The Amazon threat has been over stated and has impacted Retailers by more than is warranted.
HVN and JBH are experiencing shareprice recoveries. KGN has grown purely as an online play.
Myer is growing its online sales and online footprint so its easy to see that in 5 years the MYR online experience will be generating good returns with a wide reaching footprint in the Online space.
1.5% population Growth in Australia as well as bracket creep in top end wages that represent the average Myer Customer.
There is upside to the oversold retail sector with there being good probability of tax cuts allowing more disposable cash in the economy in the years ahead.
There is Value and many reasons to expect a good recovery in retail over the next few years.
Ann: Q2 Trading Update, page-324
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Last
80.0¢ |
Change
0.010(1.27%) |
Mkt cap ! $665.4M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 81.0¢ | 79.0¢ | $2.299M | 2.872M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10060 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 37136 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |