At 4.33 pm on Monday, 41 million shares in a block trade was executed at 40 cents , well above the close of 37 cents. That showed that major investors are valuing Myer at higher prices.
Same day, Monday 27 March 2017, Solomon Lew bought 10 percent of Myer worth A$94 million at $1.15, an 8 percent premium to the Friday’s close of $1.065. The news of the trade leaked with investors sending Myer’s shares up 19.5 cents, or 18.31 percent to $1.26 at the close
could history repeat itself and we see Myer up 20 percent or more today, time will tell
If that happens, then we are looking at a price around 45 cents Current position a bit over 1.5 million shares
My thoughts only
MYR Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)