Reckon Management

Management criteria checks 3/4

Reckon's CEO is Sam Allert, appointed in Jul 2018, has a tenure of 5.75 years. total yearly compensation is A$847.60K, comprised of 71.5% salary and 28.5% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth €295.51K. The average tenure of the management team and the board of directors is 12.6 years and 12.3 years respectively.

Key information

Sam Allert

Chief executive officer

AU$847.6k

Total compensation

CEO salary percentage	71.5%
CEO tenure	5.8yrs
CEO ownership	0.8%
Management average tenure	12.6yrs
Board average tenure	12.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sam Allert's remuneration changed compared to Reckon's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	AU$848k	AU$606k	AU$6m
Jun 30 2023	n/a	n/a	AU$5m
Mar 31 2023	n/a	n/a	AU$5m
Dec 31 2022	AU$2m	AU$609k	AU$5m
Jun 30 2022	n/a	n/a	AU$7m
Mar 31 2022	n/a	n/a	AU$7m
Dec 31 2021	AU$989k	AU$598k	AU$6m
Jun 30 2021	n/a	n/a	AU$7m
Mar 31 2021	n/a	n/a	AU$8m
Dec 31 2020	AU$915k	AU$589k	AU$8m
Sep 30 2020	n/a	n/a	AU$8m
Jun 30 2020	n/a	n/a	AU$8m
Mar 31 2020	n/a	n/a	AU$8m
Dec 31 2019	AU$809k	AU$577k	AU$8m
Sep 30 2019	n/a	n/a	AU$8m
Jun 30 2019	n/a	n/a	AU$8m
Mar 31 2019	n/a	n/a	AU$8m
Dec 31 2018	AU$723k	AU$504k	AU$8m
Sep 30 2018	n/a	n/a	AU$7m
Jun 30 2018	n/a	n/a	AU$7m
Mar 31 2018	n/a	n/a	AU$7m
Dec 31 2017	AU$665k	AU$428k	AU$7m

Compensation vs Market: Sam's total compensation ($USD552.33K) is above average for companies of similar size in the German market ($USD406.04K).

Compensation vs Earnings: Sam's compensation has been consistent with company performance over the past year.

CEO

Sam Allert

5.8yrs

Tenure

AU$847,603

Compensation

Mr. Samuel Allert, also known as Sam, has been Group Chief Executive Officer and Executive Director at Reckon Limited since July 1, 2018. Mr. Allert served as Managing Director of Business and Accountant G...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Samuel Allert	Group CEO & Executive Director	5.8yrs	AU$847.60k	0.80% A$ 295.5k
Gregory Wilkinson	Founder & Independent Non-Executive Director	37.3yrs	AU$83.06k	6.72% A$ 2.5m
Christer Hagglund	Group Chief Financial Officer	19.5yrs	AU$668.46k	0.92% A$ 340.3k
Thomas Rowe	Company Secretary	1.1yrs	no data	no data

12.6yrs

Average Tenure

Experienced Management: UVW's management team is seasoned and experienced (12.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Samuel Allert	Group CEO & Executive Director	5.8yrs	AU$847.60k	0.80% A$ 295.5k
Gregory Wilkinson	Founder & Independent Non-Executive Director	24.8yrs	AU$83.06k	6.72% A$ 2.5m
Clive Rabie	Non-Executive Chairman	18.9yrs	AU$166.13k	2.22% A$ 817.8k
Philip Hayman	Independent Non-Executive Director	5.8yrs	AU$83.06k	0.57% A$ 211.5k

12.3yrs

Average Tenure

64yo

Average Age

Experienced Board: UVW's board of directors are seasoned and experienced ( 12.3 years average tenure).

Reckon Management

Management criteria checks 3/4

Key information

Recent management updates

Reckon Limited, Annual General Meeting, May 24, 2024

Reckon Limited, Annual General Meeting, May 24, 2024

Insufficient new directors

Non-Executive Director recently sold €175k worth of stock

Insufficient new directors

Reckon Limited, Annual General Meeting, May 25, 2022

Recent updates

Reckon Limited, Annual General Meeting, May 24, 2024

Reckon Limited, Annual General Meeting, May 24, 2024

Full year 2023 earnings released: EPS: AU$0.049 (vs AU$0.04 in FY 2022)

Upcoming dividend of AU$0.025 per share at 8.6% yield

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: AU$0.037 (vs AU$0.033 in 1H 2022)

New minor risk - Share price stability

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.055 in FY 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.086 in FY 2021)

Reckon Limited Declares No Final Dividend for the Year of 2022

Insufficient new directors

Now 48% undervalued after recent price drop

Upcoming dividend of AU$0.57 per share

Reckon Limited Declares A Special Dividend, 2022, Payable on 21 November 2022

Now 21% undervalued after recent price drop

Non-Executive Director recently sold €175k worth of stock

Upcoming dividend of AU$0.03 per share

Reckon Limited Declares an Interim Fully Franked Dividend for the Six Months Ended June 30, 2022, Payable on 23 September 2022

Access UK Limited completed the acquisition of Accountants Practice Management Group from Reckon Limited (ASX:RKN).

Access UK Limited entered into an agreement to acquire Accountants Practice Management Group from Reckon Limited (ASX:RKN) for $100 million.

Insufficient new directors

Full year 2021 earnings released: EPS: AU$0.086 (vs AU$0.073 in FY 2020)

Reckon Limited, Annual General Meeting, May 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Reckon Limited Declares Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022

Upcoming dividend of AU$0.03 per share

First half 2021 earnings released: EPS AU$0.046 (vs AU$0.041 in 1H 2020)

Novatti Group Limited (ASX:NOV) completed the acquisition of 19.9% stake in Reckon Limited (ASX:RKN) from institutional investors for AUD 22.5 million.

Novatti Group Limited (ASX:NOV) entered into a share purchase agreement to acquire a stake in Reckon Limited (ASX:RKN) from institutional investors for approximately AUD 17 million.

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

NowInfinity Pty Ltd completed the acquisition of ReckonDocs Business from Reckon Limited.

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

Revenue misses expectations

NowInfinity Pty Ltd enter into an agreement to acquire ReckonDocs Business from Reckon Limited for AUD 13 million.

Reckon Limited (ASX:RKN) completed the acquisition of ZebraWorks, Inc.

New 90-day high: €0.54

New 90-day high: €0.53

New 90-day high - €0.51

Earnings released

New 90-day high - €0.46

Reckon Limited (ASX:RKN) sign an agreement to acquire ZebraWorks, Inc

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age