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:D
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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:D
Asked for 200k, got 5K. Very tight. Probably go up but might be based on hype and feeding on itself than fundamentals.Quote:
quote:Originally posted by corsair
Damn that was quick
So there is no way anyone can get in on it now?
asked asb for 19K - got zipp
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.
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.
Snaper.Quote:
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.
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
Lanenz,
Unlike you, I do not believe in blue skies. :D
Rakon? You are welcome to the hype. [^]
Go find a window and take a look outside.Quote:
quote:Originally posted by sniper
Unlike you, I do not believe in blue skies. :D
Especially here in Wellington today!
An IPO fully subscribed is a great thing on a shrinking exchange, maybe sniper is feeling the fear?
For those wanting to stag Rakon the first day or so should do well.
Interesting small company & will keep an eye on it.
Plus SMS anyone? ;)