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MYR, MYER HOLDINGS LIMITED
blacksheep
post Posted: Mar 23 2018, 10:56 AM
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In Reply To: blacksheep's post @ Dec 15 2017, 10:44 AM

Shorters are certainly winning on this one - SP 36c now
https://www.shortman.com.au/stock?q=MYR

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jan 25 2018, 08:39 PM
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  • Rule #1
QUOTE
Myer will reassess the value of almost $1 billion in intangibles in March after South African retailer Woolworths slashed the value of David Jones...
intangibles. Hah. Untangibles, more likely. Run a mile if you see them in the Company accounts (you do read company accounts?)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 15 2017, 10:44 AM
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In Reply To: blacksheep's post @ Dec 14 2017, 12:44 PM

Notable short sales alert issued by Shortman for Thursday - SP currently 63.75c, down another 2.67% today
Thu 14th Dec, 2017 7,598,668 821,278,815 0.92% 14,818,336 51.28%
https://www.shortman.com.au/stock?q=MYR
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 14 2017, 12:44 PM
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MYR mustbe looking good to Solomon Lew at these prices?
Shorters have to be happy
https://www.shortman.com.au/stock?q=MYR

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
opptimistic
post Posted: May 9 2017, 10:24 AM
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In Reply To: early birds's post @ May 9 2017, 10:00 AM

Thanks. biggrin.gif

 
early birds
post Posted: May 9 2017, 10:00 AM
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In Reply To: opptimistic's post @ May 8 2017, 10:58 PM

don't try to get more imho. stoploss should be set for yourself.
i guess amazon will hit these retail hard when they start here, we don't have the muscles to against ameracan giantes in aussie.
no need to be hero. only hope for MYR is amazon can have look at it and might consider a buyout. but chance for it , is slime.


 


opptimistic
post Posted: May 8 2017, 10:58 PM
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In Reply To: opptimistic's post @ Mar 30 2017, 02:22 PM

angry.gif Would get some more but can"t. unsure.gif

 
opptimistic
post Posted: Mar 30 2017, 02:22 PM
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In Reply To: early birds's post @ Mar 30 2017, 11:27 AM


Thanks E.B, for the extra bits and pieces. With David Jones it took a little while for the take over. We will see how this goes. This scenario, I hadn;t thought of. But last time DJs price definately went up. An interesting year ahead. Hopefully. Opptimisttic. biggrin.gif

 
early birds
post Posted: Mar 30 2017, 11:27 AM
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In Reply To: early birds's post @ Mar 29 2017, 11:12 AM

Melbourne retailer Solomon Lew has confirmed he acquired a 10.8% stake in Myer (MYR) for $101 million through his listed investment company, Premier Investments (PMV).

The substantial shareholder notice was lodged just after 4pm yesterday - two days after a mystery buyer snapped up about 81 million shares at $1.15 in a share raid on late in Monday’s session.

The stake makes Premier Investments, Australia's largest specialty retailers with brands such as Smiggle, Peter Alexander, Portmans, Dotti and Just Jeans, Myer's largest shareholder.

But Premier said it "does not currently intend to make a takeover offer"

Analysts think Mr Lew is likely to sit on his stake in the expectation Myer becomes a takeover target to protect his retail interests in the event of a bid.

Myer shares closed down 0.4% at $1.19, but are up 15% so far this week hitting a four-week high of $1.29 late Monday. About 18% of its issued capital has changed hands as hedge funds and other speculators jumped into the stock in the hopes of a bid eventuating.


Premier controls 25.7% of Breville Group as well. It has around $200 million in cash on hand and over $200 million in franking credits. That Breville stake alone is worth more than $340 million.
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old habits die hard eh?? lmaosmiley.gif


Said 'Thanks' for this post: nipper  opptimistic  
 
early birds
post Posted: Mar 29 2017, 11:12 AM
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In Reply To: opptimistic's post @ Mar 27 2017, 05:25 PM

probably find out today if Melbourne businessman, Solomon Lew was behind the raid on Myer (MYR) on Monday that netted someone a 10% stake in the faltering retailer.

Seemingly well-briefed market commentary articles yesterday and this morning suggested very strongly that Mr Lew is responsible for the raid.

Some reports suggested that Mr Lew bought the stake to prevent Woolworths of South Africa from bidding for Myer to add to its David Jones and Country Road chains.

The buying pressure disappeared yesterday and Myer shares fell more than 5% to end at $1.20.

More than 14% of Myer’s shares changed hands on Monday, as hedge fund leapt into the stock on hopes of some sort of takeover play.

In a statement to the Australian Stock Exchange on Tuesday, Myer said it had not received any "communication in relation to yesterday's trading or any corporate activity".
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this one will be the prop target imho. well down opptimistic. tongue.gif




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