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...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $1.045B | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.5¢ | 59.5¢ | $6.987M | 11.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 156113 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 81994 | 3 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |