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26-08-2014, 04:46 PM
#1271
Member
Okay, what's up? Is this just some ridiculous insider trading going on? Almost $100k through, mostly in the $3k-5k range. The only news is that one of the directors (Bryan Mogridge) has bought close to $90k worth in the last 12 days.
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27-08-2014, 11:49 AM
#1272
Originally Posted by sommelier
Okay, what's up? Is this just some ridiculous insider trading going on? Almost $100k through, mostly in the $3k-5k range. The only news is that one of the directors (Bryan Mogridge) has bought close to $90k worth in the last 12 days.
Yeah, what else is making this Lazarus come to life again?
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27-08-2014, 12:00 PM
#1273
-NZ$ at a 6 month low (and possibly going lower as OCR gets held for some time)
-Chart after a VERY long bottoming phase is looking attractive
-Company has taken plenty of bitter pills in recent times to restructure
Always good to see a Chairman backing up words with cash via on market purchases... :-)
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27-08-2014, 12:00 PM
#1274
-NZ$ at a 6 month low (and possibly going lower as OCR gets held for some time)
-Chart after a VERY long bottoming phase is looking attractive
-Company has taken plenty of bitter pills in recent times to restructure
Always good to see a Chairman backing up words with cash via on market purchases... :-)
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27-08-2014, 02:36 PM
#1275
Member
Originally Posted by moosie_900
NZ $ sinking; doesn't that just make the losses look worse?!?!
LOL! This is a good one.
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28-09-2014, 08:22 AM
#1276
Here isthe Chaiman's address at RAK's Annual Shareholders Meeting on 12-September-2014. It's unbelievable.
https://www.nzx.com/files/attachments/200458.pdf
The paragraph I love the most:
"Analysing the results more deeply, the reported Underlying EBITDA loss of $7.5 million included total restructuring costs of $10.4 million, which meant that the business operations produced a positive Underlying EBITDA of $2.9 million. Not a great result, but importantly a positive one."
So a EBITDA loss of $7.5 million is spun as a positive result. That is exactly the piffle I would expect from this dog of all dogs.
For those not in the know, piffle is the combination of piddle and waffle.
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28-09-2014, 08:57 AM
#1277
Originally Posted by Vaygor1
For those not in the know, piffle is the combination of piddle and waffle.
Appreciate the technical clarification!!!!!
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28-09-2014, 09:11 PM
#1278
Did the hog miss something? From what you've quoted, it is being claimed that Rakon actually made a $2.9m profit if one was to strip out the (presumably) one-off restructuring costs. Is this incorrect?
The hog isn't defending Rakon's business model and/or governance here, but just wanting to get the logic straight.
warthog ... muddy and smelly
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28-09-2014, 11:56 PM
#1279
Originally Posted by Vaygor1
Here isthe Chaiman's address at RAK's Annual Shareholders Meeting on 12-September-2014. It's unbelievable.
https://www.nzx.com/files/attachments/200458.pdf
The paragraph I love the most:
" Analysing the results more deeply, the reported Underlying EBITDA loss of $7.5 million included total restructuring costs of $10.4 million, which meant that the business operations produced a positive Underlying EBITDA of $2.9 million. Not a great result, but importantly a positive one."
So a EBITDA loss of $7.5 million is spun as a positive result. That is exactly the piffle I would expect from this dog of all dogs.
For those not in the know, piffle is the combination of piddle and waffle.
They may as well say "if you just look at our sales and remove everything that cost us money, we are actually making a lot of money!"
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29-09-2014, 01:22 PM
#1280
The thing that really worries me is the lack of accountability and ownership of decisions. All through the process of setting up and operating their China plant they were talking positive like all the losses they were making were just temporary, that everything was going to turn out fine in a little bit of time.... Right up to when they decided to sell, then that was the best decision, that was what was now going to be the best thing for the company, don't worry about what we said before... Then that was badly done and handled (selling for much less than they invested, badly communicated etc etc). Now it's a line that says "our company is shrinking dramatically, but give us a little bit of time and we will be so profitable" again... With all the same people making the decisions I just can't see it.
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