RAK Rakon

[Balance]

Hardly a surprise that the sp is in free fall towards 10 cents - Bryan Mogridge is on the board - Avoid!

[Hoop]

Brent Robinson of Rakon is one of the supposedly "visionary entrepreneurs" who are finalists in this year's Entrepreneur of the Year circus conducted by Ernst & Young........

A visionary can also be a person who can see mirages that others can't see and act upon them.

[Master98]

Their request for export grants can't be far away!

Sorry, I get lost, you mean rakon don't have export grants, can only sell goods in NZ?

[moimoi]

No, I meant that they will have their hands out for govt cash.

Too late Sparky...

The company reported as "other operating income" $5.9M in government grants in 2012.

[Balance]

Too late Sparky...

The company reported as "other operating income" $5.9M in government grants in 2012.

And they still cannot make decent returns?

Looks like a sunset stock.

[Master98]

Rakon supply products to Huawei for years, this is not new.

[The BOWMAN]

Huawei should just take over Rakon, with such a give away share price, it is cheaper than the office coffee money.

[Balance]

Good on Rakon if this deal is for real and can turn the fortunes of the company around.

NZ needs companies to do well - so all power to them.

I just hope that the LOI is for real and follow through to a real deal or them.

[Master98]

Good on Rakon if this deal is for real and can turn the fortunes of the company around.

NZ needs companies to do well - so all power to them.

I just hope that the LOI is for real and follow through to a real deal or them.

Exactly.

Rakon up 20% this morning - Mr Market likes the news.

will cool down, as i said this news is not new, Huawei is not their new customer, this deal already included in their revenue.

[Balance]

Can you explain what you mean by this? As far as I can see Rakon has not come out and said they have signed a deal with a "new" customer. Secondly, and correct me if I am wrong, but an existing customer signing a LOI which quadruples sales over the next five years IS "new news" is it not? The market is certainly treating it as new news and I fail to see how "this deal already included in their revenue", actually I'm not even sure I understand what you mean here.

Sadly, a LOI with a China company is not worth the paper it is written on - I think that is what Master98 is referring to.

I tend to agree but hope for the best for Rakon. We do need NZ companies to do well.