RAK Rakon

[Wai Wai]

Is anyone aware of any broker research on this stock yet?

Still ignored by the cartel

[sb9]

Nice set of numbers for FY21. With robust outlook and global demand, might be looking to pay maiden in FY22.

[Shareguy]

Disappointing no maiden dividend. Looking at the numbers, from my calculations it’s trading on a PE of 20.9 for full year 2021 based on $9.6 NPAT. Forecast 2022 Ebitda $27 to $32 m. If we go with the midpoint $29.5 million that’s an increase of 25% over last year which depending on nothing adverse happening I can see NPAT of $12 to $15m (5.3 cents to 6.6 cents eps) which gives a forecast PE for 2022 of 16.6 to 13.3

[sb9]

Disappointing no maiden dividend. Looking at the numbers, from my calculations it’s trading on a PE of 20.9 for full year 2021 based on $9.6 NPAT. Forecast 2022 Ebitda $27 to $32 m. If we go with the midpoint $29.5 million that’s an increase of 25% over last year which depending on nothing adverse happening I can see NPAT of $12 to $15m (5.3 cents to 6.6 cents eps) which gives a forecast PE for 2022 of 16.6 to 13.3

I was always of the opinion that divvy this year (FY21) very unlikely.

Interesting listening to conf call y'day and more around Tanarra Capital's involvement in providing funding to the tune of $20mln replacing ASB's debt finance. There could be some corporate play in here with Tanarra amongst it.

[Nevl]

Tesla apparently is looking to get their own Chip making foundry, with Rakon's GPS crystals and the work done on the Perseverance Rover I think they should be marketing to Elon right now.

I can see a lot of synergy there and given they are super cheap for a chip manufacturer a bargain for Tesla.

[moimoi]

They have a 10 year runway of growth ahead of them and difficult to see how a modest divi would move the needle.

Rather they invest to capture the growth. Hard to find another NZX company in such a sweet spot of macro factors.

Significantly undervalued imo. Current market cap wouldn't even replace their high tech manufacturing machinery.

Just LOL @ Nvidia's PE ratio of 47.

[sb9]

They have a 10 year runway of growth ahead of them and difficult to see how a modest divi would move the needle.

Rather they invest to capture the growth. Hard to find another NZX company in such a sweet spot of macro factors.

Significantly undervalued imo. Current market cap wouldn't even replace their high tech manufacturing machinery.

Just LOL @ Nvidia's PE ratio of 47.

Couldn't agree more, if Robinsons and Board play their cards well here, them and shareholders could be in for big bonanza. CFO was very impressive on the call y'day. better than CEO Brent.

[sb9]

Nice to see Director buying a decent lot on market.

[Scrunch]

Nice to see Director buying a decent lot on market.

Yep

http://nzx-prod-s7fsd7f98s.s3-websit...551/347877.pdf

56,820 shares purchased at 88c then 92c. The 2020 annual report had her being paid $60k of director fees (before tax). Spending $52k on additional shares is therefore a useful vote of confidence.

She is also one of the independent's on the board.

[SPC]

Yes and no... haven't met many poor corporate Directors in my life. So some skin in the game yes, but a fairly light graze as opposed to serious flesh.
Given continuous disclosure I wouldn't read in too much here.