Rakon has climbed over 3c now in roughly in 10 trading sessions.. Dead cat bounce?
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Rakon has climbed over 3c now in roughly in 10 trading sessions.. Dead cat bounce?
Are we ready for another takeover ?
Yearly high today 25.5c.
Anyone noticing? :confused:
15 month high today are we in for some exciting times ??
Rakon's present situation....
Positives:
Refreshed board(just one Robinson left)...
Siward paid37c a share to invest USD10m(it is a listed company in Taiwan)
Close to $1M profit in IH17
Thinxtra's payment due.
12M EBITA forecast for FH17
Negatives
Stigma....Proven negativity of broken promises for ages.....
I am not a punter winner but a keen watcher of this stock.As always "you never know whats in store"
Surprised this one has trickled down into 18c territory - I bought a few sub 20c
Surely there is a couple of million profit to be announced in the next month - maybe a dribble of a dividend too
It appears to have a general slightly negative trend that has been offset by spikes upwards as good news has been released. It may well spike upwards when the annual result is released. Imo they need repeated good results to get some confidence back in management and thereby support a higher share price.
Their last announcement was in my view negative as they had one off france property sale gains as part of the returning to profit forecast. What does the result look like when this one-off is removed?
There was a sniff of a wee dividend in the air until they announced the proposed US$5.5M buy-out of the Centum Joint Venture partner in India.