The stars are lining up for Myer
Exchange rate recovered and pushed above 70c
Job Keeper for 10,000 employees! One of the biggest beneficiaries on the ASX, especially with how retail sales have recovered. They would be laughing
Interest rates down. Finance costs have decreased enormously over the years. They’ll refinance soon too.
No net debt. Perfect timing with store closures in recent years and focus on the balance sheet.
Improved position with landlords. Landlords are cornered
Uncertainties are minimal now. Coronavirus risks/impacts. Government support.
Success with their online business
ETC
The stage is set. The shorters know this.. closing their positions as they know it’s inevitable. The stock price is due for correction. The doomsday scenario will not happen.
Ann: Becoming a substantial holder from MUFG, page-50
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Last
90.5¢ |
Change
-0.005(0.55%) |
Mkt cap ! $762.1M | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.5¢ | 89.5¢ | $949.1K | 1.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10458 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 10458 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| MYR (ASX) Chart |