RAK Rakon

[Waltzing]

sell, even skl went up.... oca.... anything... peb... ebo... kpg..

[Shareguy]

Have been a reluctant long term holder . For once I am positive on this stock. Finally I think we might be in for a good year. First half looks good and expect the full year result to be higher than forecast and a divi paid . I think it’s going to continue to re rate and looks cheap at current price so will continue to hold.

[whatsup]

Busted through .70 today, its been along time, WOW + + WOW !!

[RGR367]

Busted through .70 today, its been along time, WOW + + WOW !!

Hush. Better we all keep quiet until it hits a dollar again.

[Scrunch]

Busted through .70 today, its been along time, WOW + + WOW !!

Adding a link to the NZX update of 16 Dec as it isn't in the thread yet. Perhaps all these recent increases are just a slow recognition of what's in this report.
https://announcements.nzx.com/detail/365109

From this update you can calculate that over the last four years the 2nd half has had a stronger result than the first half. 2nd half underlying EBITDA has been $2.8m, $4.5m, $1.5m and $1.0m better than the first half. This year underlying EBITDA in the first half was $11.4m for a net surplus of $4.6m.

Net finance costs were $0.41m in the first half, but this should decrease in the 2nd half as by 30 Sept net debt was down to $2.8m. If this 1st half strength continues into the 2nd half, a $10m+ net surplus (4.4c EPS) would appear possible, which is a huge increase on the $4.0m FY result to 31 March 2020.

This would mean that despite the strong price increases of the last few weeks, the prospective PE could still be well under 20.

[Shareguy]

It’s been a long time , but at last we have some movement. Looks like there is some serious interest in this stock and $1.00 looks likely soon. My only concern is a takeover happens before any real money is made . Was a market darling over $5.00 when it listed and a lot of holders have held on. Will have cash in bank and no debt when reports soon in my opinion and it is all looking good for maiden divi. about time.. so don’t sell and hold on for the ride are my thoughts.

[SPC]

Speeding ticket..
Let's hope this stock accumulates a few more too...

[Shareguy]

https://www.nzx.com/announcements/366306
Yes, yes, yes. It’s good news alright..

[Scrunch]

So we were at underlying EBITDA of $16-$18m with last year being $14.787m.
The new range is $20-22m.

Interest expenses should not be much more than the $0.418m at half year. By mid-year cash balances were $9.964m with bank OD / borrowing of $12.797m, so net debt was nearly zero. Depreciation and amortisation was $8.823m in the 2020 year and $4.344m at the half year.
Its unclear what will happen with taxation, the half year result had an effective tax rate of 17%.

There was also a favourable unusual gain of $2.287m from different government's covid's assistance in the half year result. Its unclear if any covid assistance is included or excluded in the guidance, but it is of a similar nature to many of the other unusual expenses that Rakon have previously excluded from an underlying result.

This tends to indicate the result could be a net surplus of $10m+ which would be over 4.4c EPS. A dividend looks increasingly likely (despite RAK's long string of indications a dividend will be soon, yet none occurring).

[Nevl]

Well more positive news. Is RAK about to get close to the $1 mark?