MYR myer holdings limited

2.44%

60.0¢

Total current assets of $182m.. But what about the liabilities?...

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tutes

3,452 Posts.

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29/03/20

12:24

Post #: 43757539
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Originally posted by SilverTrade ↑

$4 discount on a float of $4.1.......thats like two cents in a dollar...........seems like a liquidated company already at the current SP
(when companies liquidate sometimes the creditors can get .7c-.9c).

but with cash of $102m and current assets of $80m means total current assets of $182m, and shares issued 850k the Asset vale of SP is 0.22c (twent two cents)

Whats the price of 134 years of GOODWILL...........if i put $1m for each year lets say $134m
so $182+ $134=$316m (less debtors if any)
shares issued 850
so SP should be $316 / 850= .038 cents

let the dust settle, i believe someone will soon find value in this brand and will madly like to pick up. .10c too cheap.

If i had the money, i would like to pick majority of the Shares and take over the business.
Benefits:
- only 1 other major competitor,- monopolistic market
- barriers to entry, new competitor will face stiff challenges to enter the market at this large scale
- Current pandemic will kill small competition, only the large firms will survive, and then THRIVE as there will be less competition
- Closing the branches would stop cash outflow and let the company hibernate.
- gov cash hand outs will bring a spike in spending
- after having stayed indoor, people would like to go out and shop

Should start a go fund me page and save another Aussie icon.

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Total current assets of $182m..

But what about the liabilities?

As per half yearly report:

Myer has over $668m in liabilities due in the next 12 months (bringing the total liabilities to $2.4B)

$182m in assets vs. $2.4B in liabilities

Balance sheet doesn't look too healthy

Last edited by tutes: 29/03/20

MYR Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 60.0¢		Change -0.015(2.44%)		Mkt cap ! $1.036B

Open	High	Low	Value	Volume
62.5¢	62.5¢	60.0¢	$16.61M	27.59M

Buyers (Bids)

No.	Vol.	Price($)
67	2196860	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	39085	5

View Market Depth

No.	Vol.	Price($)
45	606444	0.600
2	350000	0.595
9	74852	0.590
8	70504	0.585
14	280162	0.580

Price($)	Vol.	No.
0.610	36865	3
0.615	4793	1
0.620	7600	1
0.630	19717	3
0.635	73461	2

Last trade - 16.10pm 20/06/2025 (20 minute delay)

MYR (ASX) Chart

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