Agree with you fastback. i think there is good value here and there has been accumulation going on recently. At any other time, todays results would of seen a decent bounce in the share price.. but not in today's crazy market. This market is irrational at the moment with so much fear and doom and gloom with the corona virus. Most of the general public carry this sense of fear which you can see by the toilet paper craze. Nobody wants to invest in a department store at these times as they have to much fear of losing there hard earned money. All it takes is some calming news about corona and the federal gov issuing a stimulas package to get people spending more and sentiment can turn quite quickly. I am definitely holding after todays results as i think John King is doing an excellent job turning this ship around considering the difficult macro environment. I still believe we are overdue for a rally in the share price soon, even more after todays solid result.
MYR Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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