MYOB arch-rival Xero says it was disappointment with MYOB’s results rather than the Bain overhang that sent its shares plunging and that its key rival in the US, Intuit, also disappointed investors. With special feature audio.
MYOB shares fell as much as 10.6% yesterday after its first-half results were more or less in line with its prospectus forecasts. With special feature audio.
"That 58% [Bain] have a lot more information than the market does to judge long term prospects"