Rakon reported strong results today but the pièce de résistance was its dividend of 1.5c per share (roughly ~1.5% gross). We called for a dividend in our initiation of coverage on the company and we’re buoyed that management listened – we think this is crucial to unlocking shareholder value and valuing the stock at a multiple on par with its international peers....
Rakon is a NZ based manufacturer of frequency control chips which enable data transmission, particularly for satellites and the communications industry as a whole. The company forecasts HKEX:40 -43M of EBITDA for the FY23 and trades around 8x earnings. We think the company looks materially undervalued at 8x earnings, largely because the board has not declared a...
Nice little 3% run here not bad i am finding there def are plays on nzx takes from research thou
Buyers also coming in heavy here will see if resistance is pushed and support is held also have a long position i entry yesterday near closing
Rakon - Looks like it had a good day Fundamentals are not to bad, makes money, Revenue Growth -1.97 not the best but the trend has been strong, Net Profit up to Sept 30th $4,6m compared to $1.3 same time last year. See below for details. Quick Summary Board Market Screener: No Data Investing.com: Buy EMA - Trade: Buy Mv Ave -Trade: Buy Macd...