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    MYD   AU0000107187

MYDEAL.COM.AU LIMITED

(MYD)
  Report
Delayed Australian Stock Exchange  -  09:18 2022-06-26 pm EDT
1.025 AUD   +0.49%
05/20Australian Shares Rebound Amid Rally in IT Counter Following Previous Session's Sell-off
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05/20Tech stocks help Australian shares post first weekly gain in five
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05/20Woolworths Group Offers to Purchase 80% Stake in MyDeal.com.au
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Mining, tech stocks lift Australian shares higher

05/19/2022 | 09:56pm EDT

May 20 (Reuters) - Australian shares rose in early trade on Friday, led by gains in export-centric mining stocks after China hinted on further stimulus support and technology stocks recovering after sell-off in the previous session, even as global markets were subdued.

The S&P/ASX 200 index rose 1% to 7133.40 by 0045 GMT. The benchmark fell 1.7% on Thursday amid a broader sell-off.

Global sentiment continued to tread in negative territory, as investors fretted about inflation and rising interest rates.

In other key markets, Japan's Nikkei added 0.4% to 26,506.9 and S&P 500 E-minis futures were up 0.5%.

The mining sub-index has jumped nearly 4% this week, as iron ore prices gained on renewed optimism over economic recovery by Australia's top trading partner China. The sub-index added close to 2% for the session, hitting its highest level in three weeks.

Mining giants BHP Group, Rio Tinto and Fortescue Metals Group climbed between 2% and 2.6%.

Technology stocks rose over 3% for the week, after swinging between gains and losses all week as inflation woes kept rocking the markets.

ASX-listed shares of Block Inc soared 7%, while accounting software firm Xero Ltd added 2.5%.

Gold stocks gained about 5% this week, on track to snap a four-week losing streak on strong bullion prices.

Online retailer MyDeal.com soared over 50% after supermarket chain Woolworths Group offered to buy an 80% stake.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.5% to 11260.92.

A Reuters poll found that the central bank will hike interest rate by half a percentage point when it meets on May 25. (Reporting by Jaskiran Singh; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 3.42% 41.37 Delayed Quote.-3.57%
BLOCK, INC. 5.54% 71 Delayed Quote.-56.04%
FORTESCUE METALS GROUP LIMITED 4.05% 18.005 Delayed Quote.-10.05%
MYDEAL.COM.AU LIMITED 0.49% 1.025 Delayed Quote.28.30%
WOOLWORTHS GROUP LIMITED 1.41% 35.96 Delayed Quote.-6.71%
XERO LIMITED 1.00% 82.88 Delayed Quote.-41.92%
All news about MYDEAL.COM.AU LIMITED
05/20Australian Shares Rebound Amid Rally in IT Counter Following Previous Session's Sell-of..
MT
05/20Tech stocks help Australian shares post first weekly gain in five
RE
05/20Woolworths Group Offers to Purchase 80% Stake in MyDeal.com.au
MT
05/19Australia's Woolworths offers to buy majority stake in MyDeal.com
RE
05/19Mining, tech stocks lift Australian shares higher
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04/2216,029,879 Ordinary Shares of MyDeal.com.au Limited are subject to a Lock-Up Agreement ..
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03/28Mydeal Launches New Marketplace Amazed.com; Shares Jump 5%
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03/28MYDEAL COM AU : MYD Investor Presentation - Amazed.com
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03/28MyDeal.com.au Limited Announces Launch of Amazed.com Marketplace
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03/20MYDEAL.COM.AU LIMITED(ASX : MYD) dropped from S&P/ASX All Ordinaries Index
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More news
Financials
Sales 2022 63,3 M 44,0 M 44,0 M
Net income 2022 -8,50 M -5,91 M -5,91 M
Net cash 2022 25,9 M 18,0 M 18,0 M
P/E ratio 2022 -32,9x
Yield 2022 -
Capitalization 264 M 183 M 183 M
EV / Sales 2022 3,76x
EV / Sales 2023 2,87x
Nbr of Employees 85
Free-Float 18,6%
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Technical analysis trends MYDEAL.COM.AU LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 1,02 AUD
Average target price 1,03 AUD
Spread / Average Target 0,49%
EPS Revisions
Managers and Directors
Sean Amila Senvirtne CEO, Executive Director & Managing Director
Lachlan Freeman Chief Financial Officer
Paul Dennis Greenberg Non-Executive Chairman
Pankaj Sharma Head-Technology
Joshua Thomas Mangan Chief Operating Officer
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