RAK Rakon

[winner69]

Just had a look at the top shareholders - interesting that one of NZ's most successful investors has been buying. Same investor who bought RBD hugely at 60 cents!

Sometimes we do write off things too early eh Balance

[Chaowee88]

Still too early to say they've turned the corner, until they achieve normalized operating profit, it still bleeding.

[winner69]

Rakon shares climb as profits loom

http://www.nzherald.co.nz/business/n...ectid=11358039

with a nice picture of Brent himself

[BFG]

AMAZING!!!

For all the bluff and bluster about the fireign exchange rate being a huge headwind, it's over 15% decline in USD terms has resulted in less than a 3% boost EBITDA (Earnings Before I Tricked the Dumb Accountant)!

Massive staff cuts and a wholesale exit from an expanding market.

An awesome result in revenue reduction as well.

Can see how the reporters were tricked into repoeting positively with the spin these guys put out and reporters not actually reading (or understanding) the full results.

You're not fooling anyone (on here) Robinsons...

[Schrodinger]

AMAZING!!!

For all the bluff and bluster about the fireign exchange rate being a huge headwind, it's over 15% decline in USD terms has resulted in less than a 3% boost EBITDA (Earnings Before I Tricked the Dumb Accountant)!

Massive staff cuts and a wholesale exit from an expanding market.

An awesome result in revenue reduction as well.

Can see how the reporters were tricked into repoeting positively with the spin these guys put out and reporters not actually reading (or understanding) the full results.

You're not fooling anyone (on here) Robinsons...

So the shareholder wealth destruction is only $500M now down from $600M+?

[winner69]

That Rosetta mothership and the little thing that landed on the comet has some Rakon crystals on board.

Amazing, how exciting

[Balance]

That Rosetta mothership and the little thing that landed on the comet has some Rakon crystals on board.

Amazing, how exciting

Good for profile but bugger all money? That motherthing and babything were made 10 years ago!

[winner69]

Good for profile but bugger all money? That motherthing and babything were made 10 years ago!

had to laugh when National Radio were interviewing some Austrian guy about how the signals got back to earth - was it dial up or brandband? and as quick as a flash the guy said and its not fibre either - good old fashioned radio waves

[Balance]

Some serious buying interest kicking into Rakon.

Looks like 2 big buyers - one 200k order came in last minute to take out all the stock on offer from 36c to 36.5c, leaving the buyer of 75k at 36.5c unfilled.

[winner69]

Some serious buying interest kicking into Rakon.

Looks like 2 big buyers - one 200k order came in last minute to take out all the stock on offer from 36c to 36.5c, leaving the buyer of 75k at 36.5c unfilled.

You probably right mate with your statement yesterday that some wise old heads are accumulating.

Brent was talking on the radio his morning about an underlying profit in excess of $10m ....that's a good start for a turnaround eh