Myer net cash $186Mln. Mkt cap 521.5Mln at todays price of 63.5cents. Enterprise value at 335Mln. Without paying tax, it’s earning is 85mln. So if you use this metric, I can buy the whole of Myer by borrowing from bank and pay my bank debt off in 4 years time. What business of this size that you can payoff in 4 years? Is Myer undervalued? Significantly!!
(todays share price action is an accumulation behaviour. I bought more at 60.5cts today. Next leg up we will see it in the 70s soon).
Ann: Trading Update for FY22, page-101
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 (20min delay)
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Last
87.0¢ |
Change
0.025(2.96%) |
Mkt cap ! $728.6M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.5¢ | 84.5¢ | $734.1K | 847.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8696 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 46779 | 5 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |