MYO.AX - MYOB Group Limited

ASX - ASX Delayed Price. Currency in AUD
3.3700
0.0000 (0.00%)
As of 11:06AM AEDT. Market open.
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Previous Close3.3700
Open3.3700
Bid3.37 x 0
Ask3.38 x 0
Day's Range3.3600 - 3.3750
52 Week Range2.7200 - 3.6900
Volume107,249
Avg. Volume3,352,711
Market Cap1.988B
Beta (3Y Monthly)0.55
PE Ratio (TTM)34.74
EPS (TTM)0.10
Earnings DateFeb 21, 2019
Forward Dividend & Yield0.12 (3.41%)
Ex-Dividend Date2018-10-04
1y Target Est3.35
  • Reuters27 days ago

    Deals of the day-Mergers and acquisitions

    (Adds National Commercial Bank) Dec 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: ** Indian healthcare firm Max India Ltd said it would sell ...

  • The Wall Street Journal27 days ago

    [$$] MYOB Agrees to Back KKR Offer if Better Bid Not Found

    KKR is offering 3.40 Australian dollars (US$2.39) to acquire each share in MYOB the private equity firm doesn’t already own, down from earlier proposals as high as A$3.77 a share. MYOB on Monday said it has entered a scheme implementation agreement with KKR to proceed with its revised proposal. If a better bid is found, KKR has agreed to sell its shareholding to the rival suitor.

  • MYOB Can Do Better than KKR's Bid. But It Won't
    Bloomberg28 days ago

    MYOB Can Do Better than KKR's Bid. But It Won't

    Having initially offered A$3.70 per share for the Australian accounting-software maker, the private equity firm cut its bid to A$3.40. KKR’s A$2 billion ($1.4 billion) offer prices MYOB at about 4.5 times sales, compared with the 5.5 times median for a group of peers such as Intuit Inc. and Xero Ltd. The bid, at 20.6 times estimated current-year earnings, also falls short of the 25.8 median of others in the sector. All these numbers indicate that shareholders ought to hope for more.

  • MYOB Can Do Better than KKR's Bid. But It Won't
    Bloomberg28 days ago

    MYOB Can Do Better than KKR's Bid. But It Won't

    Having initially offered A$3.70 per share for the Australian accounting-software maker, the private equity firm cut its bid to A$3.40. KKR’s A$2 billion ($1.4 billion) offer prices MYOB at about 4.5 times sales, compared with the 5.5 times median for a group of peers such as Intuit Inc. and Xero Ltd. The bid, at 20.6 times estimated current-year earnings, also falls short of the 25.8 median of others in the sector. All these numbers indicate that shareholders ought to hope for more.

  • MYOB Can Do Better than KKR's Bid. But It Won't
    Bloomberg28 days ago

    MYOB Can Do Better than KKR's Bid. But It Won't

    Having initially offered A$3.70 per share for the Australian accounting-software maker, the private equity firm cut its bid to A$3.40. KKR’s A$2 billion ($1.4 billion) offer prices MYOB at about 4.5 times sales, compared with the 5.5 times median for a group of peers such as Intuit Inc. and Xero Ltd. The bid, at 20.6 times estimated current-year earnings, also falls short of the 25.8 median of others in the sector. All these numbers indicate that shareholders ought to hope for more.

  • Australia's MYOB recommends KKR's marked-down $1 billion buyout offer, shares rise
    Reuters28 days ago

    Australia's MYOB recommends KKR's marked-down $1 billion buyout offer, shares rise

    Australian accounting software maker MYOB Group Ltd said it would back a marked-down A$1.6 billion ($1 billion) buyout offer from private-equity giant KKR & Co in a bid to navigate a broader market turmoil, sending its shares higher. MYOB said in a statement on Monday it would now recommend the offer, given a 10 percent drop in the Australian equity market since KKR first made a higher indicative bid in October, and the cost of a company restructure still underway. "We believe it is in the best interests of shareholders to put and recommend this transaction to shareholders having regard to market uncertainty and the longer-term nature of the strategic growth plan," Chairman Justin Milne said.

  • Reuters28 days ago

    Australia's MYOB recommends KKR's marked-down $1 bln buyout offer, shares rise

    Australian accounting software maker MYOB Group Ltd said it would back a marked-down A$1.6 billion ($1 billion) buyout offer from private-equity giant KKR & Co in a bid to navigate a broader market turmoil, sending its shares higher. MYOB said in a statement on Monday it would now recommend the offer, given a 10 percent drop in the Australian equity market since KKR first made a higher indicative bid in October, and the cost of a company restructure still underway. "We believe it is in the best interests of shareholders to put and recommend this transaction to shareholders having regard to market uncertainty and the longer-term nature of the strategic growth plan," Chairman Justin Milne said.

  • Australia's MYOB recommends KKR's lower buyout offer
    Reuters28 days ago

    Australia's MYOB recommends KKR's lower buyout offer

    Last week, KKR cut its A$1.8 billion buyout proposal for the struggling Australian company. This came seven weeks after KKR upped its indicative bid to access MYOB's financial records. Shares of the Melbourne-based company tumbled 14 percent following KKR's lowered offer price and last traded at A$2.870 on Friday, representing a 18.5 percent discount to the new price.

  • Reuterslast month

    PE giant KKR cuts buyout price for Australia's MYOB, sending shares tumbling

    U.S. private equity giant KKR & Co slashed a A$1.8 billion ($1.3 billion) buyout proposal for Australian accounting software maker MYOB Group , a sign of the souring appeal of high-tech investments and sending the target's shares down. Seven weeks after KKR upped its indicative bid for the struggling Australian company to access its financial records, it wiped 10 percent from the price it had suggested paying, MYOB said in a statement on Thursday. KKR first approached the company in October with a proposal to buy the 80 percent it did not already own for A$3.70.

  • Reuterslast month

    MYOB says not in a position to recommend KKR's lower offer

    Australia's MYOB Group on Thursday said it could not recommend a downwardly revised offer by KKR & Co after the U.S. buyout giant lowered its bid to take full control of the accounting software firm. MYOB said its board had informed KKR that it was not in a position to recommend the new offer which values the company at $1.43 billion, however it "remains in discussions with KKR regarding its proposal". The U.S. firm, which already owns 19.9 percent of MYOB, revised its offer down by about 10 percent to A$3.40 per share from $3.77, following completion of due diligence and finalisation of debt funding commitments.

  • The Wall Street Journallast month

    [$$] KKR Cuts Takeover Offer for Australia's MYOB

    MYOB said KKR is now offering 3.40 Australian dollars ($2.42) to acquire each share the private-equity firm doesn’t already own, valuing the company at roughly A$2.01 billion. KKR last month raised its proposed takeover price to A$3.77 a share, from A$3.70, prompting the Australian company to open its books. “Following completion of due diligence and finalization of debt funding commitments, KKR has revised the offer price to A$3.40 per share,” MYOB said on Thursday.

  • Reuters3 months ago

    Australia's MYOB gets sweetened takeover bid from KKR

    Australian accounting software provider MYOB Group on Friday said the U.S. private equity firm KKR & Co has sweetened its earlier takeover offer by about 2 percent to A$3.77 a share, valuing the company at A$2.23 billion ($1.61 billion). KKR last month had launched a A$1.75 billion, or A$3.70 per share, offer after buying almost a fifth of MYOB, as the U.S. firm attempts to grow its portfolio of tech businesses. MYOB said it has granted KKR access to its books and added that an independent panel would continue to evaluate and assess the KKR proposal.

  • The Wall Street Journal3 months ago

    [$$] KKR Raises Takeover Offer for Australia's MYOB Group

    Ltd. said KKR & Co. has raised its takeover offer, prompting the Australian software company to open its books to the private-equity firm. MYOB said KKR is now offering 3.77 Australian dollars ($2.72) to acquire each share that it doesn’t already own, up from a previous bid of A$3.70 a share. KKR made its move on MYOB early last month when it bought nearly 104 million shares, representing about 17.6% of MYOB, from Bain Capital at a price of A$3.15 a share.

