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),…
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.
Myer shares have rallied from $1.00 per share to around $1.25 two weeks ago. It appears investors think David Jones’ increased turnover will show up in Myer’s first-half results. Once the results were announced on 17 March, the share price fell back to around $1.11.