Just saw this article at SMH Business section. This is a good example of great company run by great management. Next target $3.
Investor confidence that accounting software outfit Reckon will be able to make the transformation to offering its product suite via 'cloud computing' helped push the shares ahead 2.4 per cent to $2.52, following its annual general meeting earlier in the day. Heightened competition from Kiwi-upstart, Xero, has had investors on the back foot in buying Reckon shares in recent months, although the tide may now be turning. At the same time, Xero's release of year to March figures during trading which show its roll-out is gathering pace, with revenues doubling to $NZ51 million, helped turn around investor sentiment here, with its shares recouping earlier modest declines to rise 0.5 per cent to $11.70 in ASX trading.
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