Ann: AGM - CEO Presentation, page-43

I have sold, but may buy back in at some stage, although much greater returns from thermal coal.

In the MYR Melbourne CBD flagship store twice today - 1100 and then 1720 hours, latter being much busier - it was notable how many in front of me for the 5th floor food and separately appliance sections had MYR One cards. I'd say 70 to 80 per cent, which tallies with what MYR says is penetration of about 70 per cent of sales.

Being in-store, one is not exposed to MYR's growing online sales, although with stores open and no masks required, much easier now to visit a physical outlet.

Shoppers seem to love the MYR Tuesday homewares sales. Have a squiz at its website today: one item I bought (a BRG air purifier) was A$50 cheaper than at WOW's Big W. Amazingly good value, but hopefully still profitable for MYR. I wish for the sake of SH they'd reduce the discount from 40 per cent to say 25 or 28 per cent, but presumably the MYR marketing gurus know the demand elasticity.