MYR 3.05% 79.5¢ myer holdings limited

Seeing as nobody else here seems to be prepared to open the...

  1. 357 Posts.
    Seeing as nobody else here seems to be prepared to open the annual report, I have generously done it for you.

    Page 53 of the 2010 annual report discloses freehold land with a cost base of $10.1 million and freehold buildings with a balance sheet value of $17.5 million.

    Myer is a tenant not an owner of property, make no mistake.

    They do have "plant and equipment" and "fixtures and fittings" worth a total of about $370 million however. In a fire sale i am not sure that they would bring in that much.

    Anyone for a second hand cash register?
 
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