sp was down 4.4% today. It was still lucky day for MYR, supposed down more if considered 3 things,
--------The owner of Top Shop/Top Man in Australia, Austradia, has been placed into voluntary administration. MYR had 20% stake, approx cost $10m. It seems to me $10m would be disappeared. It may be equivalent to 8% of FY NPAT.
-------The Top Shop was MYR' anchor brand. The image would be dented.
--------The sector was down today, past week, month, quarter and half year.
HVN' sp came down, today -2%, a week -4%, a month -12%, a quarter -29%, a half year -21%
JBH' sp came down, today -2%, a week -4%, a month -7%, a quarter -15%, a half year -16%
MYR' sp came down, today -4%, a week -6%, a month -23%, a quarter -32%, a half year -32%
SUL' sp came down, today -6%, a week -11%, a month -23%, a quarter -31%, a half year -27%
Soly spent many m$ at $1.15 price level on MYR, but it had not stopped sliding---------roughly 24% gone
The boss of HVN spent many m$ at roughly $4.40 price level, but it had not stopped sliding-----roughly 17% gone
That is a momentum. The force of the market is great
MYR Price at posting:
87.5¢ Sentiment: Sell Disclosure: Held
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