back when I worked for myer, we were bought out by private equity, staff made redundant, lines deleted, company bottom line looked great, then sold for $4.10 a share on the IPO. Managers went spruiking to sell staff shares that were described as an absolute bargain. Due diligence revealed that it was maybe worth $2.00. As sure as the sun rises, a few weeks after the IPO hype it dropped to $2.10. So it seems my retirees discount card is worth more for the paper value its printed on.
Watch out!, page-29
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Last
80.0¢ |
Change
0.010(1.27%) |
Mkt cap ! $665.4M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 81.0¢ | 79.0¢ | $2.299M | 2.872M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10060 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 37136 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |