ASX Shares MYER is my store ! (MYR)

Discussion in 'Shares & Funds' started by MyDarlinghurst, 25th Jan, 2018.

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  1. MyDarlinghurst

    MyDarlinghurst Well-Known Member

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    Just bought 25,000 SHARES IN Myer at 0.62 cents

    my belief is that Solomon Lew will take over .

    how can a company that was 1.43 a year ago go into the ground?:eek:
     
    MyDarlinghurst, 25th Jan, 2018
    #1
  2. MTR

    MTR Well-Known Member

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    No idea... like the new colour... nice touch..
     
    MTR, 25th Jan, 2018
    #2
  3. MyDarlinghurst

    MyDarlinghurst Well-Known Member

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    Thanks Darl;)
     
    MyDarlinghurst, 25th Jan, 2018
    #3
    Gingin and MTR like this.
  4. The Y-man

    The Y-man Moderator Staff Member

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    Well, I truly do hope they and DJs continue to do well into the future - they are anchor tenants in some of the centres I have ownership interests in....

    The Y-man
     
    The Y-man, 25th Jan, 2018
    #4
  5. MyDarlinghurst

    MyDarlinghurst Well-Known Member

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    Last November Solomon tried to get onto the myer board but was rejected.

    since then shares have gone from 78 cents to 62 cents.
     
    MyDarlinghurst, 25th Jan, 2018
    #5
  6. Player

    Player Well-Known Member

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    fallingknives.png
     
    Player, 25th Jan, 2018
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    Gingin, 158 and equityma like this.
  7. equityma

    equityma Well-Known Member

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    I've chatted with a Myer sale manager and she said they're going to close down more stores.

    Lew could buy more myer shares (more than 25%) without triggering a take over target as long as the purchase plan takes over 6 months.

    Alibaba is the best as China has been taken over the US as the purchasing powerhouse.
     
    equityma, 25th Jan, 2018
    #7
  8. Ace in the Hole

    Ace in the Hole Well-Known Member

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    I want to have a go at this share trading stuff too, is this the website you use - Create your own virtual stock portfolio and experience what it is like to invest in the stock market. Find ASX sharemarket games that provides stock market education through way of a free share market trading game
     
    Ace in the Hole, 25th Jan, 2018
    #8
  9. willair

    willair Well-Known Member Premium Member

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    upload_2018-1-25_20-13-19.png

    There is nothing wrong with the ownership , but name-dropping and linking the both is when the decline starts..good luck..
     
    willair, 25th Jan, 2018
    #9
  10. hobartchic

    hobartchic Well-Known Member

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    I used to love shopping at Myer but the last few times I have been in store the value was not there in terms of product or service. Just not competitive lately and retail spending is down. Better products (the prices were absurd too) and professional well paid staff and would improve. Myer has been complacent for some time.
     
    hobartchic, 25th Jan, 2018
    #10