Reckon Ltd T.RKN

Primary Symbol: RKNLF

Technology Software - Application

Reckon Limited is an Australia-based software company that provides software for accountants, bookkeepers, lawyers, small and medium enterprises (SMEs) and personal users. The Company’s divisions include Business Group and Legal Practice Management Group. Business Group provides accounting and payroll software for small to larger sized businesses and personal wealth management software branded as Reckon One, Reckon Mobile and Reckon Accounts Hosted (cloud products), Reckon Accounts Business and Reckon Accounts Personal respectively. The divisions operate predominantly in Australia and New Zealand. Legal Practice Management Group provides practice management software and workflow solutions to legal firms for document scanning and routing, print management and cost recovery solutions under the nQZebraworks brand, with a focus on releasing new cloud practice management products. It operates predominantly in the United States and United Kingdom, with re-sellers in other parts of the world.

OTCPK:RKNLF - Post by User

Reckon Ltd

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Comment by barackon Sep 28, 2012 11:47am

219 Views

Post# 20424769

RE: RE: bought deal financing?

Not sure liquidity is an issue for this stock and increasing market cap by diluting shares isn't the way to go.

It's true that to secure and win deals from big players you need to show a strong balance sheet. I would bet the farm that they will announce an acquisition soon.

I'm not sure who they can acquire to increase their size and scope. There's not many small players in this space they can afford, and it's not a business that you can go vertical on.

Probably be a technology based acquisition.

I question the timing, because finally the stock was showing some momentum, obviiusly GMP and company wanted some cheap shares.

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