RAK Rakon

[SPC]

The market appears to show no confidence in this business. IPOed at around $1.60 in 2006 and initially shot up to around $5 before heading steadily down. Investors then had to stump up for more ( to avoid dilution at that time) via a rights issue at $1.15 per new share a year or so after IPO because they ran out of cash. It's returned no dividends an no capital growth in its entire listed history of 17 years.
There is absolutely no reason to believe this company will ever reward it's investor owners. History is everything with this one. Your best hope is that it gets taken over and you might get your money back. Or not.

[nztx]

From 90 cents to $2.20 and back to 90 cents (next support around 30 cents)

That’s some ride in just over a year

And the man on that video says GROWTH …..hopefully 5 years time share price isn’t still 90 cents

might have meant growth in Top Brass remuneration instead

[winner69]

Better do something about the collapsing share price said the Chair só an announcement comes out

Tightens up F23 guidance but jeez year nearly over so the guess should be better

But the cynic in me says this announcement is the first profit downgrade (against expectations) for FY24

The Dr says GROWTH …who am I to doubt him.

[Rawz]

Yeah if he says growth he needs to grow the bloody thing. None of this FY24 revenue could be down crap..

Still holding.. see what happens to that big inventory build up they had at half year and if its cleared what do operating cashflows look like.. problem is this is so very cheap. Winner will say thats for a good reason..

[Rawz]

just had this terrible thought i could be in a few years time one of the moaners complaining that RAK doesn't do anything, no dividends, no capital growth etc etc lol. because ive held for a long time and seen nothing for it haha

oh dear hope not. Come on Doc you got this

[sb9]

I would be very surprised of they're still listed on NZX in few years time. Robinsons must be thinking they had enough and any juicy offer (more like $2+) from an overseas outfit they'll lap it up in no time.

[winner69]

Good article in NBR written after they had a tour of the factory

Extract:
Rakon intends to use a potential recessionary economic environment to out-manoeuvre its competitors as it continues to invest heavily in growth, while optimising its existing operations and grappling with an ongoing "inventory correction" among its customers.

It’s an approach inspired in part by the late, legendary Formula One driver Ayrton Senna, according to the NZX-listed company's chief executive Dr Sinan Altug, who hosted NBR on a recent visit to the Auckland manufacturing facility, where Rakon makes the frequency control devices it sells globally.

“One thing [Senna] said that I think fits our situation quite well,” Altug offered, “Is he said: ‘you cannot overtake 15 cars when there’s sunshine, but you can when it’s raining’.”

Altug said the company is approaching a potential economic downside “quite conservatively” but also looking at “quite a growth plan... This situation and the volatility in the market will allow us to get to a point that will put us ahead of our competitors”.


https://www.nbr.co.nz/investment/rak...ime-to-pounce/
Prob paywalled

[moimoi]

Liquidity seems to have disappeared from this stock recently.. There simply seems to be no buyers.

Looking at the depth tonight it's unlikely that an instituitional seller would leave a sell order for the entire average daily volume of recent times at the ask price overnight.

Disgruntled retail holder possibly.

Down 20% in 10 days after re-affirming previous guidance. Go figure...

There was a recent interview with the CEO of one of the major chip companies a couple of weeks ago where they intimated that the internet behemoths, Amazon, Meta, etc, are currently building internal AI networks that are forecasted to be triple the size of their existing massive cloud data centres...

All of this requires timing (data) synchronisation. Go Rakon.

Never before such a macro tailwind behind what they produce and yet RAK shrivels away with its price falling 2% a day on $30k volume.

:-(

[Wai Wai]

The silly selling looked like a margin call to me

[Wai Wai]

Cutting edge products from Kiwi high-tech manufacturer Rakon are onboard the European Space Agency’s (ESA) Jupiter Icy Moons Explorer mission, or JUICE, which will make detailed observations of Jupiter and three of its biggest moons – looking for signs of life. The mission launched from the ESA’s spaceport in French Guiana last Friday and has now begun its 8-year journey to Jupiter. Three Rakon products will play a critical role on the mission, by providing precise references for several of the scientific payloads that will be studying Jupiter’s moons, Ganymede, Callisto, and Europa, which are thought to have subsurface oceans that could potentially host life. The highly stable, low phase-noise reference solutions were developed and manufactured at Rakon’s facility in Troyes, France, with each being comprehensively tested to ensure it could endure Jupiter’s harsh environment. Rakon worked closely with several partners to provide the timing solution for their payloads (3GM, RIME and SWI) onboard the JUICE mission. Rakon CEO Sinan Altug says the company’s involvement in the JUICE mission continues a multi-decade history of Rakon products playing a role in ground breaking international space programmes. “It’s exciting to be involved in the group of companies and scientific institutions that made the JUICE mission a reality and we’re honoured to contribute to this mission and other space programmes like it that are helping to answer some of humankind’s biggest questions,” says Altug. "As a global leader with Kiwi roots, Rakon embodies the adventurous spirit and pioneering heritage of New Zealand, and we are proud to play our part in pushing the boundaries of science and technology to pave the way for new discoveries in the vast expanse of space. “Our products are currently on Mars helping to explore for signs of life as part of NASA’s Perseverance Rover and now, as part of the JUICE mission, they’ll be heading even further out into our galaxy to do the same around Jupiter and its moons.” Rakon’s space products have been a part of more than 50 international space programmes over the last 40 years, including the Sentinel, Galileo, Globalstar, Mars Perseverance, and Rosetta missions. On top of its components portfolio for space, the company has branched out into NewSpace Equipment that increasingly features in large Telecom and Low Earth Orbit (LEO) Positioning, Navigation and Timing (PNT) satellite constellations. The three Rakon products onboard the JUICE mission were designed to help scientists study a range of features, including the atmosphere and ionosphere of Jupiter and its moons, and what is believed to be vast internal oceans underneath the moons’ icy crusts – potentially holding up to six times the volume of water in Earth’s oceans. JUICE’s planned mission duration is 12 years, with the scientific instrumentation not coming into play until Jupiter’s orbit is reached in July 2031. Then four years of scientific exploration involving various flybys of Jupiter’s moons will take place until the end of its mission in 2035. Towards the end of its mission, in 2034, JUICE will be the first human spacecraft to enter orbit around another planet’s moon, when starts its orbit around Ganymede – Jupiter’s biggest moon. www.rakon.com