Good result from MYR today. Unfortunately the concessions performance was poor ( as we knew), however a stronger Myer can only be good for PGR longer term. Hopefully MYR will be more receptive to the needs of concession holders now that the risk of keeping the lights on is abating.
I also note MYR is focusing strategically on Myer only brands - perhaps we could offer them the Review business for $30m
PGR Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held