ASX Shares Is there any upside to Myer (MYR)?

Discussion in 'Shares & Funds' started by trinity168, 20th Nov, 2018.

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  1. trinity168

    trinity168 Well-Known Member

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    Is there any upside to Myer?

    upload_2018-11-20_8-16-53.png
     
    trinity168, 20th Nov, 2018
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    When was the last time you shopped at Myer?
     
    Simon Hampel, 20th Nov, 2018
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  3. trinity168

    trinity168 Well-Known Member

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    Two weeks ago actually, I got something since Myer had some specials on. :) Money spent was no more than A$100.
     
    trinity168, 20th Nov, 2018
    #3
  4. pippen

    pippen Well-Known Member

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    Maybe need a new myer thread? ;)
     
    pippen, 20th Nov, 2018
    #4
  5. willair

    willair Well-Known Member Premium Member

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    There was a post within this site a while when back when listed share price was way above the current value range ,that post makes interesting reading ---as most that posted in that post were right..
     
    willair, 20th Nov, 2018
    #5
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    Good suggestion! :D
     
    Simon Hampel, 20th Nov, 2018
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  7. Silverson

    Silverson Well-Known Member

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    I love this reply!
    Honestly it's how you should approach investing, keep things simple.
    Inthknk many forget they are buying a business and gamble on a ticker code. With record low interest rates If retail/Myer are in a tough patch I can't imagine things getting easier in less favourable conditions. Even though we're in such a consumer society the simplicity of buying with a few clicks online will be the foot on Myers head in my opinion
     
    Silverson, 20th Nov, 2018
    #7
  8. Simon Hampel

    Simon Hampel Founder Staff Member

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    I see the changes happening at our local Westfield in Chatswood and over at Macquarie and notice that the large "department" stores no longer seem to be the focus.

    Instead, there are a growing number of mid-sized (ie larger than a boutique, smaller than a department store) foreign chain stores entering the market. Along with players like JB Hifi and Rebel Sport - there doesn't seem to be much reason to go into a Myer anymore.

    It may be that this is a fairly localised phenomenon (Asian chains opening up stores in Chatswood - who would have guessed? :rolleyes: ) and it could also be that my buying habits have changed as well.

    When I grew up - you just went to Myer, John Martins, Harris Scarfe, or David Jones (if you were posh) to buy most things. That has definitely changed.

    Interestingly, I think Kmart (and to a lesser extent, Target) have captured the largest part of the traditional department store market.

    Just my opinion anyway - not based on any data.
     
    Simon Hampel, 20th Nov, 2018
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  9. balwoges

    balwoges Well-Known Member

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    I am old enough to remember Myers when it was Farmers at Gordon, gone from an elegant store to a higher class Target, I haven't visited Myers at Charlestown for a couple of years ...

    And Simon is right about mid sized stores - a H & M has just opened at Kotara Westfield, had a peek a couple of weeks ago, just change the name to Lowes and you wouldn't know the difference.
     
    balwoges, 20th Nov, 2018
    #9
  10. marty998

    marty998 Well-Known Member

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    Myer's total sales revenue peaked in 1994.

    That should tell you something...
     
    marty998, 20th Nov, 2018
    #10
  11. skater

    skater Well-Known Member

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    When I grew up, Myer & David Jones were the 'posh' places & we didn't shop there. But my Dad worked for Waltons which was similar but less 'posh'.
     
    skater, 22nd Nov, 2018
    #11
  12. Gockie

    Gockie Life is good ☺️ Premium Member

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    When I grew up Myer was Grace Bros. If total sales revenue peaked in 1994, that was about the time when my sister worked there. It was the place young people (School students, uni students) all wanted to be a "Christmas Casual". Grace Bros could be selective about their staff.

    Me... I worked at Big W. And loved it. The Christmas music for December though.... bleh

    As to shopping.... I've hardly shopped at Grace Bros/Myer since its peak, and don't ever bother going into David Jones.

    @Simon Hampel - John Martin's must have been an Adelaide store, I had never heard or seen them anywhere.
     
    Gockie, 22nd Nov, 2018
    #12
  13. Simon Hampel

    Simon Hampel Founder Staff Member

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    For us I think it was: Harris Scarfe < John Martins < Myer < David Jones

    And perhaps: Big W < Kmart < Target ... or at least Target used to pretend it was more "upmarket", but I'm not sure if it really is anymore?
     
    Simon Hampel, 22nd Nov, 2018
    #13
  14. Simon Hampel

    Simon Hampel Founder Staff Member

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    Correct.

    Operated for 132 years from 1866 until 1998 and was responsible for the famous Adelaide Christmas Pageant - very much an important part of South Australian history.

    Fun fact: it was John Martins that sponsored The Beatles visiting Adelaide in 1964 - which was not on their original tour itinerary.
     
    Simon Hampel, 22nd Nov, 2018
    #14
  15. Simon Hampel

    Simon Hampel Founder Staff Member

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    So is anyone bullish on Myer shares?
     
    Simon Hampel, 22nd Nov, 2018
    #15
  16. willair

    willair Well-Known Member Premium Member

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    Maybe they should look at the IKEA model ,as I was reading early this morning about they intend to lay off 5000 plus floor staff ---but employ 3 times that in areas that they see more important …online shopping smaller stores..something Myer failed to see.
    I would not put one cent in Myer shares ..

    IKEA To Layoff 7,500 Employess
     
    Last edited: 22nd Nov, 2018
    willair, 22nd Nov, 2018
    #16
  17. The Y-man

    The Y-man Moderator Staff Member

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    Yes, that is why it is pronounced "Tarjay" :D

    The Y-man
     
    The Y-man, 22nd Nov, 2018
    #17
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  18. The Y-man

    The Y-man Moderator Staff Member

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    As much as I would like to be bullish on Myer and DJs, I feel they are being hammered by the new players like H&M and Uniqlo in the clothing arena, and unable to compete with electrical goods against the likes of HN and JB.

    I simply don't see the foot traffic (other than going from car park to main mall in many centres) and they don't have "the vibe".

    In an age where the shopping centre complex is a social meeting point (to counter the Amazon attack), Myer and DJs simply feel out of place - they aren't inviting (perhaps a remnant of the "upper market" thing) and they don't specialise in anything ~ I guess that's what the department concept was, but they just don't have anything I want.

    Really hoping they get their act together, or they are going to leave a lot of NLA vacant when their lease ends!!

    The Y-man
     
    The Y-man, 22nd Nov, 2018
    #18
  19. Blueskies

    Blueskies Well-Known Member

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    The only upside I could forsee in the short term would be via another takeover offer/private equity bid.
     
    Blueskies, 22nd Nov, 2018
    #19
  20. KinG3o0o

    KinG3o0o Well-Known Member

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    Cannot see how they can be successful with the current model,
    online is cheaper faster easier,

    however, with a bit of pain they can continue to be a viable business ?
    if they scale down and be experts/specialty they can be a business model that is viable, rather than having one myer in every shopping center, what they can do is only open in hot spots that they can have a specific target market,

    will the board/shareholders accept that?

    and who will the men or women in charge to lead that this way, because they will be dark times before they see the light.
     
    KinG3o0o, 22nd Nov, 2018
    #20
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