Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 11-Jun-15

The market capitalisation of department store group Myer Holdings is $A795m at present, but the value of its intangible assets exceeds $A930m. Bradley King of Armytage Private suggests that Myer’s new management team could opt for intangible assets and inventory writedowns, while he says a capital raising may also be an option. Recent additions to Myer’s management ranks include new CFO Grant Devonport.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, ARMYTAGE PRIVATE LIMITED, TOLL HOLDINGS LIMITED, VILLAGE ROADSHOW LIMITED – ASX VRL, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT