MYR 0.55% 91.0¢ myer holdings limited

break up value, page-10

  1. 357 Posts.
    Seeing as nobody else here seems to be prepared to open the annual report, I have generously done it for you.

    Page 53 of the 2010 annual report discloses freehold land with a cost base of $10.1 million and freehold buildings with a balance sheet value of $17.5 million.

    Myer is a tenant not an owner of property, make no mistake.

    They do have "plant and equipment" and "fixtures and fittings" worth a total of about $370 million however. In a fire sale i am not sure that they would bring in that much.

    Anyone for a second hand cash register?
 
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