During the 52 weeks to 31 December 2023, MYR shares underperformed, losing 9.09 per cent of value.
This is not as bad as I'd thought, and excludes the two dividends paid during the CY of eight and one cent(s) per share.
Like many holders, I continue to believe that Mr Solomon Lew is interested in holding more of MYR. Whether he just uses 'creep' provisions or launches a takeover bid might be answered by better minds than mine.
Clearly retail sales are running below CPI, so a decrease in real terms, but so far, department stores seem to be doing better than some others. This may come as a surprise to many, as it's not what one instinctively might expect.
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