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0.61%

82.0¢ myer holdings limited

Good point on strong AUD...I guess we can expect AUD even...

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ssayrus

1,315 Posts.

129

10/03/21

17:04

Post #: 51666328
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Originally posted by jdliveuk: ↑

You cant look at the payables in isolation without looking at inventory and receivables.
They are a high turnover business so you expect current assets to offset current liabilities which they do, except for Lease liabilitiies which is simply the lease payments due for the next year.

If you ignore the noise on the balance sheet caused by the leases then they have net assets of $700m, which is more than double the market cap.
The myer brand is worth alot. (Dont forget Dick smith went bankrupt and the receiver sold the brand for $200m)
And as the CEO says, the leases can be viewed as strategic valuable assets, especially to a retail store.

As Myer imports alot of its products, and the $A has appreciated so much, they should be able to increase margins as they replenish inventory.

There is very little chance that Myer goes bankrupt anytime soon. If people return to the CBDs post pandemic, it should make a healthy profit.

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Good point on strong AUD...I guess we can expect AUD even stronger in next few months/years

MYR Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 82.0¢		Change -0.005(0.61%)		Mkt cap ! $682.0M

Open	High	Low	Value	Volume
83.0¢	83.0¢	80.0¢	$829.3K	1.017M

Buyers (Bids)

No.	Vol.	Price($)
2	7006	81.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.5¢	11143	2

View Market Depth

No.	Vol.	Price($)
2	7006	0.815
4	42466	0.810
1	20000	0.805
2	4368	0.800
2	27800	0.795

Price($)	Vol.	No.
0.825	11143	2
0.830	24075	4
0.835	105784	4
0.840	53401	6
0.845	132564	4

Last trade - 16.10pm 28/08/2024 (20 minute delay)

MYR (ASX) Chart

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