I Have 3 models for costing at different growth rates 3%, 7%, 12% and valuations are $0.38, $0.44, $0.53 ($0.51 is MorningStar valuation).
I expect the report to start with a depressing note due to C19, but on the positive side there would be :
Rent reduction,
Salaries taken care due to JobKeeper/ Seeker,
800% online sales growth (last reported $292m online sales in 2019)
H12020 reported sales of $1607m
H12020 online sales were $162 therefore with growth of 800% >> $162 x 8= $1296m
Based on this total sales $1607 + $1296m= $2,903m
Total sales in 2019 were $2991m
and then Q2-2020 AFR reported very high retail sales,
(Australians did not spend $186b sports gambling/betting , did not spend $36b on travel, and then there was $10k & $10k super withdrawal, and $1500 JK/ JS handouts - some of this would have been spent on online shopping)
I believe MYR would have achieved their annual targets. .....IMO...DYOR.........
(20min delay)