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82.3¢ myer holdings limited

where were your comments prior to Announcement???

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bobbygant

742 Posts.

61

10/09/20

12:31

Post #: 47236880
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Originally posted by PizzaComposer: ↑

What did people expect though, with Victoria being what, 22% of National GDP, and the reliance on tourism/students for foot traffic et al. the lockdown is decimating Myer.

EBITDA being down is more a reflection on the broader market impacts. The question we're asking is, is Myer going to position itself to ensure it rides out COVID and doesn't collapse on the way out of it.

Based off that, I like that they have finished the period with a net cash position of $7.9 million representing a $46.6 million improvement on the prior year and think that's a positive for long term prospects of Myer.

Instead of relying on Myer's commentary and reporting, I will be looking to government policy, and the broader market to determine my valuation for Myer. I'm more inclined to err on this side of reasoning, and today presents itself as an LT holder buying OP

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where were your comments prior to Announcement???

MYR Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 82.3¢		Change -0.008(0.90%)		Mkt cap ! $686.7M

Open	High	Low	Value	Volume
82.0¢	82.5¢	82.0¢	$335.9K	408.2K

Buyers (Bids)

No.	Vol.	Price($)
6	3879	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
82.5¢	65201	23

View Market Depth

No.	Vol.	Price($)
6	3879	0.820
7	10412	0.815
12	96517	0.810
10	127007	0.805
14	213788	0.800

Price($)	Vol.	No.
0.825	65201	23
0.830	89289	13
0.835	138290	9
0.840	243817	10
0.845	44018	8

Last trade - 14.31pm 01/10/2024 (20 minute delay)

MYR (ASX) Chart

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