I opened a position on 27 November at $0.61 and intend to hold for a while.
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I opened a position on 27 November at $0.61 and intend to hold for a while.
After the disappointing HY announcement I sold and moved the funds to HCL.ASX where i saw better returns over the next 12-18 months
Trading Halt - let's see what news this brings!
https://www.nzx.com/announcements/423264
Its around the time of year that they have previously made announcements relating to earnings guidance.
Interesting though, that its NZ Reg Co that has put RAK into a halt and not the Company.
Well if it is a takeover offer you can probably bet it won't be anywhere like the circa $1.60 IPO price 16+ years ago.
Are we about to see the end of yet another sad chapter in public listings?.
My best guess is this commentery from the half year results recently:
Rakon continues to evaluate and consider acquisition opportunities to expand into the US market. This would provide access to top tier US customers through local manufacturing, strengthen existing customer relationhips and significantly increase RAK's Total addressable Market. Rakon is taking the necessary time to ensure any acquisition can be funded, integrated and is value accretive. Rakon is also focusing on organic expansion into the US, focussing on getting the appropriate market certifications underway.''
Rather a lot to say with some specificity unless something lying behind it, I thought.
Also the 31 October market release titled " Rakon launches Niku (TM) chip: AI Computing Product portfolio" is worth another read.