Interesting comments from both sides of the fence. I believe the trend from here for MYR is up. The FF dividend puts a floor under the share price - where that floor is I am not sure but possible around $2.00 - 2.05.
The challende for MYR is to accept was is happening in their market space ( i.e. 'the rise of internet sales'), understand what others are doing to address that, look at what is working (profitably) for other retailers and make the changes necessary. MYR is a little bit like a battleship - very slow to change direction. It needs to stop trying to defend its territory but rather - if you can't beat them, join them. I believe it needs to develop a sophisticated separate on-line sales division. As I see it MYR is presently only playing in that field - it needs to get real. I am sure Lew can see this need.
I believe that Lew can see an opportunity and here is one begging to be given new life, a change rather than "same old same old". Lew may not be interested in MYR but you can bet your bottom dollar that he is watching closely - very very closely.
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Will a cashed-up Solomon Lew strike at Myer?, page-11
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Last
83.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $694.5M |
Open | High | Low | Value | Volume |
84.0¢ | 84.0¢ | 82.5¢ | $685.8K | 822.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6074 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 66144 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6074 | 0.830 |
4 | 26263 | 0.825 |
1 | 40000 | 0.820 |
2 | 13869 | 0.810 |
1 | 12250 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 66144 | 5 |
0.845 | 13491 | 3 |
0.850 | 126128 | 19 |
0.855 | 159547 | 5 |
0.860 | 5392 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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MYR (ASX) Chart |
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Mark Waller, MD
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