RKN 1.40% 54.3¢ reckon limited

Not the sexy end of tech stocks. But I'm happy with the results,...

  1. 339 Posts.
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    Not the sexy end of tech stocks. But I'm happy with the results, and adding to holdings.

    Development costs flat while revenue still growing = operating leverage
    Legal growing nicely (+12% subscription), and starting to contribute meaningfully to EBITDA. Likely to deliver >$1.5M EBITDA in 2024.
    Primary Shareholders - Microequities, Spheria, (rate both highly).... plus Directors-Founders all own a large chunk.
    Only $2.8M debt, so acquisitions or increased dividend options for 2024.

    Recent share sales by insiders has seen SP retreat, but I think this is only a knee-jerk reaction.
 
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Last
54.3¢
Change
0.008(1.40%)
Mkt cap ! $61.46M
Open High Low Value Volume
54.0¢ 54.5¢ 54.0¢ $7.746K 14.32K

Buyers (Bids)

No. Vol. Price($)
1 7666 54.0¢
 

Sellers (Offers)

Price($) Vol. No.
54.5¢ 3996 1
View Market Depth
Last trade - 15.58pm 03/05/2024 (20 minute delay) ?
Last
54.5¢
  Change
0.008 ( 1.87 %)
Open High Low Volume
54.0¢ 54.5¢ 54.0¢ 8075
Last updated 15.58pm 03/05/2024 ?
RKN (ASX) Chart
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