current price is to be considered as a cheap one
min 0.35 (26/3/18) max 3.76 (13/9/10)
with reasons:
1. p/e ratio: 13.22 ; market 13.46
2. debt/equity ratio: 25.5%, market: 27%
3. earning stability: 80.7%
4. cut cost: 30 executives forced to exit the ailing department store 03.09.18 news
5. Cash flow still positive refer to 12.09.18 press and media release
6. loan will extend to 2021 refer to herald sun media 11.09.18
7. Myer shopping experience is evolving https://beta.myer.com.au/
8. more discount - clearance up to 50% off
9. Myer cash back offer up to 3.6% with price pal and 2.8% with cash rewards
10. and if they are back on track, hopefully dividends will be issued again
March for interim and Sep for final
MYR Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)