Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
MYR
myer holdings limited
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Ann: CEO Presentation to Shareholders, page-5
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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Sharenot so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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Sharere: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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Sharere: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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Sharelook who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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Sharere: not so stupid now**hey big ears**** You got me there big fella,
I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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ShareThere are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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Sharesandune, you come across as being so deluded by hate.
The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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ShareVery direct, and good post. It's only others that will feel the shame for the directors TSS.
A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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Sharerogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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ShareSo you can see both sides of the story matty.
I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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ShareAgree seuss.
I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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ShareI know. Maybe I didn't explain myself very well.
There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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ShareWe'd have loved to play with your mind GZ, but this one is just uniquely weird!
We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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ShareI am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)
I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Answering questions, the Chairman was more confident and reaffirmed that the recommencement of dividends remains a priority.
Re its largest shareholder PMV, she said that to date, the MYR Board had been unable to reach agreement with PMV. She noted that PMV chose not to nominate Directors for election.
Re the MYR online business, it has grown from A$200 million in FY 18 to A$539 million in FY 21. There will be a continued focus on online. This will include Black Friday.
A holder complained about floor managers in Sydney not making it easy to find fashion items. The Chairman said it was a balance between 'brands' and 'similar items being together'. Some categories have been co-located. For instance, all the sporting wear in Melbourne is in the basement.
Re the payment of incentives to executives when the SP is at 13 per cent of the IPO price, the Chairman said the Board took account of feedback with the transformation incentive plan being the only one that delivered incentives. It believes this will drive improved shareholder value. There was sales growth overall and a net profit in 2017. MYR employees throughout the business are rewarded appropriately with some other unspecified schemes.
Re Mr Solomon Lew and his apparent takeover plans, the Chairman said it remains open to constructive dialogue with PMV, including proportionate and appropriate representation. In the event of PMV launching a takeover, the MYR Board would consider an appropriate response.
The Board has made significant changes to the MYR ONE rewards. There's a lower reward available of $10.
A holder complained that holder interests were neglected. The Chairman acknowledged that the SP remains below the IPO. The Customer Focus Plan is the focus in driving shareholder value. It is gaining traction. The balance sheet is being strengthened.
Another holder suggested that the Board continues to have an adversarial position re PMV.; The Chairman said it has engaged with PMV but hasn't reached agreement. She claimed it remained open to further discussion.
Directors have few holdings in the company, a holder suggested. The Chairman said that from 2018, within three years of appointment, Directors need to own shares equivalent to a year's fees. She said all hold more than 200000 shares.
An IPO holder asked re the SP and dividends, already addressed by the Chairman. In relation to the Amazon Hub, it's a non-financial arrangement that leverages the physical ability of MYR stores to transact. MYR is reviewing this arrangement.
Re guidance for 1H 22, of which three months have transpired, the Chairman declined to give a further update. (I understand this, as who knows how it'll go at Christmas. I can see the idiot Premiers in Qld/WA and SA shutting down their borders again after 'reopening' as they simply cannot escape the 'virus', and based on past history they and catastrophist unelected health officials will panic and go for freedom-lessening curbs on activity in a vain bid, acting like King Canute).
The Chairman said that Ari Mervis did not appear live at the AGM (i.e. showing his face) due to possible problems with dropouts. (Latter was not the actual word she used).
A holder asked re Ms Jacquie Naylor who was elected in 2019, and whether her presenting for re-election was an attempt to gain a three year term because 'next year will be more difficult'. The holder claimed that only two Directors (not three) should seek election in any one year according to the MYR Constitution. The Chairman refuted this. Mr Ari Mervis as a new prospective Director was required to separately offer himself.
Another said that MYR should disclose all transactions with Mr Lew, given the history of the COL-MYR loss with the $18 million Yannon Pty Ltd matter. The Chairman said that the Board did not consider it commercially appropriate to disclose dealings with suppliers.
Proxy advisers copyright their reports so MYR cannot publicise. Holders have seen the proxy votes displayed.
The Australian Shareholders Association asked re profitability of MYR comparing with David Jones and other worldwide retailers. The side-by-side analysis with DJs is appropriate, the Chairman said. Despite DJs having a financial services part, the analysis shows MYR comparing very well on all metrics. Nigel Chadwick, CFO, said that in the non-COVID times, CODB for MYR runs at about A$1 billion. It's continuing to look at reductions in floor space along with decreases in store costs through changes to rosters without adversely affecting customer service.
A holder asked re global supply issues and rises in container freight costs. The MD/CEO Mr King said that re Christmas product, it's pretty much all delivered. Re other merchandise, MYR is working with suppliers. The Australian ports are some of the worst in the world as the ACCC stevedoring report today highlights. MYR only sources directly about 20 per cent of its products compared to WES' KMart where the figure is 100 per cent. MYR is however concerned at the situation with the ports.
