bourke street mall myer melbourne
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86% Earnings Spike for Myer

After the announcement of an increase of 86-91% in expected earnings, Myer (ASX.MYR), shares soared to 12-month highs. The group posted a range between $174-179 million and $174-91 million in FY21 earnings.

Although the EBITDA forecast has not been audited and does not include any significant items or implementation expenses, it is still a significant improvement over FY19’s $160.1 million pre-COVID earnings.

Premier Investments (ASX PMV), a minority investor, has been urging appears that Myer has not only increased sales by 5.5 percent to $2.67 trillion, but also its profit margins.

Myer, a long-standing legacy brand, has managed to increase its online sales by 27.7 percent to $539.5million, more than a fifth in revenue.

Net profit after taxes (NPAT), could range anywhere from $47 million to $50 million. Myer managed to increase its net cash position, which was $8 million at June’s end last year, to $112 millions a year later.

This NPAT is less impressive when you consider that Myer received $51million in JobKeeper payments between August and September. The company is not repaying these payments, unlike many of its rivals. Myer spokesperson added that the net wage subsidy received after tax was $32million.

Myer had $18 million in rent- and outgoings waivers during the December half.

It is evident that Myer’s profits without JobKeeper or waivers would have been very low. However, a spokesperson for Myer stresses that Myer would have taken other measures to cut costs in light COVID-19.

This is still a better result than FY20, when Myer’s losses were $11.3 million despite $93million in JobKeeper payments.

Myer’s losses statutory were worse than before COVID-19 was established, with results of $33.2 million in the black in FY19.

Myer claims it expects to return at the second half of NPAT profitability for first time since FY17. It is estimated that Myer will spend between $4-7 million. This was not possible without JobKeeper or rent waivers. However, there was a significant improvement in performance despite the lockdowns.

CEO John King stated today that “our Customer First Strategy continues its momentum, delivering an significantly improved full-year profit result despite the ongoing COVID effects in FY21.”

“We will provide additional commentary at our September audited results announcement.”

MYR shares were at $0.515 per share at the time of writing, an increase of 9.57 percent from $0.29 at 2021 and just below their $0.475 levels at 2020.

Generic Lithium Ion Battery
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Recycle Spent Batteries instead of Buying New Ones

Lithium-ion batteries are considered to be the best rechargeable batteries. However, when you look at them, you will see that they are very inexpensive compared to other rechargeables and that’s why they are being dumped. What does this mean for you? It means that if you want to help Mother Nature, the environment and your pocketbook, you should buy Lithium-ion batteries.

Environmental Impacts Another major environmental impact associated with Li-ion batteries is the chemical waste created during manufacturing. Manufacturers typically pour batteries down a drain and then dump all of the discharged liquid into a nearby lake. Because manufacturers are so secretive about exactly what goes inside their rechargeables, it makes it very difficult to recycle them properly. Li-ion batteries contain two chemicals, both of which are dangerous to the environment. Residues from these chemicals can make their way into water supplies, causing pollution.

Nickel Metal Hydride is the primary component in Li-ion batteries. This metal is very brittle, so it is frequently mixed with graphite to create a stiffer metal. When combined with nickel, the battery’s energy density is substantially increased, which increases its range of applications. Unfortunately, this increase in energy density also makes the batteries more expensive to manufacture, so they are rarely sold for cheap.

Lead sulphates, commonly referred to as SHS, are commonly used as additives in new Li-ion batteries. Although they are highly toxic, they are still used because they improve the battery’s ability to store energy more efficiently. Unfortunately, they are extremely dangerous to the human body and create numerous health problems once they are released into the environment. Once released into the environment, they tend to seep into water supplies and eventually find their way into seafood. Fish and wildlife are often fatally ill from ingesting lead sulphates, which means that this particular use of additives could be contributing to the decline of global fish populations.

Lithium extraction is a process that does not include toxic chemicals. Instead, this process uses only clean, natural processes to extract the lithium from the raw materials. Lithium metal is often extracted using electrolysis or cold processing. Lithium metal ions are captured using electrodes, and the positive and negative charges are separated out. The resulting compound is then treated using oxygen or water to remove any remaining particles or organic compounds.

There are, however, some limitations to lithium-ion batteries’ environmental impact. One limitation is that these batteries release significant amounts of electricity into the atmosphere. The emissions can be harmful to the environment if the car runs on fossil fuel for extended periods of time. However, lithium-ion batteries do produce a small amount of carbon dioxide when charging, so it is important to keep the vehicle’s engine running at maximum efficiency.

In addition, lithium-ion batteries have a relatively short life span. This is mainly due to the fact that the materials used in their manufacturing are not capable of producing adequate amounts of energy to allow the batteries to work continuously. Instead, most li-ion batteries lose their ability to store energy over time, which causes them to be recharged every now and then. Unfortunately, recharging can lead to the batteries being discharged to a low state, which requires another recharge. This process of recharging can seriously affect the battery’s ability to retain power over long periods of time, thereby causing it to be unable to power most electronic devices. Lithium-ion batteries also experience what is referred to as memory degradation, whereby their performance deteriorates with time.

Because of these environmental problems, many people have begun to use lithium-ion rechargeable batteries, especially for household applications. Li-ion batteries are becoming more popular because they are less expensive than other types of batteries, but they still have their disadvantages. A better choice would be to recycle the spent batteries rather than purchasing new ones.