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0.90%

82.3¢ myer holdings limited

Ann: FY20 Results - Release and Presentation, page-38

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bobbygant

742 Posts.

61

10/09/20

12:31

Post #: 47236880
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Originally posted by PizzaComposer: ↑

What did people expect though, with Victoria being what, 22% of National GDP, and the reliance on tourism/students for foot traffic et al. the lockdown is decimating Myer.

EBITDA being down is more a reflection on the broader market impacts. The question we're asking is, is Myer going to position itself to ensure it rides out COVID and doesn't collapse on the way out of it.

Based off that, I like that they have finished the period with a net cash position of $7.9 million representing a $46.6 million improvement on the prior year and think that's a positive for long term prospects of Myer.

Instead of relying on Myer's commentary and reporting, I will be looking to government policy, and the broader market to determine my valuation for Myer. I'm more inclined to err on this side of reasoning, and today presents itself as an LT holder buying OP

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where were your comments prior to Announcement???

MYR Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 82.3¢		Change -0.008(0.90%)		Mkt cap ! $690.9M

Open	High	Low	Value	Volume
82.0¢	82.5¢	82.0¢	$239.9K	291.4K

Buyers (Bids)

No.	Vol.	Price($)
5	4194	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
82.5¢	35304	14

View Market Depth

No.	Vol.	Price($)
5	4333	0.820
6	8199	0.815
11	96968	0.810
10	126874	0.805
16	260235	0.800

Price($)	Vol.	No.
0.825	35204	13
0.830	88042	12
0.835	138443	10
0.840	244867	11
0.845	44018	8

Last trade - 12.36pm 01/10/2024 (20 minute delay)

MYR (ASX) Chart

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