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.

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Reckon Ltd > Analyst's with a $4 price target: Are they on Glue

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Comment by MatWeion Feb 23, 2017 11:20am

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Post# 25883086

RE:RE:RE:RE:RE:RE:Analyst's with a $4 price target: Are they on Glue

You had to know it was coming (all the analyst reports mentioned possible equity raise after the latest conf. call). Of ESW's $80M, $50M went to pay out the debt leaving only $30M, and ops is still eating cash, not generating cash. $60M restructuring cost is high, but I can see it as feasible.. they are effectively halving the company revenue, and presumably halving company size. The restructuring associated with Orga was already some $20M and it was much smaller scale.

My question is who on earth would want to buy in?