.33 atm , 3 & 1/2 year high today, what with the todays pick for 2019 in todays N Z Herald have we gone through the worst and with 5G how does this year look to investors ?
.33 atm , 3 & 1/2 year high today, what with the todays pick for 2019 in todays N Z Herald have we gone through the worst and with 5G how does this year look to investors ?
I am surprised... one NZ herald article cannot make punters wake up suddenly..35c now
.33 atm , 3 & 1/2 year high today, what with the todays pick for 2019 in todays N Z Herald have we gone through the worst and with 5G how does this year look to investors ?
Up to 35c now, but the quotes are 35.5/36.5 So the next trade is likely to increase the daily gain further.
Thinxtra Investment Valuation
In the unaudited Interim Report covering the six months to 30 September 2018, the accounting treatment of Rakon’s investment in Thinxtra Pty Limited changed with the effect that the investment was required to be recognised at fair value. The valuation of Rakon’s interest in Thinxtra was based on an independent valuation report which resulted in a one-off $7.2 million gain within net profit after tax (NPAT). Upon re-examining the information available, the fair value at 30 September 2018 has been reassessed resulting in the reversal of the $7.2 million gain previously recognised within NPAT in the interim report to 30 September 2018.
The fair value of Rakon’s investment in Thinxtra at 31 March 2019 is not expected to be materially different from the reassessed valuation at 30 September 2018.
Expected FY19 Earnings
Rakon advises that subject to the finalisation of the audit for the year to 31 March 2019, it expects to achieve EBITDA of $13.3 million which is within the range indicated in December 2018. –Ends–
Looks to me like an announcement that they had at HY 7.2 million $7.2m less NPAT than they claimed they had.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Looks to me like an announcement that they had at HY 7.2 million $7.2m less NPAT than they claimed they had.
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...
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Originally Posted by whatsup
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