  • Reuters3 months ago

    KKR launches $1.2 billion offer for Australian accounting software firm MYOB

    KKR & Co (KKR.N) has launched a A$1.75 billion (945.4 million pounds) takeover offer for MYOB Group (MYO.AX) after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses. The MYOB bid, if successful, would become one of KKR's biggest acquisitions in Australia and add to its 10-strong stable of technology-driven businesses in the Asia-Pacific region. KKR last year raised $9.3 billion - a regional record - in its third Asia-focused buyout fund.

  • Reuters3 months ago

    KKR launches $1.2 bln offer for Australian accounting software firm MYOB

    KKR & Co has launched a A$1.75 billion ($1.24 billion) takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses. The MYOB bid, if successful, would become one of KKR's biggest acquisitions in Australia and add to its 10-strong stable of technology-driven businesses in the Asia-Pacific region. KKR last year raised $9.3 billion - a regional record - in its third Asia-focused buyout fund.

  • Australia's MYOB Group announces A$1.75 billion buyout offer from KKR
    Reuters3 months ago

    Australia's MYOB Group announces A$1.75 billion buyout offer from KKR

    (Reuters) - Australia's MYOB Group (MYO.AX) on Monday said private equity firm KKR & Co (KKR.N) proposed to buy shares it does not already own in the cloud services provider for about A$1.75 billion ($1.23 ...

  • Reuters3 months ago

    Australia's MYOB Group announces A$1.75 bln buyout offer from KKR

    Australia's MYOB Group on Monday said private equity firm KKR & Co proposed to buy shares it does not already own in the cloud services provider for about A$1.75 billion ($1.23 billion) after bagging a 17.6 percent stake in MYOB from Bain Capital Abacus Holdings, L.P. KKR paid about A$327.4 million, or A$3.15 per share, for the stake from Bain to build up its hold in MYOB to 19.9 percent. KKR's proposal follows another deal in 2017 wherein it acquired Australian non-bank lender Pepper Group for about A$682 million.

  • Simply Wall St.4 months ago

    MYOB Group Limited (ASX:MYO): 4 Days To Buy Before The Ex-Dividend Date

    If you are interested in cashing in on MYOB Group Limited’s (ASX:MYO) upcoming dividend of AU$0.058 per share, you only have 4 days left to buy the shares before its Read More...

  • Does MYOB Group Limited (ASX:MYO) Generate Enough Cash?
    Simply Wall St.4 months ago

    Does MYOB Group Limited (ASX:MYO) Generate Enough Cash?

    MYOB Group Limited (ASX:MYO) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested backRead More...

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of MYO.AX earnings conference call or presentation 24-Aug-18 12:01am GMT

    Half Year 2018 Myob Group Ltd Earnings Call

  • What does MYOB Group Limited’s (ASX:MYO) Balance Sheet Tell Us About Its Future?
    Simply Wall St.5 months ago

    What does MYOB Group Limited’s (ASX:MYO) Balance Sheet Tell Us About Its Future?

    While small-cap stocks, such as MYOB Group Limited (ASX:MYO) with its market cap of AU$1.81b, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...

  • Is MYOB Group Limited (ASX:MYO) Still A Cheap Tech Stock?
    Simply Wall St.6 months ago

    Is MYOB Group Limited (ASX:MYO) Still A Cheap Tech Stock?

    MYOB Group Limited (ASX:MYO), is a AU$1.85b small-cap, which operates in the software industry based in Australia. In the past decade, mega-tech companies, have built highly successful and ubiquitous platformsRead More...

  • Is MYOB Group Limited’s (ASX:MYO) Balance Sheet A Threat To Its Future?
    Simply Wall St.7 months ago

    Is MYOB Group Limited’s (ASX:MYO) Balance Sheet A Threat To Its Future?

    Investors are always looking for growth in small-cap stocks like MYOB Group Limited (ASX:MYO), with a market cap of AU$1.65B. However, an important fact which most ignore is: how financiallyRead More...