Myer Might be in Sights of a Player; FVE Unchanged at AUD 1.20 on a Standalone Basis
No-moat-rated Myer saw 81.7 million of its shares change hands in a single trade at AUD 1.15 per share on March 27, 2017, representing 9.9% of shares outstanding. There is media speculation on who might have bought the line, but we refrain from adding to the speculation.The stock is currently trading close to our unchanged fair value estimate of AUD 1.20 per share.
We expect consumer confidence to remain relatively muted in the near term, despite record low interest rates and a buoyant housing ...
Myer Holdings is a department store group, with more than 60 stores across Australia. Co. also owns Australian womenswear designer brand, sass & bide.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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