MYR 2.16% 82.8¢ myer holdings limited

Ann: CEO Presentation to Shareholders, page-14

  1. 15 Posts.
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    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!

    I have been checking how their online business is doing, and I am very impressed so far. You can see the monthly changes on similarweb
    https://www.similarweb.com/website/myer.com.au/

    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!
 
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