I have a simple way of looking at this Myers now being listed on the ASX....
They are a over priced super store, they have been suffering in the FC... So in order to make sure they stand some sort of chance of survival encase of a rocky road heading into 2010 (as xmas is there money maker), they have now taken the publics money at a premium price upon listing... everyone would have been better to go help them by purchasing there over priced goods...
Sorry to holders, but after all these years of never being listed, now there listed, makes you wonder how desperate they are...
Can hear it now, " Oh our books are looking terrible, if we continue like this the Myers generation will be a thing of the past, we’ve been over pricing goods for ages and this hasn’t helped... what can we do?????????........ Oh I know, list on the ASX, we can get money for nothing, that will get us through for another year..."
MYR Price at posting:
$3.80 Sentiment: Sell Disclosure: Not Held
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