I Reckon an announcement is pending

In October, after a sudden rise in its share price (from hovering around $1.90 to highs of around $2.50) and rumours of a trade sale doing the rounds, Reckon confirmed it had engaged Macquarie Capital to help it “consider its strategic options“.

As rumours have continued to circulate on deals being done with both MYOB and Sage, the share price has stayed around $2.40.

If I were a betting man, and I am, I would be betting an announcement by Reckon is looming.

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The countdown is on for MYOB

As part of the relisting of MYOB on the ASX, Bain Capital retained 57.7% majority shareholding with the following clause:

If the share price doesn’t increase by 20% in Mar 2016 (20 day Volume Weighted Average Price after the FY15 results are announced), Bain can’t sell down until Sept 2016 (after the announcement of the 1H16 results). At that point they can sell down completely if they choose.

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16 Predictions for 2016

Am I the only one to dream of what tagline I’d like below my name in my next TV appearance?

To-date, the best I’ve received from my 15 minutes of fame have been: “Matt Paff, Big Brother Applicant” and “Matt Paff, Carry Over Champion” (from a brief appearance on Burgo’s Catchphrase).

I’m not quite happy that this is how Australian TV will remember me, so I catch myself occasionally slipping into a jealous daydream whenever certain taglines appear below people’s names in the shows I am watching.
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