MYOB $1.27

I got these shares in the middle of last year (See post: Plan of Attack) and they’ve just been going from strength to strength. In their report release earlier this week, they announced that they had increased their revenues by 13% in 2006 to $A182.3 million. Since their dip in revenue in 2001, MYOB has been able to generate positive growth in revenue, year in year out.

2001: $67 million
2002: $75 million
2003: $88 million
2004: $122 million
2005: $161 million
2006: $182 million

wooohooo..! and just check out their share price go.

I got these at under $1 but I still think they’re a good buy and will continue their upwards journey past $2 this year. Apparently, MYOB are now cashed up enough to take on China. They’ve already spent a couple of million in a joint venture with a local SME software provider, Jin Cai.

So if there’s any believers out there.. it’s all BUY BUY BUY :D

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