I think I would prefer cash TO the kitty not cash IN the kitty This half is too soon to pay a dividend or conduct a buyback IMO, not that they couldn't, just that a good manager wouldn't and I believe King is a good manager Still think I'm likely to see my buy price again if I'm patient but in all honesty coming into tax time if some of my holdings hit my targets to reduce/ sell and claim pretty substantial profits then I'll need to sell/ reduce some losers also. We'll see, not desperate to make any real changes to my portfolio so I'd prefer to just tick along and add some to another I'm buying at the moment and keep adding to some of my dividend payers that are still reasonably conservatively valued. I know if I maintain my patience MYR will turn into one of my dividend payers, possibly at or above my buy price in the next 1-2 years which on the face of it is almost 100% gain from here in 1-2 years, end of the day I hold a few that are so discounted this could be a conservative rise and to be quite frank MYR does not deserve to be treated as anything other than a high risk smallcap stock, meaning 100% gain in 1-2 years is not necessarily worth the risk. Just because King is a good manager and excellent retail man doesn't mean MYR will recover, many retailers just haven't and many more just wont.
MYR Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)