RAK Rakon

[Arthur]

Can anyone recall a profit upgrade from this company before? Early days yet of course

[Fatboyj]

Too late to jump onto this bucking bronco?

Will it ever become the share market darling again or are we just seeing a death spasm before it goes back to the teens and lower?

It would be a pure punt buying in at 25c eh?

[silverblizzard888]

I'm absolutely surprised how this share continues to have hopefuls. Losses in last two years, negative cashflow too and on the sound of profit everyone jumps in. Last year ebitda was 4 million on a 13 million loss though minus the impairment its more like 6.5 million loss, if this years is 9 - 11 million, then chances of break-even or 1-2 million profits, though on a company worth 57 million Mcap, it seems excessive and risky. For the buyers and holders of this stock I'd be interested to know why you're still hopeful.

[Fatboyj]

So 1 for a no then.

[golden city]

Surprised no one talk abou rak at the moment with the underling value in thinxtra and Taiwan partner with almost no debts

[Scrunch]

Surprised no one talk abou rak at the moment with the underling value in thinxtra and Taiwan partner with almost no debts

Its good that they are doing things that have the potential to create rather than destroy value. Thinxtra needs to go up in value quite a bit before it supports a higher Rakon value (but this is entirely possible for a tech stock). If Thinxtra's value to Rakon is taken from the recent placement its worth 5c

199,242 shares were sold for $3m creating an implied value per share of $15
785,407 shares are retained that have a value of $11.8m (at $15/share)
With 229m shares on issue, $11.8m is 5.1 cents of value to a Rakon share.

[carrom74]

Its good that they are doing things that have the potential to create rather than destroy value. Thinxtra needs to go up in value quite a bit before it supports a higher Rakon value (but this is entirely possible for a tech stock). If Thinxtra's value to Rakon is taken from the recent placement its worth 5c

199,242 shares were sold for $3m creating an implied value per share of $15
785,407 shares are retained that have a value of $11.8m (at $15/share)
With 229m shares on issue, $11.8m is 5.1 cents of value to a Rakon share.

Thanks for the post.When Thinxtra's investment was made the stock was trading at around 17c-18c...and if the 5c is added up then the share price would be about 22c-23c...with the current sp hovering around 22c then is the added value factored in already?

[golden city]

Rak has been restructure. They now forecast profitability. So rak alone will be valued higher than 18cehts I guessed. My calculation is around 30c plus with thinxtras potential

[stoploss]

Rak has been restructure. They now forecast profitability. So rak alone will be valued higher than 18cehts I guessed. My calculation is around 30c plus with thinxtras potential

They've been forecasting profit and massive sales ever since they listed , good luck ......

[RGR367]

OMG. Lazarus is alive and it returns to 1st half profit!!