I didn't want to start a new thread so i thought I will post this positive information here with other holders!
I got in not long ago when SP around $0.50 seeing the transformation and feel confidence in the management handling of the business despite COVID, and I feel the SP current is still attractive and more upside!
I have been checking how their online business is doing, and I am very impressed so far. You can see the monthly changes on similarweb
https://www.similarweb.com/website/myer.com.au/
Even though Myer's website traffic has a slight drop in Oct (down 2.9%) , comparing to David Jones (down 7.1%) and Kogan (down 6.61%), they are holding up really well as most other online shop traffic has dropped thanks to reopening.
I would expect the upcoming half yearly report to be very encouraging due to reopening of stores. I will be looking to topping up if the SP drop towards the $0.50 which has very strong technical support. GLTAH!
Ann: CEO Presentation to Shareholders, page-14
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Last
91.0¢ |
Change
0.005(0.55%) |
Mkt cap ! $762.1M | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 92.0¢ | 88.0¢ | $3.496M | 3.838M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27393 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 129938 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MYR (ASX) Chart |