If rising relative popularity of the MYR site results in increasing profitable online sales in 1H 22, institutions will again notice.
Lockdowns (especially in the Victorian dictatorship, but also NSW) have been major inhibitors in 1H 22.
'Mr Market' may look past those and consider any ongoing success by MYR in online retailing means the company ought be revalued.
What we don't know is whether the lockdowns were so onerous that they've pushed MYR into a net loss for 1H 22, or whether pre-Christmas sales have been good, facilitating a net profit in MYR's traditionally stronger first half that ends on 31 January 2022.
I can see a share price of above A$0.53 if the latter. I lack the accounting skills to stick the neck out further.
MYR Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
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