I don't see how this stock went up yesterday:
In the 1H of FY2023, Revenue from sale of goods was $1.45B, PBT was $93.4m, and NPAT was $65m.
In the 2H of FY2023, Revenue (on a comparable basis to 1H) appears to be around $1.47B, with NPAT at $4-8m.
To squeeze out $4-8m of NPAT implies basically $1.464B of 'expenses' which Myer could not reduce from 1H to 2H i.e. fixed.
The commentary eludes to deteriorating conditions.
In the coming months, if there is a mid single-digit delta/volatility in the top line, Myer could be posting $65-80m of losses, or many tens of millions of losses per half.
WTH!
I don't see how this stock went up yesterday:In the 1H of...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
60.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.036B | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.0¢ | 59.5¢ | $4.689M | 7.808M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 181578 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 191990 | 6 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |