RAK Rakon

[cdonald]

So...Results time tomorrow...Wondering what would be the "excuse" this time!

The results are nothing short of terrible. Blaming sluggish demand again. Then when you look on page two is says that Rakon is a leader in their field. Might suggest that they spend a bit of money on slug slam as they are obviously standing in the wrong field and they have a pest problem. Time for the "management" to leave and hand the company on to someone who knows what they are doing.

[cdonald]

http://www.rakon.com/component/docma...cement?Itemid=

[BlackPeter]

http://www.rakon.com/component/docma...cement?Itemid=

Sad ... looks like RAK missed the boat big time, there is a price to pay for a board too busy in looking after family interests instead of after the company.

As a side note - they are not even capable of correctly completing their reporting templates:

Attachment 8452

Not that it really matters - but wouldn't the correct notation for their loss according to their own template be "(5,698)" instead of "-5,698"? I agree, it does not look better, but it would be an indication whether whoever filled out the form would be able of reading and following simple instructions.

Anyway - if they still manage to install a better board before they do the WYN thing ... these guys (and maybe gals) will have a hell of a job ahead of them. I don't envy anybody getting on this board ...

[JayRiggs]

With early H2 orders turning higher, the Company is forecasting H2 revenue to be up 12%-15% on H1.

Absolutely do not believe them. Expecting this revenue forecast to be downgraded. No credibility with these muppets.

[carrom74]

And the surprising part of it is that there are still buy orders of more than 700000 shares....Do people still believe in this company? Clueless...

[Sgt Pepper]

[QUOTE=carrom74;645137]And the surprising part of it is that there are still buy orders of more than 700000 shares....Do people still believe in this company? Clueless...[/QUOT


Wow from $6.00 per share and nzx darling in 2008 to 17 cents today

[GTM 3442]

[QUOTE=Sgt Pepper;645162]

And the surprising part of it is that there are still buy orders of more than 700000 shares....Do people still believe in this company? Clueless...[/QUOT


Wow from $6.00 per share and nzx darling in 2008 to 17 cents today

I understand it wasn't easy. Took a lot of effort. . .

[Baa_Baa]

[QUOTE=Sgt Pepper;645162]

And the surprising part of it is that there are still buy orders of more than 700000 shares....Do people still believe in this company? Clueless...[/QUOT


Wow from $6.00 per share and nzx darling in 2008 to 17 cents today

If it cost them less than .17 then of course they'll still be selling to the hapless, regardless of the company situation, and particularly so if it's truely fecked and the exit is not obvious to the majority. Lies and untruths grease the wheels of fortune and disconnection from past and previous misdemeanours.

[Sideshow Bob]

http://www.nzherald.co.nz/business/n...ectid=11770099

"Shot in the Arm" rather than shooting themselves in the foot..........

[xafalcon]

http://www.nzherald.co.nz/business/n...ectid=11770099

"Shot in the Arm" rather than shooting themselves in the foot..........

Much more likely to be akin to giving a terminal patient a new recliner chair - palliative care, but doesn't change the outcome

Nice opportunity for those that picked up shares at recent levels to make a nice % gain though