ok so for me this is a very positive news. First remember the biggest punt on myer was its continuation of operations. The refinance news is itself put a massive dent into that. Atleast now its not too scary to keep our shares. Coming back to your question.
The report says, though we have major impact post covid,net loses,decrease in revenue, Melbourne stores shut down etc etc we still have positive cash flow (net cash flow)/cash in hand which can be compared or around equivalent to our net debt of 39$M. Our debt is fully backed by positive cash flow just to explain. Though they dun gonna spend that money to pay dere debt, but it is to show or explain investors as a strength.
Ann: Existing Lenders Extend Finance Facilities & COVID-19 Update, page-11
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Last
89.0¢ |
Change
0.020(2.30%) |
Mkt cap ! $745.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 89.5¢ | 86.0¢ | $1.551M | 1.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12302 | 88.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 102801 | 6 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |