MYOB, Petroz, and Woodside Petroleum: Major Stock Picks

Strategic Insights -

MYOB, an Australian financial management and accounting software company, has recently announced a significant milestone: shipping over 90,000 new software packages to retailers and resellers in June. This achievement not only exceeds the company's annual sales target for 2000 but also represents a substantial user base growth. Meanwhile, Petroz, an energy company, has gained credibility with the resolution of sovereign risk issues concerning East Timor and the entry of Fletcher Challenge Energy as a cornerstone investor. Woodside Petroleum, an oil and gas producer, has seen its stock price rally due to higher oil prices and market expectations of a potential Shell proposal.

Key Takeaways:

  • MYOB has shipped over 90,000 new software packages in June, exceeding its annual sales target for 2000 and representing a 65% achievement in just 8% of the year.
  • MYOB's user base growth nearly equals half of its previous years' operation (210,000 users at the end of 1999).
  • Petroz has seen increased credibility due to the resolution of sovereign risk issues concerning East Timor and the entry of Fletcher Challenge Energy as a cornerstone investor.
  • Fletcher Challenge Energy has provided equity proceeds and financial strength to Petroz, ensuring debt funding for the Bayu/Undan gas and condensate field development.
  • Woodside Petroleum's stock price has rallied to $13.59, driven by higher oil prices and market expectations of a potential Shell proposal.
  • The Bayu/Undan project has increased potential for commercialization through domestic sales.
  • The drilling of four exploration wells over the remainder of the year could further bring Petroz to market attention.

Statistics:

  • MYOB shipped over 90,000 new software packages in June (2000).
  • MYOB's annual sales target for 2000 was not specified, but shipping 98,500 units in 8% of the year represents 65%.
  • Petroz's Bayu/Undan gas and condensate field development costs are approximately $210 million.
  • Fletcher Challenge Energy invested as a cornerstone investor in Petroz.
  • Woodside Petroleum's stock price has reached $13.59 and has maintained the $13.50 mark.
  • Petroz's user base growth nearly equals half of its previous years' operation (210,000 users at the end of 1999).

Sources:

  • "ORD MINNETT BUY MYOB Limited" (June, no date specified)
  • "CRITIC, Petroz" (no date specified)
  • "ORD MINNETT, Petroz" (no date specified)