Strongly disagree, this is not the MYR of 5 years ago.
Online sales of $500m accounting for 15% - 20% of total sales and growing at > 60% p.a. Online sales will be $1bn by 2023 and they will use COVID as excuse to continue to exit underperforming bricks and mortar store.
On any metric as an online player MYR is undervalued at a market cap of only $250m, MYR will be $500m cap within 1 - 2 years.
I provided a comparison a few months on HC when share price was about 20 cents, first stop will be 50 cents and then to $1.
Retail Figures, page-135
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $665.4M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 78.5¢ | $218.7K | 275.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93000 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 122792 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |