MYR 1.03% 98.0¢ myer holdings limited

Ann: COVID-19 Business Update, page-114

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  1. 13,333 Posts.
    lightbulb Created with Sketch. 93
    Most #retailers outperforming market expectations. SSG total sales up 32% while online sales growth 387%.Not sure why MYR will stay behind in lease negotiation, reducing staff costs & improved online sales.
    Investors Mutual would be out soon with their TAX loss selling. So new buyers plus short cover will bring a good ride in coming months.

    Just look at MYX how bearish holders & investors were until last year & had huge short interests but management slowly transforming company from Generic to Specialised plus new JV & application submitted for FDA approval. 20c in March and over pre-covid level at 45c.

    MYR could repeat the same.




 
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