MYR 0.61% 82.5¢ myer holdings limited

Ann: Ceasing to be a substantial holder, page-13

  1. 255 Posts.
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    Nothing to worry about as it seems credit swiss has swapped positions with investors mutual ltd:
    - Credit swiss became a substantial holder on 20/03/2020 with 5.43%
    - They increased their holding to 6.69% on 24/03/2020
    - They increased their holding again on 8/4/2020 to 7.76%
    - Once more credit swiss increased their holding to 8.9% on 20/04/2020
    - Befire 12/05/2020, investors mutual held 9.85% and they ceased to be a substsntial holder with this announcement
    - Premier investment (Solomon Lew) still holds 10.77%
    - Wilson asset mgt still holds 7.76%
    - Dimentional entities still holds 7.01%
    - And Vivna investment still holds 5.45 %

    It is hard to know why investors mutual sold but no need to worry as other substantial holders would run for an early exit if it is a sinking ship..Credit swiss recently increased their holding as i have shown above.

    Relax and keep faith in Myer..Good luck to all holders!
 
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