RAK Rakon

[janner]

I had completely forgotten! Yes, LazyLarry is there to buy more at 15c.

I wonder if he was kidding us though, as there doesn't appear to be an order in place to buy at 15c.... :-)

There does not appear to be a lazylarry anymore :-)0

[janner]

wonder if ll thinks he's gping to get a free used bmw if the sp hits the big doughnut?

With out Rego and WOF..

[janner]

And if he was 10% of the man he was when he managed CIL/Montana, he will launch a takeover bid at NTA and show the world what he is made of.

Sadly, he is but a shadow now - a man whose good name and reputation have been squandered by his association with Rakon and PGC.

Must agree with that last statement.. He was a man to be looked up to in those days..

[Balance]

Hey biker, you out before the Robinson's faecal matter hits the proverbial fan tomorrow?

Let's try and guess the announcement :

1. We have reviewed our balance sheet and disagree with commentators on Sharetrader that our asset values are inflated. In fact, we are revaluing our assets up by 15%.

2. We have signed with a partner whose name will remain secret at this stage. The partner is going to triple our revenue in the next 2 years.

3. A bigger balance sheet due to 1 needs a bigger capital base. Likewise, more capital is required to fund the working capital needs of a tripling of revenues in the next 2 years.

4. Accordingly, directors are extremely pleased to announce a bonus issue as well as a capital raising.

[stevo1]

I suspect this thread will be a hive of activity tomorrow.... Given the earnings downgrades (note, Rakon had two downgrades leading up to the end of the year) it is unlikely the news is going to be pleasant.

As commenters have noted we will likely see

1. Big cut in NTA. Probable evaporation of all goodwill, writedown of inventory value and receivables past one year.
2. Ongoing issues with inventory (it's reducing they will say, but nowhere near as fast as revenue is shrinking)
3. margins decreasing
4. no changes to the board
5. no changes to the executives and senior management (apart from welcoming the poor sap who became CFO)
6. blame on the currency rate
7. "backlog of orders" (meaning suppliers don't want stock)
8. Vague promises about a capital raise or rights issue.

The only potential upside is that they may announce a partnership with Huawei and/or HTC or another technology player, in much the same way that Haier bought a minor stake in F&P that blossomed into full ownership when F&P turned a corner.

Sparky you are one scary clown but here is a laugh for you
directors acknowledge their past and forgo their salaries until they can return divs to shareholders and use their past collective salaries to buy shares at market.yeah right

[corpr8raider]

Maybe they will announce a licensing tie-in with the Star Trek franchise to capitalise on their recent successes in the space sector and the new Star Trek title Into Darkness seems apt. Last one out turn off the lights.

[andysh]

*Skips straight to NTA*

See they say they still have NTA of 0.69 per share. They did put through a impairment charge in the current year, but this was on Goodwill. There was also a slight writedown of inventory, $4m worth on $46m of inventory.

[andysh]

Their gross margin has decreased 19.6% to 23.5%, and with that sort of low margin when they turn over inventory every 129 days, that margin is just not good enough to sustain that sort of poor turnover.

[winner69]

love it .... ebitda (before a lot of other stuff) of $5m odd .... but $4m from associates and JV

Doesn't seem to leave much from what they do every day

[blah]

"The Group's management awards qualifying employees bonuses in the form of share options and conditional rights to redeemable ordinary shares, from time to time, on a discretionary basis"

If I were an employee, I don't think I would want to take up any share options!! Having said that, 7000% growth in profit is quite remarkable actually - only that it's going the other way