Fully agree. I only see Myer going further south. I really do...

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David1976

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22/03/18

23:05

Post #: 31965088
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Originally posted by ChippyDude ↑

I havnt posted on MYR for a while because I was waiting for some real Numbers to look at.

There is only 3 things a Stock can do, 1) Sideways, 2) Up , or 3) Down.

And stocks can do either, regardless of good or bad results.

But as the current numbers point to 3% reduction in sales, Its impacted net profit by over 35% down.

The reason I started this thread asking for real numbers rather than opinions is that I made an effort to ask and find what the real numbers are that is hurting Myer. Not many on here could explain in numbers.

Plenty had Opinions and I had my opinions, But I wanted real Numbers so I could decide to either buy more or sell out.

I was out trying to get in lower again, but Ive decided not to re-enter yet. So heres the real part of the numbers noone has mentioned.

Myer last year had about 69m net profit in the first half and then only posted 69m for the year total.

What that means is now its about 40m net profit for the first half, so based on that even if sales stay flat without falling the second half wont hold water.

First half net profit down 29m, means 2nd half will be down 29m. But the 2nd half last year didnt add a dollar to the first half.

So if the 2nd half is also down 29m the full year could be 40m - 29m = 11m and thats before any new myer spending.

Im sorry but its worse than I realised from a numbers perspective. The entire structure of Myer needs to be taken over, there isnt anything a new CEO could do here.

The best step they could take is to Computerise all the admin to be done like an app software, and unload most of the back end admin staff to cut costs.

Anything could happen but as a guess looks like the dip will continue until its taken over IMO.

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Fully agree. I only see Myer going further south. I really do wonder why anyone would hold this stock when its results and future prospects are so bleak. There are so many stocks with better prospects.

MYR Price at posting: 39.3¢ Sentiment: Sell Disclosure: Not Held
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(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

No.	Vol.	Price($)
9	181578	0.595
19	233453	0.590
9	54504	0.585
23	635611	0.580
3	50744	0.575

Price($)	Vol.	No.
0.600	191990	6
0.605	90902	2
0.610	16203	3
0.615	41123	4
0.620	9551	2

Last trade - 16.10pm 23/06/2025 (20 minute delay)

MYR (ASX) Chart

Fully agree. I only see Myer going further south. I really do...

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Fully agree. I only see Myer going further south. I really do...

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