New Sub holder mitsubishi bank average buy in price seems to be about .20, maybe thats why .19/20 looks like a strong based at the moment.
They have been lending out their stock also to the Shorters. Its a win win, it lets them possibly buy more cheap stock,(6.26% now) with the ball in their court to burn the shorters any time they feel the time is right.
With over 10% of the stock still getting shorted then once some good solid news comes though this will take of like a rocket... maybe if there is a big shake up at the AGM ? Maybe if they close a few of the poor performing stores ? Or even completely change the in store experience. They have the name already, now they just need the plan.
You think Mitsubishi would buy in, if Myer was headed to administration any time soon ? They are the 5th biggest bank in the world, I think they know how to get a return on their $10 million.
Victoria should be out of lockdown soon, with Harvey Norman, JB , Kogan doing well at the moment.
No doubt there will be a bumpy road ahead, but hopefully Myer can join them if they can update the in store sales experience so the customers feel more exclusive, change the in store settings and products sold and push their online business Amazon style .40 should happen in a hurry... Maybe even $1 with in 2 years.
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