MYR 1.27% 80.0¢ myer holdings limited

Will Myer breach debt covenants?, page-39

  1. 2,619 Posts.
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    AGAIN - THIS WAS NO SURPRISE.

    The writing was on the wall OVER A MONTH AGO.

    Urge shareholders to trade with caution.
    - HALF a BILLION dollar post tax impairment
    - Foot traffic down
    - Like for like sales down
    - Profits down
    - Two covenant breaches within sight in six months

    The value is just not here and there is a high risk of another "re-capitalisation event" the likes of PDN/SGH.

    Retail shareholders (US) are treated like dirt will get royally shafted over as a consequence.

    - Cali
 
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