Short n’ sweet – MYOB is no Xero

Editorial director of Switzer
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On our sister publication – Switzer Daily – Switzer Super Report expert Paul Rickard has today written about the upcoming MYOB IPO and what he thinks about it.

With an expected price of between $3 to $4, Paul writes that it would be too expensive for him at the higher end of that bracket.

“MYOB is forecasting a NPATA (Net Profit after Tax and adding back the tax effect of amortization expenses) of $90.3 million for the 12 months ending June 2016. This number is based on tight cost growth of less than 2% over the previous year, and revenue growth of just under 9%,” he says.

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