MYR myer holdings limited

Ann: Notice of Annual General Meeting / Proxy Form, page-5

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    While I prefer to do my own research - won't be alone in that - this is from a certain blog published on Monday 18 October 2021:

    (Simon Conn is from some outfit called 'Investors Mutual'):

    Simon Conn: One who made good money over the last 12 months is Myer Holdings (ASX:MYR). I know it's a bit of a controversial decision and not many people are big fans of the department store, but I think John King has worked to rebuild the management team again.

    Nigel Chadwick, the chief financial officer, has a really strong focus on the customer proposition. And if you look at the cash flow that business has generated over the last three years, they're now in a net cash position. They've delivered the first, second-half profit since 2017 in their recent result.

    They're in a very strong position, they continue to shrink their footprint and focus on profit per square metre, not sales per square metre. So instead in the past when they were trying to just grow the top line, they're very focused on profit.

    They're in a very strong position, they continue to shrink their footprint and focus on profit per square metre, not sales per square metre. So instead in the past when they were trying to just grow the top line, they're very focused on profit.

    And they've really become one of Australia's unsung heroes in the online piece. They've got an online business that does over $500 million, which positions them as one of the largest online players in the market. And one that's growing very quickly.

 
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Last
60.0¢
Change
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Mkt cap ! $1.036B
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61.0¢ 39085 5
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