PhatProfo9t, the raising stuff could just be a rumour to get the price down, so that some dodgy crew could take it over? I was surprised that MYR would contemplate raising capital, although all these big companies could do with an equity injection.
Credit Suisse has an "outperform" rating on the stock, with a price target of $2. It expects MYR's net profit to fall this year by 13% and to rise by <2% in 2013 and 2014.
Bernie Brooks has said MYR may close underperforming stores, as growth in online sales undermines sales in bricks and mortar.
http://tools.afr.com/viewer.aspx?ATL://a3eefbe2-be9c-11e1-b0de-8bae6eb10c69§ion=tools
myr could have more bleeding if like tol, page-21
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Last
81.5¢ |
Change
-0.015(1.81%) |
Mkt cap ! $677.9M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.0¢ | 81.0¢ | $1.008M | 1.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7188 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 96969 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |