Overall I think it is good, they are basically at close to breakeven through a crazy year of shutdowns.
I think people expected this to be much worse than this.
Last report was a minor profit of 33mil which was not much but was a big improvement on the 300million loss previous years - share price went to .70 cents on the very minor profit of 33mil last year. Which is a similar result to this year 44mil difference is nothing for the scale of MYER!
To be at basically a breakeven situation of only a 11mil loss with over 2billion in trade - should the price be in the .2x range, I think not. Cash position improved slightly as well through this.
MYER are surviving all this and smartly kicking on.
I feel we might see the thing I talked about, some people selling in fear early due to specific bad looking individual stats but not assessing the larger picture early then the price kicks up later - could be days later. That is my gut feel.
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