This result is not what I was hoping for (a positive net profit) but only a net loss of $13.4m is way better than my worst case scenario. The write off of Myers brand name value was long overdue and they’ve used the pandemic and low share price to bring it to a more reasonable price. This will allow for bigger earnings and less write offs in the future when the engine gets to full speed.
Ann: FY20 Results - Release and Presentation, page-32
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $665.4M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 78.5¢ | $218.7K | 275.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93000 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 122792 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |