MENU

Why Myob Group Ltd is targeting this $1 billion market opportunity

Myob Group Ltd (ASX: MYO) estimates that last year’s acquisition of payment services company Paycorp could open up a new market worth over $1 billion.

This is according to a presentation made by the company at the Macquarie Group Ltd (ASX: MQG) conference in Sydney. An integrated accounting and payments solution is a real value add for Myob users as it makes their internal processes much easier through the automation of payment services.

Foolish takeaway

While I think there is real value in the payment services, I think drawing out this value in other payment areas such as e-commerce might be difficult to implement.

Even if the proposed Myob acquisition of Reckon Limited (ASX: RKN) goes through, my preference would still be Xero Limited (ASX: XRO) which has been growing at a much faster rate.

If you are looking for other fast growing companies, read this report about The Disruptors.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!