The Kogan acquisition idea reminds me of the 40 year old virgin...

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BenGrahamReborn

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08/02/18

15:35

Post #: 30920791
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Originally posted by usagi44 ↑

I have to confess to exiting my MYR position some months ago. I became increasingly sceptical of the whole situation - the incumbent board overseeing seriously poor performance on the one hand and Sol Lew's motives on the other. I'm still keeping an eye on developments, but my thinking is that (1) the culture within the firm is beyond repair and (2) if Sol successfully rolls the board at an EGM, nothing much good will come of it for non-PMV shareholders. Premier (PMV) and Sol's associated companies, by contrast, will get a vessel into which they can aggressively peddle inventory, unwanted or otherwise. (Owning PMV rather than MYR might make more sense.)

For those who remain holders, the stock does look pretty oversold with a serious amount of negativity priced in, so downside is probably quite limited. Also, any unexpected positive news would certainly squeeze the shorts. Best perhaps to hope that another party interested in taking over the brand and/or benefiting from the exposure to shoppers afforded by the stores might emerge. Alan Kohler in an interview with Kogan.com CEO Ruslan Kogan a couple of weeks ago jokingly put Kogan.com into play as a potential acquirer of Myer. This seems unlikely, but it's something like this that Myer really needs at present.

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The Kogan acquisition idea reminds me of the 40 year old virgin where the woman he meets has a shop of things you can buy online. She's not actually selling things there to make a profit.

Problem is, Myer bricks and mortar is enormous. Wont help Myer.

MYR Price at posting: 64.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 60.5¢		Change 0.005(0.83%)		Mkt cap ! $1.045B

Open	High	Low	Value	Volume
60.0¢	61.0¢	59.5¢	$4.694M	7.796M

Buyers (Bids)

No.	Vol.	Price($)
2	99148	59.5¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	109457	7

View Market Depth

No.	Vol.	Price($)
2	99148	0.595
25	251521	0.590
12	163279	0.585
24	492962	0.580
4	67134	0.575

Price($)	Vol.	No.
0.610	49457	6
0.615	34091	3
0.620	124650	5
0.625	9018	2
0.630	18498	2

Last trade - 16.15pm 26/06/2025 (20 minute delay)

MYR (ASX) Chart

The Kogan acquisition idea reminds me of the 40 year old virgin...

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The Kogan acquisition idea reminds me of the 40 year old virgin...

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