Sometimes we do write off things too early eh Balance
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Still too early to say they've turned the corner, until they achieve normalized operating profit, it still bleeding.
Rakon shares climb as profits loom
http://www.nzherald.co.nz/business/n...ectid=11358039
with a nice picture of Brent himself
AMAZING!!!
For all the bluff and bluster about the fireign exchange rate being a huge headwind, it's over 15% decline in USD terms has resulted in less than a 3% boost EBITDA (Earnings Before I Tricked the Dumb Accountant)!
Massive staff cuts and a wholesale exit from an expanding market.
An awesome result in revenue reduction as well.
Can see how the reporters were tricked into repoeting positively with the spin these guys put out and reporters not actually reading (or understanding) the full results.
You're not fooling anyone (on here) Robinsons...
That Rosetta mothership and the little thing that landed on the comet has some Rakon crystals on board.
Amazing, how exciting
Some serious buying interest kicking into Rakon.
Looks like 2 big buyers - one 200k order came in last minute to take out all the stock on offer from 36c to 36.5c, leaving the buyer of 75k at 36.5c unfilled.