$1 will return if MYR does a buyback or pay a divi.
I expect this to happen this half if they make solid cashflow.
MYR is reducing capex. By closing stores yet claiming depreciation. The depreciation charge is higher than capex.
Hence a lot of free caahflow and minimises tax on profits creating more cash in the kitty.
TBH Myer does not need a lot of stores. It needs key stores and low deliveey costs to compete. Free deliver at $49 is good idea.
Not sure how much lower it can go. Maybe free delivery for VIP myeeone holders who spend over $5k a year at myers.
$1 will return if MYR does a buyback or pay a divi.I expect this...
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Last
60.3¢ |
Change
0.003(0.42%) |
Mkt cap ! $1.045B | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.0¢ | 60.0¢ | $1.274M | 2.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 406328 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 165922 | 15 |
View Market Depth
| Last trade - 10.50am 23/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |