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10-05-2019, 04:53 PM
#1591
Originally Posted by carrom74
Thanks BP..
The announcement made in Dec was forecasting an ebidta of 12-14M and now they say it will be 13.3M.But if the 7.2 M is off from HY18 and still they are making $13.3M then i suppose it all good??
I am not an expert but thats whats i can see here...
I think the 7.2m is not included in what they call ebitda
No worries then
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2019, 04:54 PM
#1592
Originally Posted by carrom74
Thanks BP..
The announcement made in Dec was forecasting an ebidta of 12-14M and now they say it will be 13.3M.But if the 7.2 M is off from HY18 and still they are making $13.3M then i suppose it all good??
I am not an expert but thats whats i can see here...
Not sure I would use the term "all good" in the context of Rakon, but yes, they said that they will magically maintain their forecasted EBITDA despite the outcome of the unexpected revaluation.
Will be interesting to find out what financial acrobatic they have to go through to achieve this.
Banking tax credits seems to be the flavour of the month (but I don't know, this is just what some other companies did recently).
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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10-05-2019, 05:20 PM
#1593
Originally Posted by BlackPeter
Not sure I would use the term "all good" in the context of Rakon, but yes, they said that they will magically maintain their forecasted EBITDA despite the outcome of the unexpected revaluation.
Will be interesting to find out what financial acrobatic they have to go through to achieve this.
Banking tax credits seems to be the flavour of the month (but I don't know, this is just what some other companies did recently).
No magic or financial acrobatics needed Peter .....the $7.2m hasn’t /isn’t included in what Rakon calls ebitda
So it is all good
You getting pretty cynical about things lately
Last edited by winner69; 10-05-2019 at 05:22 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2019, 05:38 PM
#1594
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-05-2019, 03:23 PM
#1595
Member
Results tomorrow...
As usual my gut feel would be no dividends for this year too..
Also read an article in NBR about their goof up with regards to the Thinxtra NPAT reversal... when NBR asked them about it, the answer was "No comments"... How convenient eh?
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16-05-2019, 11:40 AM
#1596
NPAT down.
"Rakon Limited (‘Rakon’ or the ‘Group’) posted a net profit after tax of $3.4m (FY18: $10.0m), and Underlying EBITDA of $13.3m (FY18: $12.1m) for the year ended 31 March 2019. The Group’s Underlying EBITDA was in line with earlier guidance provided of between $12m to $14m.
The prior year’s $10m net profit after tax included $8.8m of gains recognised in relation to the sale of property in Argenteuil France. It also included the dilution gain and sale of shares in Thinxtra Pty Limited."
Here's the link.
Disc - don't hold, just watching.
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16-05-2019, 02:34 PM
#1597
Originally Posted by Left field
[FONT="]NPAT down.
"Rakon Limited (‘Rakon’ or the ‘Group’) posted a net profit after tax of $3.4m (FY18: $10.0m), and Underlying EBITDA of $13.3m (FY18: $12.1m) for the year ended 31 March 2019. The Group’s Underlying EBITDA was in line with earlier guidance provided of between $12m to $14m. [/FONT]
The prior year’s $10m net profit after tax included $8.8m of gains recognised in relation to the sale of property in Argenteuil France. It also included the dilution gain and sale of shares in Thinxtra Pty Limited."
Here's the link.
Disc - don't hold, just watching.
no surprises here - LOL.
Funny thing is that people called me a cynic when I eluded to their misvaluation impacting on the bottom line, but I guess this is probably just the impact of the endowment effect.
Some more material for winners behavioural economics friends ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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16-05-2019, 02:46 PM
#1598
Originally Posted by BlackPeter
no surprises here - LOL.
......Some more material for winners behavioural economics friends ;
Yep, RAK continues to provide ample evidence of how not to run a company.
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22-07-2019, 02:27 PM
#1599
Member
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22-07-2019, 06:34 PM
#1600
Originally Posted by carrom74
Existing employee bro....
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