Been doing a bit of research on RKN lately and noticed that there is no thread for it currently.
RKN own QuickBooks, Quicken, ReckonElite and APS which are accounting software. Quicken focuses on small to medium businesses and APS is used i large scale corporate firms.
RKN haven't suffered to much in the current economic climate, their SP is currently $1.08 compared to their 52 week high of $1.33. At $1.08 their yeild is around 6% fully franked.
As a long term hold i think that they can represent a solid purchase considering there will always be a need for accounting software and RKN is continuing to improve their products. At the moment they are effectively in an oligopoly with MYOB for the small to medium business software.
Just wondering if anyone else had any thoughts on them?
Thanks in advance for any comments