I just sold my stocks, by my calculation if it maintains current underlying Net Income with no growth its worth about 35 cents with PE of 10 and discount rate of 10%. At current 47 cents, that's implying an underlying Net Income growth of 45%, a bit of a stretch imo.
The PE funds really screwed up Myer when they took over the business and sold its freehold property assets, it took away the single most important competitive advantage a retailer have in the long-term. A perfect example of capitalistic greed that's value destroying.
I just sold my stocks, by my calculation if it maintains current...
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Last
60.0¢ |
Change
-0.015(2.44%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 62.5¢ | 60.0¢ | $16.61M | 27.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 2196860 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 39085 | 5 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |