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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 > More positive news
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Comment by jutah70on May 19, 2016 6:57pm
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Post# 24890505

RE:RE:RE:RE:RE:RE:More positive news

RE:RE:RE:RE:RE:RE:More positive newsJust discovered this name recently (not a holder yet).  skimming the financials it looks like some positive focus points - a few Tier 1 clients; increase in recurring revenue; reduced operating costs; shoring up some equity by buying back stock.

Was interested in the story (unknowingly) when seeing a 60 Minutes article regarding m-pesa.  Essentially a disruptive technology for the banking system.  In the article they stated that Western banks would likely be fighting this technology from gaining traction in Europe and Nth Am.  So adoption by a Tier 1 may not come soon.

What would be interesting to know is the value in the intellectual property - patents/licenses. That could give you an idea of the invisible floor to this stock (a round about book value).
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