MYOB Limited
Recommendation
MYOB Group Limited -
MYO
Current price
$3.40 at 16:35 (09 May 2019)
Price at review
$1.05 at (25 August 2008)
Business Risk
Medium-Low
Share Price Risk
Medium-High
All Prices are in AUD ($)
Please check the following:
- {{x.value}}
FREE membership
FREE membership
Join Intelligent Investor today
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
Please enter the 5 digit verification code sent to "{{user.DayPhone}}" Change number
We cannot send you a verification code via SMS to "{{user.DayPhone}}" Change number
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
Please enter your mobile number and press send to receive a text message with a verification code.
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
Thank you
We have sent you an email with the details of your registration.
Purchase order
Sign up
Log in
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Log in
Upgrade Today
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
{{eventFunction.Name}}
{{eventFunction.EventTypeName}}
{{eventFunction.StartDate}}
{{eventFunction.EventTimings}}
{{eventFunction.VenueName}}
{{ t.Cost === 0 ? "FREE" : "$" + t.Cost.toFixed(2) }}
Quantity *
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
Congratulations!
You now have free access to InvestSMART, we look forward to helping you on your financial journey.
You now have access to Free Eureka Report Insights, We look forward to helping you on your financial journey.
You now have access to Intelligent Investor Free Insights. We look forward to helping you build a market beating stock portfolio.
Looking for more…
Intelligent Investor Membership
15-day Free Trial
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
No thanks
Looking for more…
Eureka Report Membership
15-day Free Trial
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
No thanks
The $18.5m loss accounting software provider MYOB reported for the half year to 30 June shouldn’t worry shareholders too much. The company incurred $28.3m in ‘specific items’ related to the disposal of its UK business. For the ongoing business, revenue was up 6.6% to $92m and net profit rose 27.2% to $9.8m. As a bonus, shareholders will be able to vote on a proposed 12.9 cent per share distribution (part special dividend, part capital return) at the annual general meeting in November.
There have been a number of changes at MYOB. Tim Reed, former managing director of MYOB Australia, has replaced founder Craig Winkler as chief executive officer. This may be a result of the shareholder spat we discussed on 11 Jun 08. Secondly, the company has made a shift towards internet services by spending $7m for SmartyHost, a web hosting service. We suspect shareholders might be better served if management focused on the accounting software market, where MYOB is an established brand. With the stock price down 25% since 11 Jun 08 (Hold - $1.385), MYOB is on our radar but at this stage it remains a HOLD.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
MYOB Group Limited -
MYO
Current price
$3.40 at 16:35 (09 May 2019)
Price at review
$1.05 at (25 August 2008)
Business Risk
Medium-Low
Share Price Risk
Medium-High
All Prices are in AUD ($)
People who read this, also read...
Call 1300 880 160
Start a chat
Schedule a call
