Sabman, there is a point at which a stock is oversold, and a good entry. I believed MYR was in this position Thurs which is why I bought in then at 82.5c. Yes MYR management were useless, yes they HAD a lot of debt. However MYR is a brand that has positive consumer recognition, and great locations. and revenue. It might take new management, a T/O and strategy for it to work, in the same way it worked for DJ's when woolies took them over, but if this happens they could be spinning out $. The ducks are also lined up for a corporate play and better management now IMO. Entering at 82.5c or 90c at a discount to the Goldies aquisition at 94c seems to me to be a reasonable risk to take.
- Forums
- ASX - By Stock
- MYR
- Has this puppy finally turned?
Has this puppy finally turned?, page-12
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
88.5¢ |
Change
-0.005(0.56%) |
Mkt cap ! $741.2M |
Open | High | Low | Value | Volume |
88.5¢ | 89.5¢ | 84.5¢ | $996.9K | 1.127M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13760 | 88.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.0¢ | 10637 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.880 |
2 | 12000 | 0.850 |
1 | 19000 | 0.835 |
1 | 8000 | 0.830 |
2 | 31500 | 0.825 |
Price($) | Vol. | No. |
---|---|---|
0.895 | 45000 | 1 |
0.900 | 291031 | 16 |
0.910 | 20000 | 2 |
0.915 | 180000 | 1 |
0.920 | 51305 | 4 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
MYR (ASX) Chart |