Pretty cool achievement for a little Kiwi company...
Well, yes, though admittedly the only act of Kiwi ingenuity in this deal was to buy the French Temex in 2010 - as far as I know are they doing the space electronics still in France. High precision components, low profitability - that's the reason they could buy Temex ways under book value: https://www.rakon.com/corporate/abou...-acquire-temex
Not sure whether they make money today with this branch ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
According to last NZX announcement Rakon will be reporting the size of the upgrade for 2022 in the next few days (by end of March). I think it’s the last chance to buy at this level. At this price “cheap as chips” in my opinion.
God I hope so. 15+ years and waiting.
I could have bought several new cars in this time and still have come out ahead but I discovered the only thing that depreciates more than a motor vehicle is a Rak share.
It's 'this time' or never.
So FY22 earnings are roughly going to be higher by about 33% or more, will that translate into similar appreciation in sp or more. Could well be $2, closer to this time next year or higher if there are one or two more upgrades along the way with 5G roll out happening in big force in US and around the world.
Originally Posted by sb9
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