RECKON (RKN) Shares
📊 Reckon Limited provides software solutions for small to medium businesses, bookkeepers, accountants and lawyers. The company operates throughout Australia and the United States.
📊 Its portfolio operates through Business Group, Accountant Practice Management Group, and Legal Practice Management Group divisions.
📊 The Business Group division develops and distributes business accounting and personal financial software. Related products and services can also be purchased under the Reckon Accounts and Reckon One names. The Legal Practice Management Group division offers tax, management, client accounting and related software products under the APS brand, Reckon Docs and Reckon Elite products.
📊 The Accountant Practice Management Group develops, distributes and support of cost management and recovery, scan and related products and software through nQueue Billback. This division also supplies corporate services that includes company registration and company secretarial tools through the Reckon Docs brand.
📊 Reckon Limited employs more than 300 people and is headquartered in North Sydney, Australia.
OVERVIEW OF RECKON
In 1987 Reckon Limited is founded by Greg Wilkinson. Wilkinson enters a licencing agreement with Intuit and starts distributing Quicken & QuickBooks software products throughout Australia.
During the next 25 years the company markets, distributes and develop these products, growing more popular in households with each purchase and earning a trustworthy name.
In 2012 Intuit announces to take the QuickBooks & Quicken name books back and it releases a cloud accounting program – QuickBooks Online.
It can be purchased throughout Australia. The company continues to sell QuickBooks desktop accounting software, this time under the name Reckon Accounts. In 2012 the company’s personal finance products are renamed Reckon Accounts Personal.
During 2013 the company introduces its cloud accounting program, Reckon One. Through the next few years the company introduces several more products.
Its free app is downloaded more than 30 000 times in its first 4 months. During the years the company buys several businesses and expands its geographical range.
VISION & VALUES OF RECKON
- Reckon Limited is committed to providing quality services and products that its customers can buy at an affordable price. It ensures a variety to choose from and highly trained employees assist to ensure a positive customer experience.
- The company serves 7 out of 10 of the top accounting firms in Australia.
MARKET PERFORMANCE OF RECKON
- Reckon Limited trades on the Australian Securities Exchange under the ASX stock symbol RKN. Potential investors can buy shares today at an affordable price.
- Data analysis for the company’s six months ending 30 June 2019 reports a revenue of $ 39.2 million. Cloud subscription is $ 7.8 million and desktop subscriptions are $ 15.4 million. Loan income is 0.4 million. Overheads are $ 22.1 million and EBITDA is $ 17.1 million.
- Net profit after tax is $ 5.3 million. An operating cash flow is $ 15.3 million and development spend is $ 7.9 million.
- Debt repaid is $ 7.5 million. Lease payments are $ 0.9 million.
Buy RECKON stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase RECKON Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy RECKON Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN RECKON STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE RECKON STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of RECKON stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy RECKON stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?