I think they have been waiting for stage 3 restrictions before announcing closure and stand down of employees. Stage 3 is coming on Sunday night and i think they have been advised of this by the gov being such a large national department store. All they need to do now is secure a decent debt facility from a bank (which would be gov backed), increase their online sales from 10% to 20-25% over the next few months and hope the virus doesn't drag on for to long. They may emerge as a stronger retailer whilst others fall. Will be watching this closely over the next 1-2 weeks but could be a great high risk buy at the moment.
I think they have been waiting for stage 3 restrictions before...
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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 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |