RAK Rakon

**zigzag** · 13-07-2013, 09:56 AM

Originally Posted by Vaygor1

Obviously thick enough I guess.

Calm down guys. The leak, if there was one, could have easily come from the other side of the deal.

**blobbles** · 13-07-2013, 01:50 PM

Originally Posted by zigzag

Calm down guys. The leak, if there was one, could have easily come from the other side of the deal.

Good point zigzag, and probably more likely considering the state of the Chinese market where insider trading is all but promoted.

**Vaygor1** · 13-07-2013, 02:23 PM

Originally Posted by zigzag

Calm down guys. The leak, if there was one, could have easily come from the other side of the deal.

Originally Posted by blobbles

Good point zigzag, and probably more likely considering the state of the Chinese market where insider trading is all but promoted.

Good point fellas and fallesses.
Less likely to have come from the Chinese side in my view, but if it did, I'd wager both sides have a few fingers in a few pies.

**Balance** · 13-07-2013, 02:34 PM

Originally Posted by Vaygor1

Good point fellas and fallesses.
Less likely to have come from the Chinese side in my view, but if it did, I'd wager both sides have a few fingers in a few pies.

And the Chinese are dumb enough to think that this is a good deal for Rakon?

Rakon is screwed even further with this deal and there's no reason why anyone would buy Rakon shares!

**blobbles** · 13-07-2013, 02:45 PM

Originally Posted by Balance

And the Chinese are dumb enough to think that this is a good deal for Rakon?

Rakon is screwed even further with this deal and there's no reason why anyone would buy Rakon shares!

The Chinese company, I believe, just got a great deal for themselves. An asset they got for less than half its book value plus current and future access to better technology? Not sure I would be calling them stupid!

That doesn't mean to say they didn't leak details of the deal to someone else of course, who may have interpreted the deal as a big win for Rakon who would reduce most of their debt, hence maybe thought the SP would jump up. Little did they know that we understand that you actually need assets like manufacturing hubs and better technology than your rivals to have an edge over your competition, not just low debt. Rakon just threw all those away.

**Balance** · 15-07-2013, 09:24 AM

Originally Posted by blobbles

The Chinese company, I believe, just got a great deal for themselves. An asset they got for less than half its book value plus current and future access to better technology? Not sure I would be calling them stupid!

That doesn't mean to say they didn't leak details of the deal to someone else of course, who may have interpreted the deal as a big win for Rakon who would reduce most of their debt, hence maybe thought the SP would jump up. Little did they know that we understand that you actually need assets like manufacturing hubs and better technology than your rivals to have an edge over your competition, not just low debt. Rakon just threw all those away.

The evidence to date shows Rakon to be most unreliable when it comes to providing timely and accurate information and assessments to the market and its shareholders (outside of the insiders).

Let's see what the NZX and FMA come up with.

Based upon their historical track record, don't hold your breath.

Anyone being brought to task can challenge the NZX and FMA over a few cases where they chose to look the other way and not take action.

**Under Surveillance** · 15-07-2013, 04:32 PM

Originally Posted by Balance

Rakon is screwed even further with this deal and there's no reason why anyone would buy Rakon shares!

Well, two of the Robinsons spent some of their pocket money buying shares last week, according to announcements just posted. Perhaps they think that this will fool the unwashed, or gull the delusional.

**Vaygor1** · 17-07-2013, 03:12 AM

Originally Posted by moosie_900

thanks sparky, just on the phone so can't be bothered looking up an announcement for a dwad company!

perhaps a cover for the actual insider trading going on?

I was going to look up the announcement but decided I would be more interested in watching the corrugated iron warp on the next door neighbour's shed.... failing that, my shower trap needs cleaning.

**blobbles** · 17-07-2013, 01:04 PM

And Rakon appears to continue to be an old boys club:

https://www.nzx.com/companies/RAK/announcements/238681

Am quite amazed that they don't have a single woman in their upper management! Maybe they should think about getting some female directors and listening to them? They sure as hell aren't doing anything right with all the boys on board at the moment... maybe even a female Robinson???