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

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Post by factRbeston Mar 03, 2017 10:44am

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Post# 25926582

It is a penny stock

With two classes of shares

The prefs are worth 80 million so the company value based on the commons is around 210 million. Based on the busines they do and their income does anyone think they are worth more?

Then what is the value less the value of the prefs and that is what the commons are worth/Outstanding shares to get a per share value.

Add to that he 60 million in shares that will be printed.
Probably looking at another 70 to 80 million shares (new paper is always sold at a discount)

I think at this point a buck is very generous unless ESW wants to provide a little more detail.