MYOB
Stock Code
Stock Exchange
MYOB (MYO) caters software development and publishing solutions to small and medium enterprises worldwide. Its business operations are mainly held in Australia, United Kingdom and New Zealand. It listed on the Australian Stock Exchange on 9th of July, 1999. Its business division focuses on the provision of business management software and services to small and medium enterprises. The Company’s accountants segment caters business software and services to accounting firms.
SB Citigroup have given MYOB (MYO) a Hold, High Risk recommendation and a share price target of 94 cents. The broker has commented that cash flow was the highlight of the result which met guidance given in June. The stockbroker has also noted that MYOB management has indicated that it could borrow up to $100 million for acquisitions in addition to the $30 million available on their balance sheet.
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