Haha oh dear. Box of chocolates…
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Just normal 'oscillations' with this stock.
I think it’s just a breather and the rise to $2 will continue. Still good volume. I’m expecting some disclosure notices coming out soon.
Heard that RAK current share price still shy of the $1.60 initial public offering price back in 2006 and well off the $5.80 peak a year later.
So not really blue sky ahead - its been there before - just recovering its former glory
Is a dividend on the horizon yet .. or still too soon ? ;)
They pretty much committed to paying one (at year end) if they met guidance they pointed to at the beginning of the year. They have now upgraded guidance again so I’d say its coming.
As to why - well its not something tech companies typically do, but it signals the corner has turned, that the board has listened to calls from shareholders, and perhaps a new chapter in the life of Rakom.
At least they have 11m of imputation credits