MYR - Myer Holdings
- Thread starter Sean K
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Hi Philly, sounds like a reason to hold them until at least the dividend gets paid. Regards Drivermann
looks like a 5% dividend, and sp has increased about that too
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Apparently the name of their IT contractor is David Jones.
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Department store Myer says it will take a few more days to restart its website after it crashed on Christmas Day. Myer says it took its website down following reports that customers were having difficulty with it freezing or operating slowly. The technical issues happened around the time end-of-year sales kicked off, but Myer says the glitches in its site were not related to the volume of traffic. In a statement, the retailer says it has identified the cause of technical difficulties on its website and is now working to fix the problems. The online shop has now been out of action for five days, and Myer says it will take a few more days to test the site and ensure it is working before it is restarted. Australia's two major department stores have come under fire for their belated entry into online shopping, with both Myer and David Jones relaunching their websites in the last couple of years. Myer says the website outage is unlikely to meaningfully dent its post-Christmas sales as online purchases make up less than 1 per cent of its total turnover. Investors seem to agree that the outage will not seriously dent sales, with Myer's share price rising a further 0.9 per cent today to $2.765, after also climbing 1 cent on Friday.
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Yeah real smart.
Like the ACCC is going to approve that! You f%$#@ing morons.
(Re-approach to DJS)
How much money would they waist on teeing that up only to have it slammed.
Sack the board.
Like the ACCC is going to approve that! You f%$#@ing morons.
(Re-approach to DJS)
How much money would they waist on teeing that up only to have it slammed.
Sack the board.
skc
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I don't know why all the analysts are thinking ACCC will have a problem with it. Yes they are the only 2 department stores in the country, but they are competing against the other tens of thousands of specialty stores. MYR+DJS combined sales is ~$5B a year, against total department store sales of ~$18-20B a year. While the greater TOTAL retail sales in the country runs at ~$250B per year.
There's no industry called "Department stores" (and even if there was MYR+DJS hardly make up 25%). The industry is called "Retail" and these two companies are but a very small percentage of the industry. If you break it down by category (apparel, cosmetics, electronics etc) I am sure the result would be the same.
There are plenty of other issues with a possible merger. e.g. Will they keep Jen Hawkins or Miranda Kerr? Which company will have worse customer service? Should they retain the IT system from Myers built in the 60s, or the IT system from DJS built in the 50s? But reducing competition in the retail world should definitely not be one of them.
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Miranda Kerr, no question there
She's gone down a few points in my books since she hooked up with the Beib.
DJS board are quite strange. They rush to market with a hoax takeover offer, but kept this under wraps for months. I agree with skc, I can't see why the ACCC would give two hoots about it.
skc
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Wasn't she hooking up with James Packer? So she's a cougar and a gold digger?!
I say the merger should be called off!
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ACCC will have an issue with price gouging the spaces for a start.
They are pretty conservative and give the community the benefit of the doubt.
They would not let this go through in a pink fit whether it's right or wrong.
They'd be smartest to get the Beib now that would work.
They are pretty conservative and give the community the benefit of the doubt.
They would not let this go through in a pink fit whether it's right or wrong.
They'd be smartest to get the Beib now that would work.
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Her wedding to Orlando ended because of her and the Bieb. I've met her a couple of times when she (and I) were much younger. She's not the smartest girl, and back then she had a bit of reputation and I'm reliably informed she still does.
skc
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I am afraid you will need to supply an audited broker statement to prove that!
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Despite many ******** analysts saying, publicly, in the media, that the ACCC had given a nod and a wink to MYR.
Today -
Today -
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Looks like the market has had it right for the last 12 months with DJS HY result looking better than MYR's numbers.
Looks like MYR is struggling with costs while DJS is not. L4L sales growth is continuing for both companies but again DJS is winning this race also.
Looks like MYR is struggling with costs while DJS is not. L4L sales growth is continuing for both companies but again DJS is winning this race also.
Hiya
First time poster here.. go easy... noob n all
Like Divermann I also bought a small parcel (min) in the IPO....this at a time when I knew nothing much about the stockmarket, bought the shares basically on a stupid idea that "this seems like a good idea" lol, I remember briefly reading the prospectus, no idea really what I was looking at but "must be good cause we shop there"
As this was my first dabble in the market, I then made another (as I realize now) fatal mistake of just buying these shares and then forgetting about them pretty much for the next 3 years.
Having spent the last few weeks doing proper education and deciding to take more of an interest in what the shares are all about, educating myself etc I am now in a more informed position than I was back then,
However we all know the state of play, my shares have fallen 48% since they floated, the only saving grace was the small amount of initial outlay.(2k)
But lets think about this, whilst they have fallen drastically, over this time I have also received ~ $400 in dividends, I also regularly get a $20 voucher for myerone points in the post, so really, is it all that bad?
Now I am in a position of deciding, should I cut my losses and move elsewhere? I have accepted that it is highly unlikely, almost impossible the sp will ever get near where I bought in the future, although the short term outlook maybe more favorable than in recent times....
Hope you all enjoy the entertainment that is why first sharemarket dip
First time poster here.. go easy... noob n all
Like Divermann I also bought a small parcel (min) in the IPO....this at a time when I knew nothing much about the stockmarket, bought the shares basically on a stupid idea that "this seems like a good idea" lol, I remember briefly reading the prospectus, no idea really what I was looking at but "must be good cause we shop there"
As this was my first dabble in the market, I then made another (as I realize now) fatal mistake of just buying these shares and then forgetting about them pretty much for the next 3 years.
Having spent the last few weeks doing proper education and deciding to take more of an interest in what the shares are all about, educating myself etc I am now in a more informed position than I was back then,
However we all know the state of play, my shares have fallen 48% since they floated, the only saving grace was the small amount of initial outlay.(2k)
But lets think about this, whilst they have fallen drastically, over this time I have also received ~ $400 in dividends, I also regularly get a $20 voucher for myerone points in the post, so really, is it all that bad?
Now I am in a position of deciding, should I cut my losses and move elsewhere? I have accepted that it is highly unlikely, almost impossible the sp will ever get near where I bought in the future, although the short term outlook maybe more favorable than in recent times....
Hope you all enjoy the entertainment that is why first sharemarket dip
