Australian Stock Report - Share Tips

Myer 3Q FY12 Sales Of $651.1 million

share-tips
Publish date: Wed, 23 May 2012, 07:12 PM
share-tips
0 1,810
Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.

Myer Holdings operates department stores, which relisted on the Australian Stock Exchange late 2009.

The Company retails womens wear; mens wear; youth fashion; childrens wear; intimate apparel; beauty, fragrance and cosmetics; housewares; electrical goods; toys; fashion accessories; and general merchandise.

Myer 3Q FY12 Sales Of $651.1 million

Myer reported 3Q FY12 sales of $651.1 million, down 0.9% compared to the same quarter in the prior year.

The group said that on a like-for-like basis, sales were down 2.1% compared to last year.

CEO Bernine Brooks said that "the result was solid considering the very difficult trading environment in April, which has continued in the first few weeks of the fourth quarter."

The group also lowered its FY12 NPAT guidance to be no worse than 15% below FY11's profit. It had previous said it would be no worse 10% below the FY11 results.

Myer 3Q FY12 Sales Of $651.1 million is a post from: Australian Stock Report Share Tips

No related posts.

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment