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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 > $3 and most tender IMO
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Comment by kevinNashon Sep 30, 2016 7:05am
44 Views
Post# 25293937

RE:$3 and most tender IMO

RE:$3 and most tender IMO The chart broke the 200dma on volume, and the 200 week moving average is at 3.79. (Between 3.60-5 is the range this has traded for years) Basically, the 200 week MA represents where a big majority of the last couple years the share price has hovered. Just because an offer based on 3 dollars is being pushed for doesn't mean the majority of shareholders will accept it.  I know, I know there are posters here cheering for 3 dollars but what's the rationale for 3? Sharehlders and management might be thinking, with Orga costs already behind them, 2017 is looking like a big pivotal point in their history.  Why bail at such a low number now?  I'll be in the green either way, but I'm trying to present a balanced view.  (I don't work for any of the companies involved in this negotiation, do any of you?)


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