Interesting comments from both sides of the fence. I believe the trend from here for MYR is up. The FF dividend puts a floor under the share price - where that floor is I am not sure but possible around $2.00 - 2.05.
The challende for MYR is to accept was is happening in their market space ( i.e. 'the rise of internet sales'), understand what others are doing to address that, look at what is working (profitably) for other retailers and make the changes necessary. MYR is a little bit like a battleship - very slow to change direction. It needs to stop trying to defend its territory but rather - if you can't beat them, join them. I believe it needs to develop a sophisticated separate on-line sales division. As I see it MYR is presently only playing in that field - it needs to get real. I am sure Lew can see this need.
I believe that Lew can see an opportunity and here is one begging to be given new life, a change rather than "same old same old". Lew may not be interested in MYR but you can bet your bottom dollar that he is watching closely - very very closely.
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Last
82.0¢ |
Change
-0.035(4.09%) |
Mkt cap ! $686.7M |
Open | High | Low | Value | Volume |
85.5¢ | 86.0¢ | 82.0¢ | $450.3K | 542.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47000 | 81.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 1035 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 47000 | 0.815 |
4 | 134250 | 0.810 |
1 | 6211 | 0.805 |
1 | 8800 | 0.800 |
2 | 8797 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 4481 | 2 |
0.840 | 10000 | 1 |
0.845 | 6211 | 1 |
0.850 | 1120 | 1 |
0.855 | 12015 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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MYR (ASX) Chart |