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ASX:MYR
Myer Holdings Ltd
Investment Summary
The fund managers believe that Myer Holdings Ltd has strong investment potential, especially given its current share price of approximately $0.76. In their opinion, the company is backed by increasing valuation support and stands to benefit from anticipated revenue gains due to an upcoming rate cut. They also highlight significant upside potential connected to the existing synergy guidance. Furthermore, the fund managers express confidence in the leadership, noting that the executive team possesses a proven track record of creating value, which bolsters their positive outlook on the investment.
Commentary From The Managers
Ten Cap
28 Feb 2025
$0.76
- Myer (MYR) was added to during the month.
- Potential for increasing valuation support is evident.
- Revenue benefits are anticipated from a rate cut.
- There is significant upside to the current synergy guidance.
- The executive team has a long track record of creating value.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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