14/03/2024 16:56

Myer (MYR) 85.5c

MYR +7.55%: the retailer hit 10 month highs today on a strong 1H and growth returning, while some changes at the top were also announced. First-half sales were up marginally while NPAT dropped to $52m, though this was at the top end of recently provided guidance. Net cashflow improved by $10.7m, however, this was mostly as a result of an inventory reduction.

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14/09/2023 16:56

Myer Holdings (MYR) 64c

MYR +1.59%: the department store company was out with FY23 results today given they run to a July year end. The numbers were broadly in line with expectations as sales jump 12.5% to $3.36b and profit up 18% to $71m, mostly driven by a strong 1H where an improved strategy and strong consumer spending supported earnings.

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16/09/2022 09:22

If Myer (MYR) can make money surely all the retailers will fly?

Myer (MYR) has delivered its best start to a new financial year since 2006 while the company delivered its best 2nd half results since 2013 and the board even announced a 2.5c dividend – this household name has unfortunately probably been the ASX’s largest “dividend trap” of the last decade.

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27/07/2022 09:30

Flagship Growth Portfolio

The MM Flagship Growth Portfolio advanced +2.89% last week outperforming the market, our cash position remains at 2% after recent portfolio moves. The support largely came from a recovery in the growth stocks Xero (XRO) +7.7%, ResMed (RMD) +7.2%, HUB24 (HUB) +5% while Woodside Energy (WDS) -2.7% and CSL Ltd (CSL) -1.4% weighed on returns.

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