Apropos the various questions about why the SP is so low, Myer has been the plaything of short sellers for quite a while now. I think these players are negatively affecting the share price more than any tax loss selling or even institutional rebalancing. One reason I think this is that Myer often get hit late in the day; they hardly ever finish on their high, even on up days.
On a stock this size the market generally finds the true value eventually, and in the meantime the dividend is a nice compensation for the pain felt by long term holders.
Valuation, page-13
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Last
82.0¢ |
Change
-0.035(4.09%) |
Mkt cap ! $686.7M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 86.0¢ | 82.0¢ | $450.3K | 542.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 47000 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 1035 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |