Myer shares were listed under the issue price of $4.10, but opened today at $3.88 on the ASX — a reminder that timing is everything.
Myer
Tips and rumours: Tips and rumours: Book launch of the year?
What book launch — dubed a “warts-and-all autobiography” — next week in Sydney is expected to ruffle a few media feathers? And ABC TV plans a big management and structural revamp.
Take note, Myer: there’s a bit to like in DJ’s approach
Myer’s share offer closes tomorrow so its doing some market massaging, with slightly dodgy sales information that lacks key figures. Why can’t Myer follow the honesty of David Jones?
Tips and rumours: Tips and Rumours: Staff vs. editor at The Advertiser
How has the The Advertiser mess between staff and editor played out since last week’s Crikey story? Plus, Myer gossip.
Tips and rumours: Tips and rumours: Why Bernie Finn dislikes Obama
Victorian MP Bernie Finn does not want to be Facebook friends with Obama, gossip from the Press Gallery, the various troubles of Richard Lupin and more from Crikey’s top tipsters.
Knee-deep in the Myer or what?
So is the Myer share issue the knock ‘em down sure thing that its promoters are trying to tell us it is? Then why is a leading broker trying so hard to whip up interest?
Tips and rumours: Tips and rumours: Public servants get chakras aligned at taxpayer expense!
According to one tip-off today, a federal agency is the talk of the town after forking out $50,000 for a recent two night/three day sojourn at a luxury Southern Highlands resort for the entire staff.
Myer and the perils of the private equity float
There are three reasons why investors should steer clear of the upcoming Myer float, even if Jennifer Hawkins and Rebecca Twigley are flogging it: historical, macro-economic and Myer specific reasons.
TPG is no new Dawn for Myer
Myer’s stunning profitability has garnered the brand plenty of headlines, writes our Retail Watcher — but that’s only half the story. Can the company actually deliver sustainable sales growth? It doesn’t look good.
Tips and rumours: Pay cuts in the Army Reserve?
Crikey’s tipsters today send in word on the street about Anna Bligh’s unfortunate school evacuation moment, KPMG’s nuclear-powered report and pay cuts in the defence forces.
Your Say: Daily Mail readers' feedback: Kyle and the meeja
Crikey readers continue to weigh in on Steve Fielding’s spelling issues and whether Godwin’s Law will bring down vile Kyle Sandilands.
Myer float damns former management
This is a continuing and dreadful indictment of the former leadership of Myer and its parent company Coles Myer, writes Rob Lake.
What’s going on with the Myer float? Time for some analysis
The TPG boys have done a remarkable job of hacking the bejesus out of Myer, writes a retail insider
Myer takes new product to market: itself
For potential investors in Myer’s float tomorrow one question remains: will private equity firm TPG retains shares? They will look for a show of faith to overcome concerns about the chequered history of such deals, says Elizabeth Knight.
Tips and rumours: Tips and rumours: Old is new again at Myer
What brand is Myer rehashing as it prepares to flog the business later this year? Also, is there really a worse transport company than our airlines? Apparently so…
Navy wishes it could turn back time over Myer stunt?
Sailors are not to be treated as sexual objects — except, it seems, when male sailors can be officially pimped out to promote Myer’s latest summer swimwear range.
Tips and rumours: MP sends smoke signals
Which Federal MP was spotted puffing away in Melbourne? How is Courtney Gibson’s resignation being received at ABC Central? These answers and more from our tipsters.
How rate cuts and a little stimulus saved Myer
Without the $432 million in government stimulus spending that Myer received, the company would still be struggling under a mountain of debt.
There’s no other earnings surge like David Jones
It seems Australian shoppers are not letting a small rise in unemployment or sluggish times in the broader economy get in the way of a good spend.
Bernie Brookes: Myer still firing
Myer chief executive Bernie Brookes tells Business Spectator that he rejects the federal government’s changes to workplace law.
Can’t squat, can’t work, says Myer
Myer has ruled a 61-year-old woman unfit to work as she was unable to complete a squat or walk up stairs without holding onto the railing, although she works behind a desk in a clerical position.
Tips and rumours: Tensions are high in the Young LNP
Why are tensions high in the Young LNP? And which Jennifer Hawkins’ fashion spread has Myer fuming?
Tips and rumours: Is Myer set to lose another major brand to DJs?
A tipster claims another big household name is set to ditch Myer, while another explains the comings and goings of “female interest” writers in major newspapers.
Tips and rumours: Q&A with the Australian Jockey Club
As an attendee of last week’s AJC Extraordinary General Meeting, one can only give it one positive spin — it lived up to its title of being “extraordinary”.
Myer shelves its dreams of world domination
Myer’s dream of a gleaming new Dubai store in the Ibn Battuta Mall has been out on laybuy, maybe shelved, writes Andrew Crook.
