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Thread: RAK Rakon

  1. #41
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    quote:Originally posted by sniper


    Plus SMS anyone?
    Bit rough comparing it to PLS! Rakon actually makes money where PLS is all smoke and mirrors with a technology no one seems to understand and does not make any $$$.

    You're reference to Pumpkin Patch may seem closer to the mark
    Those who wish to appear wise among fools, among the wise seem foolish. - Quintilian

  2. #42
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    quote:Originally posted by StainlessSteelRat

    quote:Originally posted by shasta

    This would be the first IPO in a long time ASB Securities have not offered me an allocation.
    Which tells you it's worth investing in. The brokers only shove their snouts in when it's a "cert". That's why they don't want any punters getting a sniff.
    What it really tells you is if you are a good client of your broker or just another one making up the numbers []

    End of the day brokers have to fulfil all client demand before they can take stock for themselves. So in a tight issue like this it is only the top clients that will get stock.
    Those who wish to appear wise among fools, among the wise seem foolish. - Quintilian

  3. #43
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    Like hens teeth these were...
    Managed to grab 6000 split across two brokers.....

    I like these for more than a quick stag. I think that Rakon have some geniuine IP in their production processes that others will need to be able to get hold of should they want to replicate and gain market share.

  4. #44
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    quote:Originally posted by world_flyer

    Like hens teeth these were...
    Managed to grab 6000 split across two brokers.....

    I like these for more than a quick stag. I think that Rakon have some geniuine IP in their production processes that others will need to be able to get hold of should they want to replicate and gain market share.
    Brokers pet huh?

  5. #45
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    quote:Originally posted by lambton

    quote:Originally posted by world_flyer

    Like hens teeth these were...
    Managed to grab 6000 split across two brokers.....

    I like these for more than a quick stag. I think that Rakon have some geniuine IP in their production processes that others will need to be able to get hold of should they want to replicate and gain market share.
    Brokers pet huh?
    Maybe.

    When I was paying 1% commission on any trades I was a pet of the brokers too. He helped me get into the NZF IPO.

    But when I eliminated the middleman and started trading online I was cast adrift.
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  6. #46
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    Navigating through Rakon's prospects
    26 April 2006

    By BRUCE MCKAY
    Rakon is shaping up as one of the most sought-after stocks in the market, judging by the enthusiasm that has greeted its initial public offering.


    The company's founder, Warren Robinson, is selling a portion of his holding and the company is issuing 10 million new shares to give incoming investors about 40 per cent of the company.

    The enthusiasm derives from the growth projections for Rakon's products, or, more precisely, the growth projections for the electronic devices its products are used in. These are mobile phones and global positioning receivers.

    This is potentially a much bigger investment in mobile phones than buying telecommunications stock because every phone and gps device needs the items that Rakon makes: quartz crystal components and oscillators.

    Projections in the prospectus show that the global market for gps devices will grow at an annual compound rate of 28 per cent between 2005 and 2010, giving a market value of US$350 billion by the end of the decade. Further, the biggest segment of the market, communications, is expected to grow at a compound rate of 33 per cent a year during the same period.

    It is a big market, growing quickly. The irony is that Rakon's goal is to make its components smaller to help shrink the overall size of the gps devices and in turn, allow them to be deployed in more places. Think about microprocessors; there are dozens of them in your home and car and not just in the computer in the back room.

    The devices could become as pervasive, though why your washing machine would need a gps device needs to be worked out.

    So what is Rakon worth? How should its shares be valued? There are a couple of challenges in looking at those questions.

    The first point to note is that the New Zealand market has not had a lot of exposure to technology companies. Most have been small, with volatile earnings streams, and a number have fallen by the wayside.

    Wellington Drive is a company that has a great product but doesn't seem able to crack the big time and deliver the value that seems just to be sitting there.

    Rakon is not a software story, however; it makes stuff that is critical to the operation of gps devices and no amount of innovation is going to get rid of the need for a reference frequency.

    A physics lesson for you. To be able to tune a device such as a radio, TV or gps unit to a certain frequency, the unit needs to have a reference frequency, something with which to compare the desired frequency. One of the best materials for this is quartz crystal.

    AdvertisementAdvertisementWhen an electric current is run through a quartz crystal it vibrates at a very stable frequency, and that is your reference frequency. Anything that is wireless needs this simple apparatus. Rakon's skill has been in making crystals more stable and smaller.

    In looking at similar stocks listed on the NZX, the one that looks most like Rakon is Fisher & Paykel Healthcare. Both are technology companies, specialising in particular areas. Both have large, well-established international markets developed over many years.

    Both are in product markets that are growing rapidly and both have adapted to rapid change through innovation and product development.

    But because they have similar attributes doesn't mean the companies should trade on the same multiples.

    One of the issues Rakon faces is educating the market about what it does and what its prospects are. Companies that introduce new industries to the market often have a period during which the market is coming to terms with what the company is and the type of valuation metrics that should be applied.

    One example is Auckland Airport. After its listing the share price sagged while the market "got its head" around the economics of airports.

    Once the market was comfortable that it understood the company, the share price began to move to where its valuation stood and shareholders did rather well.

    The same thing can be expected here. It wil
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  7. #47
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    I've managed to get hold of 3,000 from my broker. Thats it!
    Rare as hen's teeth.

    I didnt ask for any more as there weren't any, but would have taken 50,000.


    If it doesn't list at too much of a premium i may just buy the other 47,000.
    “If you're worried about falling off the bike, you’d never get on.”

  8. #48
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    I got 3000 to.Will look at increasing that when they list.Rmbbrave.The article you got from Bruce McKay is interesting.I've got shares in WDT, which appears to be a good product but it takes time to teach the masses what a great product you've got.Once a few more companies start using it I think it will take of.Rakon has done something well and it appears to be starting to reap their just rewards.I don't think they'll stop here and wouldn't be suprised if they have not already got something else in the pipeline.I only hope they don't get gobbled up by some other overseas company.We need to keep companies like this here and the govt needs to encourage it.

  9. #49
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    HI there guys im a small time invester.
    I just want to know if i would be better to buy the shares on the day list or better to wait a month or so. I talked to a dude from Direct Broking and he told me that he could buy the shares for me as soon as they list. Ive got 10K should i buy 5k now and wait a month or buy all 10k on the first few minutes of listing ?

    thanks

  10. #50
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    quote:Originally posted by kr16

    HI there guys im a small time invester.
    I just want to know if i would be better to buy the shares on the day list or better to wait a month or so. I talked to a dude from Direct Broking and he told me that he could buy the shares for me as soon as they list. Ive got 10K should i buy 5k now and wait a month or buy all 10k on the first few minutes of listing ?

    thanks
    If you cannot buy at IPO - walk. But then again who knows?

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