Totally agree and voted no. I've never been impressed with the governance of RAK particularly when it was Robinson heavy(ier). It's been a virtuace circle for Dirs and Executives especially when some are both, while holders have been forgotten.
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Totally agree and voted no. I've never been impressed with the governance of RAK particularly when it was Robinson heavy(ier). It's been a virtuace circle for Dirs and Executives especially when some are both, while holders have been forgotten.
If your waiting for a dividend have you considered that you may have invested in the wrong company...?
Possible divvy for FY22 all going well and guidance tracking at top end. $1 here we come, me thinks.
It was rather subdued I must say.
Meeting just concluded and my thoughts:
- Solid outlook and they're in great shape for next few years
- Seem to have learned from their yester years mistakes and are being very nimble and conservative
- Impressed with Brent's technical knowledge, he sure know his stuff- full marks to him (wasn't thinking very high of him before this)
- Shareholders present at meeting in person sounded very happy with progress and acknowledged that with a round of applause
Some good points came out today. It was announced that current trading is at the upper end of guidance and yes we have a promise of a dividend, subject to capex and the usual stuff. This chip shortage is going to last a while and by the sound of it Rakon have gained significant forward orders. In conclusion I think the best is yet to come so hold on.
The best is yet to come...yes I can't really argue with that ..
This is the cheapest stock on NZX
EBITDA multiple of 6.7:1 on "highly achievable" guidance of 32mil
Their patented gear is used in Amazon's, Google's data centres, every Tesla car, every driverless John Deere tractor... the list goes on
Fill your boots