I agree with your sentiment In2win!
Like him or not, Solly Lew knows retail in Australia - when he is prepared to do a 3% creep at $0.66 and I can buy at sub $0.60 I feel quite good.
My initial entry point was $0.57 & I picked up the massive 1c div, I am going to look at topping up in the $0.55 - $0.60 band.
In the short term we could well see the price drop below this band considering the general economic malaise & its potential impact on higher end retail, if so I will likely top up some more.
In the medium term (1 - 2 years) I can well see MYR regaining & surpassing the $1 level especially if Solly decides to take a full tilt at it which is not beyond the realms of possibilities. If it does I will happily pocket a tidy profit & move on.
The above is just my own thoughts/ramblings so take it with a hefty pinch of salt.
Good luck to all
MYR Charting Thread, page-25
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Last
82.0¢ |
Change
-0.035(4.09%) |
Mkt cap ! $686.7M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 86.0¢ | 82.0¢ | $450.3K | 542.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 47000 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 1035 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |