RAK Rakon

**winner69** · 10-05-2019, 04:53 PM

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

**BlackPeter** · 10-05-2019, 04:54 PM

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).

**winner69** · 10-05-2019, 05:20 PM

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

**BlackPeter** · 10-05-2019, 05:38 PM

Originally Posted by winner69

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

Of course - how could I miss that.

EBITDA is per definition without revaluation gains or losses, so yes, all good for EBITDA.

No question though that the amount will be sadly missed on the bottom line

: NPAT will look less healthy (assuming they write these days a profit, do they?).

**carrom74** · 15-05-2019, 03:23 PM

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?

**Leftfield** · 16-05-2019, 11:40 AM

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.

**BlackPeter** · 16-05-2019, 02:34 PM

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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