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Thread: RAK Rakon

  1. #2291
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    Quote Originally Posted by SPC View Post
    I expect that after a long period of radio silence and internal wranglings and knashing of teeth that the special working group will eventually announce that the proposed offer is 'not in the best interests of shareholders at this time'...
    But 'which' shareholders.. ? ��

    meanwhile during that period of extensive teethgrinding & chair scraping at RAK Central .. the said SP will likely have drifted back to 70c or lower

    most of the bunnies watching except for the deaf, sleeping or exceptionally brave will then have been seen to have lost interest & jumped over the fence + run on sensing the excruciating processes coming out of RAK Central ..

    no sense in getting pumped up and then waiting around only to get dumped on - is there ?

    the smarter bunnies might be more interested in chasing expensive pearls elsewhere
    Last edited by nztx; 17-02-2024 at 03:57 PM.

  2. #2292
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    And just like that the buy-side volume is gone today. I wonder if word is out?

  3. #2293
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    Quote Originally Posted by ronaldson View Post
    And just like that the buy-side volume is gone today. I wonder if word is out?

    Deal still on?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #2294
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    Quote Originally Posted by winner69 View Post
    Deal still on?
    Now almost March - doubt it.

    I'm sure RAK would have scared them off a long time ago.....

  5. #2295
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    Quote Originally Posted by Sideshow Bob View Post
    Now almost March - doubt it.

    I'm sure RAK would have scared them off a long time ago.....


    Probably couldn't be bothered being put on a long wait, then get told to RAK off

    Meanwhile the SP continues to suffer the inevitable fluttering down to ever lower levels

  6. #2296
    Senior Member moimoi's Avatar
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    Well according to the company's own announcement of 11 December 2023 some shareholders may have been aware of the existence of the "proposal" prior which forced its appearance to be announced.

    It would be unsurprising therefore if those same folk are aware of the "proposal" being a no go.

    The buy side depth certainly markedly disappeared today.

    Perhaps a team bonding weekend strategy retreat @ Hakone Inaba Sanso on the saki led to an impulse emailed "offer".

    Possibly now being slow walked back by not responding to the appointed sub committee to save face.

    Who knows! The company certainly seems in no mind to provide any worthwhile update to all of its shareholders as to status or even potential timing of an update as to the status of the "proposal".

    Worringly for the forthcoming FY2024 results the CE of Nokia (a longstanding RAK customer) last night highlighting @ the mobile world congress that 5G investment by European Mobile telco's is still near nil. (Telecommunications being by far RAK's largest segment)

    He stated the 33 odd Euro mobile operators have an average 4m customers each as compared to the US carriers who average 90m each and as such, along with strict pricing regulations, don't have sufficient profitable margins to invest in network renewal despite the growing data loads on networks.

    GLTA

  7. #2297
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    Quote Originally Posted by moimoi View Post
    Well according to the company's own announcement of 11 December 2023 some shareholders may have been aware of the existence of the "proposal" prior which forced its appearance to be announced.

    It would be unsurprising therefore if those same folk are aware of the "proposal" being a no go.

    The buy side depth certainly markedly disappeared today.

    Perhaps a team bonding weekend strategy retreat @ Hakone Inaba Sanso on the saki led to an impulse emailed "offer".

    Possibly now being slow walked back by not responding to the appointed sub committee to save face.

    Who knows! The company certainly seems in no mind to provide any worthwhile update to all of its shareholders as to status or even potential timing of an update as to the status of the "proposal".

    Worringly for the forthcoming FY2024 results the CE of Nokia (a longstanding RAK customer) last night highlighting @ the mobile world congress that 5G investment by European Mobile telco's is still near nil. (Telecommunications being by far RAK's largest segment)

    He stated the 33 odd Euro mobile operators have an average 4m customers each as compared to the US carriers who average 90m each and as such, along with strict pricing regulations, don't have sufficient profitable margins to invest in network renewal despite the growing data loads on networks.

    GLTA

    So the next announcement could well be underwhelming .. and they sent a potential suitor with worthwhile readies in hand potentially down the road as well ?

  8. #2298
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    And without any reason, the price is back up again, on reasonable vols......

  9. #2299
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    Quote Originally Posted by Mel View Post
    And without any reason, the price is back up again, on reasonable vols......
    Its emerged via Street Talk that Skyworks Solutions out of California is the bidder

  10. #2300
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    Here’s the headline in AFR Streettalk, should be pocket change if they’re serious. No wonder RAK board would ask more…

    ***
    Choice bro! Rakon board sits on offer from $25b wireless chip maker

    The California-headquartered technology giant is part of the S&P 500 index and has close to 10,000 employees throughout Asia, Europe and North America.

    ***

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