who can get them even a 2% revenue growth on same store sales basis the stock would be an absolute bargain at these prices.
MYR Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)