Myer needs to retain its shareholder equity at above $500 million to remain within its bank covenants. It is currently around $1 billion while intangibles/goodwill sit just under $1 billion.
Extracted from this article today
http://www.smh.com.au/business/lew-vs-myer-board-now-a-fight-to-the-death-20180219-p4z0un.html
Equity as it is referenced, Obviously isnt the Market cap.
Myer needs to retain its shareholder equity at above $500...
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $1.045B | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.5¢ | 59.5¢ | $2.387M | 3.971M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 102 | 565393 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 327356 | 25 |
View Market Depth
| Last trade - 15.07pm 24/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |