Guys, the biggest alarm bell in this report is EBITDA. Down 41.6%.
Two paragraphs that should really worry people.
As a result of the reduction in sales, Myer was successful in its application for the Australian Government’s JobKeeper Payment Scheme, which ensured a significant number of roles could be maintained during this period. Of the $93 million that was received by Myer, a total of $41 million was paid to Team Members whose remuneration was lower than the required income threshold. Several other payment deferrals, as well as rent relief, were also negotiated.
“As a result of the prudent approach to preserving cash, disciplined cost control, support from the Australian Government and other payment deferrals, and despite the loss of revenue and earnings as a result of the store closures and reduced foot traffic, the Company finished the period with a net cash position of $7.9 million representing a $46.6 million improvement on the prior year"
In isolation that reads badly. With the rest of the numbers, it reads even worse.
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- Ann: FY20 Results - Release and Presentation
Ann: FY20 Results - Release and Presentation, page-28
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81.0¢ |
Change
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Mkt cap ! $673.7M |
Open | High | Low | Value | Volume |
81.0¢ | 82.0¢ | 79.3¢ | $791.1K | 981.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 629 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 255825 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 629 | 0.810 |
4 | 40927 | 0.805 |
1 | 9600 | 0.800 |
2 | 22400 | 0.795 |
2 | 10024 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 255825 | 12 |
0.825 | 92963 | 4 |
0.830 | 179265 | 11 |
0.835 | 164400 | 2 |
0.840 | 190400 | 5 |
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