The elephant in the room is the $1.8bn lease liability. However, there was no real discussion on reduction of floor space, other than they've reduced/sublet 60,000sqm of space. No guidance on the impact to cash outflow. Also no mention on the size of rental reductions/waivers in that call.
IIRC, they had just over 1,100,000sqm of GLA at the end of 1H20. So they've reduced about 5.5%. Given these are mostly CBD locations, one could assume that the rental drop is greater than 5.5%.
I still have to place some assumptions around lease costs in future and their ability/timeline to reduce space. But it would have been nice to discuss this further.
The other part I was interested in was on margins online vs instore. Nigel started discussing this around 4pm, but I had to drop off the call. Will have to listen to the recording once it's available on the website.
In any case, the lack of an outlook statement is telling.
- Forums
- ASX - By Stock
- MYR
- Ann: Retirement of Chairman
Ann: Retirement of Chairman, page-28
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYR (ASX) to my watchlist
|
|||||
Last
83.5¢ |
Change
0.030(3.73%) |
Mkt cap ! $690.4M |
Open | High | Low | Value | Volume |
82.5¢ | 83.8¢ | 81.5¢ | $411.4K | 494.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 29300 | 83.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 72120 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 29239 | 0.835 |
10 | 22802 | 0.830 |
9 | 35269 | 0.825 |
12 | 100216 | 0.820 |
6 | 16399 | 0.815 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 72120 | 12 |
0.845 | 15041 | 6 |
0.850 | 58231 | 8 |
0.855 | 32902 | 6 |
0.860 | 33150 | 3 |
Last trade - 13.31pm 12/09/2024 (20 minute delay) ? |
Featured News
MYR (ASX) Chart |