RAK Rakon

[Hoop]

Baby dogs?

giggle ..giggle....laugh..splutter..choke...coughcough .. ... Loved it

[Balance]

giggle ..giggle....laugh..splutter..choke...coughcough .. ... Loved it

Notice how it's not 'puppies' but 'baby dogs'?

Only way to describe how Rakon has turned itself into a disaster.

[Dej]

They are sustaining 41c - I cant put my finger on why. Must be past faith in the company? There was a time when they were a company NZ was proud of (eg all over the news)

[ak1261]

One rescue option is to get Chinese Huawei to buy some of RAK.

[Balance]

One rescue option is to get Chinese Huawei to buy some of RAK.

Why would Hauwei want to own Rakon when it can obtain Rakon's products at cost?

Note that there's been no follow up on the big hoopla announcement nearly 4 months ago of the US$56m Huawei contract. In fact, there was deafening silence from the directors and management in their November update to shareholders.

Anyone who ever deals with the China Chinese knows that a LOI means absolutely nothing. It usually means giving the Chinese access to confidential information!

[Balance]

I see that Bryan Mogridge has been acknowledged in NBR's Shoeshine Awards of 2012.

[Balance]

I presume you mean acknowledged in the sense that he was criticised for bad and non-performance in his roles at Rakon and PGC?

But of course, STC.

And Georgie came in for special mention as well.

[lowrolling]

Downward revision of forecast... constantly disappointing

[Balance]

Downward revision of forecast... constantly disappointing

25% to 43% profit downgrade.

From $14m to $16m, down to $8m to $12m.

Delayed sales program and decline in margins!

What next? Their products are now officially acknowledged by the board and management as commodities?

Just like with all electronic products where there's ongoing price deflation and increased production and competition?

Whatever happened to that big hoopla Huawei deal?

[Balance]

I have said it before "price takers, not price makers".

http://www.sharetrader.co.nz/showthr...l=1#post385412

It seems a bit of gallows humour, but congrats to those who got out at 45c.

The $10m of savings is cruel hope. Bet it won't include Mogridge or any Robinsons for staff reductions. Replacing the failing management and directors would be a far better outcome than the bulk of the planned savings which, I note, are due to be implemented by April Fools Day.

Suspect the company is going to have to raise some capital soon.

Any word leaking out will see the sp down to 20 cents.

The company's position looks terminal unless something drastic is done and Mr George Mogridge will not be able to reverse the company's fortunes. Oops - I mean Bryan Kerr. No - I mean Bryan 'NBR award' winning Mogridge.

BTW - NBR awarded Mogridge's mate, George, the award of "Flash Harry Yellow Belly Tail Between The Legs" award - or something like that.