Years ago when I worked for Myer in the days when it was Coles Myer we had a huge GP and shares in Coles Myer was returning a good dividend. Coles decided to sell Myer to Newbridge Capital. Senior store management went spruiking how the IPO price of $4.10 was an outstanding price. As a manager I performed my own due diligence and quickly realised the fair price was $2.00. Sure enough weeks after the IPO the price dropped to $1.97. I just watched with interest as it steadily dropped to what it is today.
Years ago when I worked for Myer in the days when it was Coles...
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Last
86.5¢ |
Change
-0.005(0.57%) |
Mkt cap ! $724.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 87.3¢ | 86.0¢ | $168.0K | 194.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 36976 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 2375 | 3 |
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| Last trade - 10.52am 10/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |