I didn't want to start a new thread so i thought I will post this positive information here with other holders!
I got in not long ago when SP around $0.50 seeing the transformation and feel confidence in the management handling of the business despite COVID, and I feel the SP current is still attractive and more upside!
Even though Myer's website traffic has a slight drop in Oct (down 2.9%) , comparing to David Jones (down 7.1%) and Kogan (down 6.61%), they are holding up really well as most other online shop traffic has dropped thanks to reopening.
I would expect the upcoming half yearly report to be very encouraging due to reopening of stores. I will be looking to topping up if the SP drop towards the $0.50 which has very strong technical support. GLTAH!
MYR Price at posting:
53.8¢ Sentiment: Buy Disclosure: Held
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