RAK Rakon

[Rawz]

NO Chatham Rock went up 35% today !!

Oh yes true. ASB dont have it in their 'Biggest Gains' list.. wonder why

FY results out tomorrow. Key points would be Maiden divvy as outlined by Board at last year ASM and more importantly outlook in relation to supply chain challenges.
If favorable on both counts, could quickly blow past $2 mark.
I still feel there’s an outside chance that this will be gobbled up by a global chip giant provided Robinson family back the deal.

The chip shortage apparently has years to run aye. I am interested to see how the defense side of their business is going.. with Europe re-arming itself RAK could be a big benefactor that fly's under the radar

A takeover is on the cards. RAK quite cheap!

[Waltzing]

Yes this wonderful little company that doesnt get the attention its deserves (rest home being the action drama they all follow) is looking a very tempting investment... not long now..

The new plant in India is of interest.

Europe not just Arming up but more like national service coming back into fashion.

Cant wait to get back to Sweden next year and see the action live on the ground.

[Mel]

FY results out tomorrow. Key points would be Maiden divvy as outlined by Board at last year ASM and more importantly outlook in relation to supply chain challenges.
If favorable on both counts, could quickly blow past $2 mark.
I still feel there’s an outside chance that this will be gobbled up by a global chip giant provided Robinson family back the deal.

There was good volume traded at ~$2.20 in January 2022, so I think it's only a matter of time before this high is exceeded - lots of +ve's on the horizon!

[Sideshow Bob]

Rakon reports record earnings performance, EBITDA up 32% - NZX, New Zealand’s Exchange

AUDITED RESULTS FOR THE FULL YEAR TO 31 MARCH 2022
Rakon reports record earnings performance, EBITDA up 132%
Highlights:
Revenue $172.0m (FY21 : $128.3m)
Underlying EBITDA more than doubles to $54.4m (FY21: $23.5m)
Net profit after tax $33.1m (FY21: $9.6m)
Sustained core market growth, particularly 5G and industrial positioning
Significant new opportunities captured from worldwide chip shortage
Record delivery despite global supply chain disruptions and materials shortages
New dividend policy announced

[Waltzing]

"lots of +ve's on the horizon!"

actually while that is true its the metals that are apparently becoming harder to source and more expensive slowing the roll out.

Well report shows promise.

"He said raw material supply has remained tight, resulting in extended lead
times and price increases. "Capacity constraints, allocations and rising
prices from suppliers unfortunately remain the norm, and we continue to work
hard to mitigate risks around procurement of materials and actively manage
higher levels of inventory."


could find this coming year harder going. Bit of a one off year performance?

No Dividend as they want all the GOLD for R&D and to grow the GOLD pile...

No Gold for share holders... NONE..

Might as well buy MR B's TRA.... old bangers that pay out GOLD..

Nvidia Down in the after market. Tech getting a savage rerating on the NAS.

[Mammoth]

Stunning result!! However, a dividend announcement about no dividends....'our dividend policy is we're reinvesting the lot'. A good chuck of reinvest makes perfect sense but would have liked the shareholders to have got thrown a bone, or at least a chicken wing.

[Waltzing]

" thrown a bone, or at least a chicken wing."

yep something to at least buy some KFC's ... more than one ...

[Rawz]

Trading on a P/E of 11.3
Or excluding the TCXO chip shortage it is trading on a P/E of 18.8

5 year revenue CAGR is 14% Solid!!!
But if you exclude the TCXO chip shortage its 7%

They have 4 core markets and only Telecommunications has a solid trend line. The other 3 are patchy up and down on the 5 year revenue trend

No dividend. $23m in the bank.

I am a holder. Its a good result but not outstanding. I have no idea how this sticky this TXCO chip shortage business they are getting is going to be once that big factory that burnt down in Taiwan or Korea (or wherever it was) is rebuilt and starts producing again. If RAK can hold onto those customers then its cheap as.

New management. New chair. Dont know anything about them.

What's everyone else's thoughts?

[Waltzing]

Can understand why MR B buys old Bangers and makes money. Much simpler business model.

Most of the investing public has no idea what and how you manufacture a crystal oscillator .

Heck until this company starting making some interesting profits recently had no interest in Difference Between TCXO and OCXO

where and how the product was used and where it markets were.

[Walter]

Trading on a P/E of 11.3
Or excluding the TCXO chip shortage it is trading on a P/E of 18.8

5 year revenue CAGR is 14% Solid!!!
But if you exclude the TCXO chip shortage its 7%

They have 4 core markets and only Telecommunications has a solid trend line. The other 3 are patchy up and down on the 5 year revenue trend

No dividend. $23m in the bank.

I am a holder. Its a good result but not outstanding. I have no idea how this sticky this TXCO chip shortage business they are getting is going to be once that big factory that burnt down in Taiwan or Korea (or wherever it was) is rebuilt and starts producing again. If RAK can hold onto those customers then its cheap as.

New management. New chair. Dont know anything about them.

What's everyone else's thoughts?

Positioning revenue down as a deliberate strategy to chase margin. Trend should be up from now on.
The high margin Space/Defense should have turned the corner now, I would not be surprised to see it up 50% this year.
There has been a deliberate strategy to move away from the Robinson family management as that was perceived as a negative.