RAK Rakon

[rmbbrave]

The offer will be targeted to institutional investors in New Zealand, Australia and elsewhere, and retail investors who will principally be clients of leading brokers in New Zealand.

For more information please contact a NZX broker firm.

http://www.rakon.com/whatsnew/displa...&template=news

Regretfully due to unprecedented demand our allocation in the Initial Public Offer of Rakon Limited has now been filled.

http://www.asbsecurities.co.nz/

ASB has none left even before the offer opened. The share is going to sky rocket on opening day but it will be too difficult to be part of it.

[Sehnsucht888]

Well it has been being pumped by the brokers on TV the last couple days, so guess thats to be expected.
Would have been nice to be on board at the start, but agree looks too tough now.
Should have been more awake this month...

[corsair]

Damn that was quick

So there is no way anyone can get in on it now?

[dabru]

I'm meant to be getting some when they're issued but I definitely will be buying more when they list.There appears to be some good blood behind this stock!Having Peter Maire putting money into the company is a definite plus

[lambton]

quote:Originally posted by corsair

Damn that was quick

So there is no way anyone can get in on it now?

Asked for 200k, got 5K. Very tight. Probably go up but might be based on hype and feeding on itself than fundamentals.

[tsb]

asked asb for 19K - got zipp

[sniper]

Think about this for 1 minute.

600m mobile phones currently sold a year and this is projected to grow to 1 billion by 2010.

Assume 10% incorporates GPS within the next 2 years so 60m requires GPS receiver.

Rakon has 50% market share so 30m receivers sold by company.

Makes 50 cents per receiver so profit = $15m or $10m after tax.

If 20% of mobiles incorporate GPS, profit to Rakon will be $20m.

2007 profit projection (without mobile phones)is $7m.

Some fantastic blue sky if you believe more mobiles will incorporate GPS in the near future.

That's the pitch.

[rmbbrave]

I have been informed that there is no public pool for this IPO.

If you can't get them from a broker you're not getting any.

[lanenz]

quote:Originally posted by sniper


Think about this for 1 minute.

600m mobile phones currently sold a year and this is projected to grow to 1 billion by 2010.

Assume 10% incorporates GPS within the next 2 years so 60m requires GPS receiver.

Rakon has 50% market share so 30m receivers sold by company.

Makes 50 cents per receiver so profit = $15m or $10m after tax.

If 20% of mobiles incorporate GPS, profit to Rakon will be $20m.

2007 profit projection (without mobile phones)is $7m.

Some fantastic blue sky if you believe more mobiles will incorporate GPS in the near future.

That's the pitch.

Snaper.

Will Rakon hold their 50% of marketshare?

Will it still be able to maintain the smallest gps by 2010?

Can it maintain its margin over the next few years?

Do blue skys stay blue or does it start pising down after a while?

I love you snaper, straight from a brokers mouth

[sniper]

Lanenz,

Unlike you, I do not believe in blue skies.

Rakon? You are welcome to the hype. [^]