Today we look at the prospects for future Myer share price growth, its progress on pivoting its business and its long-term outlook. We conclude that despite its recent uptick, the Myer share price may struggle to keep going up as a mid-cycle slowdown approaches.
Today, we look at Myer Holdings Limited [ASX:MYR] efforts to re-jig the business and the impact of buy now-pay later services like Afterpay and Zip. Our conclusion is that Myer shares are potentially cheap, depending on your investment horizon.
As we suggested in earlier coverage, the Myer share price would struggle to break above resistance around the 75-cent mark. This has subsequently played out and the latest data out of National Australia Bank Ltd [ASX:NAB] points towards further declines.
At time of writing, the share price of Myer Holdings Limited [ASX:MYR] is up a further 1.74%, trading at 70 cents. The Myer share price took off at the beginning of March (where the arrow is): Source: tradingview.com…
The latest news out of the company is its first half 2019 results which run through to 26 January 2019, and reveal that sales are down 2.8%, but underlying net profit was up 3.1% for a better than expected result.
After coming out of a trading halt, the share price of Myer Holdings Ltd [ASX:MYR] has fallen by 6.1%, trading at $0.42. The trading halt yesterday came in relation to an article in The Australian Financial Review (AFR),…
At time of writing, the share price of Myer Holdings Limited [ASX:MYR] are in limbo as the ASX forced the company into a trading halt.
The full year results of fallen retail giant Myer Holdings Ltd [ASX:MYR] have been announced, and the verdict is in: They’re even more dismal than the last quarterly sales update we heard from the fallen retail giant.
In its first loss since being listed on the ASX in 2009, Myer’s share price has been actively declining over the last six months. It’s a far cry away from its $12 million profit in the 2016–17 financial year. And the results speak for the disappointment themselves, as Myer will not be paying a final dividend this year...
Today shares of Myer Holdings Limited [ASX:MYR] experienced a massive dip, dropping by 7.02%.