I guess you ignore the statement "comparable store sales". I...

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Christos12

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08/01/18

10:48

Post #: 30119186
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Originally posted by ChippyDude ↑

Umbers announced 5% below previous years First 2 weeks in December.

There has been quite a large reduction in overall floor space since last year , I think its 11% reduction of floor space.

But Sales were down 5% in the first 2 weeks of December,

Myer is largely carried by a few stores that do bumper sales like Burke Street and Chadstone etc.

Myer pays 230 million in rents so, negotiating some reductions there would be a major boost.

I wouldnt be expecting any news until Febuary for many stocks because of the light volumes this time of year.

Christmas time tends to have bumper sales, HVN finished the week on a high and Myer has almost finished the week on a high but a green week none the less.

Dow has crashed through the Ceiling and the ASX will follow it up. This should lift 8/10 stocks and from these levels even a sombre recovery in the MYR chart gets it back to test $1-

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I guess you ignore the statement "comparable store sales".
I guess you also ignore "despite investing heavily in marketing".
MYR will post a shocking result. Reduced sales, reduced margins, greatly reduced profit.
Inventing an alternate reality where MYR is kicking goals and improving is fraudulently dishonest.

MYR Price at posting: 66.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 60.3¢		Change 0.003(0.42%)		Mkt cap ! $1.041B

Open	High	Low	Value	Volume
60.0¢	61.0¢	59.5¢	$1.134M	1.882M

Buyers (Bids)

No.	Vol.	Price($)
56	452137	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.5¢	165998	16

View Market Depth

No.	Vol.	Price($)
54	427179	0.600
32	425961	0.595
33	477708	0.590
23	239018	0.585
28	565716	0.580

Price($)	Vol.	No.
0.605	170048	17
0.610	299965	31
0.615	391193	25
0.620	180757	15
0.625	150822	10

Last trade - 11.45am 26/06/2025 (20 minute delay)

MYR (ASX) Chart

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