Re Mr Ari Mervis, a holder asked re his appointment as the Chairman of MCP. Yet it has a trading relationship with MYR where its trading relationship has grown. MCP's share price has declined by 60 per cent in the past year. Mr Mervis was said to lack retail experience. The Chairman said Mr Mervis had dropped off the line. The Chairman said that Mr Mervis has experience in consumer markets with a deep understanding, and also his executive experience. Mr Mervis then came on the line. He said that the MCP AGM is scheduled for 2.5 weeks in the future. He said in the last 25 years, he had received an insight into the supplier relationships with retailers, so this will assist the Board. The Chairman said that there is a declaration of any interests of Directors.
Re the issues of ethical supply of house brands, MYR has a broad supplier audit program undertaking 1500 audits per annum, concentrated on nations where the Board regards them as high-risk, such as work hours outside standard that are 'high risk'. Other lower risks are given a timetable to resolve.
The ASA also said it would support the remuneration report as the Board had made some good changes. The ASA doesn't support the use of 'two strikes' as a way to initiate takeover action.
A holder (Stephen Mayne, activist) said he owned just 10 shares and his wife 11. MYR sent a letter to each re the AGM. The Chairman said it decided to send a brief etter to all as it wanted to communicate with all holders.
He also asked re last year's AGM failing to disclose the proxy votes re re--election of the then Chairman (who was defeated). (I didn't type fast enough to obtain the Chairman's reply).
Re delays to container ships and MYR's use of rail for longer hauls compared to less environmentally road transport, the MD/CEO reiterated MYR was fine for Christmas stock. MYR uses rail whenever it can, as it's a big fan. Some Singapore to Australia container vessel sailings have been rerouted to Perth, WA (impliedly omitting east coast Australian ports as the ships are badly late) so MYR has used rail across the Nullarbor to send inventory to the east coast. (This adds to cost, but better than having unsold inventory). MYR is further looking at how it can mitigate problems (impliedly caused by shipping delays and the shipping lines' vessels omitting port calls).
I missed the next question but the Chairman said MYR was committed to replacing 80 per cent of its plastics packaging for sustainability. It is also working hard to come up with energy use targets that will be published over time.
A holder complained about delivery delays. The Chairman said there were multiple delivery options for shoppers. The MD said that Australia Post has been under pressure as has been widely reported. (So have almost all other couriers (though from my experience AP subsidiary StarTrack is the least affected). The MD Mr King had a meeting with the AP CEO last week. MYR's move into a semi-automated national distribution centre will enable more options for delivery. There will be short term issues remaining, which was not an excuse. All retailers are affected.
Re an alleged conflict of interest with Mr Ari Mervis as a Director (re MCP/MYR Chairman/Directorship directly), MYR has a clear conflict of interests policy. For instance he may need to be out of the room in some cases.
Activist Mr Mayne asked re JobKeeper receipts. The Chairman said that the balance of A$32 million was a wage subsidy. MYR was not a beneficiary of an uplift in sales as was HVN. The JobKeeper achieved its purpose - retaining a connection with its employees. It will submit the required notification publicly within the required 60 days.
Mr Mayne rather stupidly asked re the provision of a transcript of today's meeting. (It may well be available in the next day or two on USA-based website Tikr!) MYR will include the video (?) of the AGM on its website.
Mr Mayne asked re Mr Mervis' dealings with Mr Solomon Lew. MYR engaged a headhunter in relation to his appointment. Mr Mervis said he'd not had any previous dealings with Mr Lew.
Mr Mayne also asked this re Mr Dave Whittle. The latter said that he had no history with Mr Lew except that a company that he's CEO of deals with a Lew company. The Chairman said MYR is not considering a SPP.
Re the MYR search for a Chairman, there was extensive research undertaken. The Board decided that Ms Stephenson ought step in to provide stability.
The answers were good. The Chairman was not as nervous during this part.
Questions finished at 1313 AEDT, so a lengthy session.
The low point was leftie activist Mr Mayne asking numerous questions despite holding 10 shares. Not a marketable parcel. He's very annoying.
The AGM closed at 1315 AEDT. It was the longest AGM I've 'attended' for FY 21 thus far.
Last edited by Hopeful9: 04/11/21 -
ShareI find that post rather repugnant and cynical cusox.
Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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ShareShadow, that is bull dust, and you know it.
If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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Sharere: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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ShareMaybe this sheds some light on it ............................
He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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ShareI get your drift joewolf.
The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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ShareAt this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.
CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Sharere: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!
Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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ShareWhat a fascinating thread reading back 3 months!
Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Last
63.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.088B | |||
| Open | High | Low | Value | Volume |
| 63.0¢ | 63.3¢ | 62.5¢ | $392.9K | 624.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 200161 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 170267 | 25 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 194218 | 0.625 |
| 30 | 385723 | 0.620 |
| 12 | 113478 | 0.615 |
| 16 | 207435 | 0.610 |
| 7 | 59192 | 0.605 |
| Price($) | Vol. | No. |
|---|---|---|
| 0.630 | 158244 | 20 |
| 0.635 | 48007 | 12 |
| 0.640 | 53600 | 10 |
| 0.645 | 167550 | 13 |
| 0.650 | 99510 | 15 |
| Last trade - 10.31am 19/06/2025 (20 minute delay) ? |
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Last
62.0¢ |
Change
0.000 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.3¢ | 62.0¢ | 208083 | ||
| Last updated 10.51am 19/06/2025 ? | |||||
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