Nothing new but bit more Media coverage for Rakon
https://www.rnz.co.nz/programmes/the...niche-business
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Nothing new but bit more Media coverage for Rakon
https://www.rnz.co.nz/programmes/the...niche-business
Nice to move...Sinan as new CEO from next year,
Rakon (NZX: RAK), an international leader in frequency control and timing solutions, today announces Chief Operating Officer Dr Sinan Altug will succeed Brent Robinson as Rakon’s Chief Executive Officer from 1 April 2022.
To be fair, the encouraging post covid turnaround in Rakon's business has occurred under Brent Robertson's leadership... with that said, I for one an delighted with this move away from the Roberson family which is essential for the company to continue to make progress. Thought there might be an immediate positive share price reaction... but not yet.
Rakon has been one of the standouts on the NZX this year. I cant help wondering with the ceo change that Rakon are preparing for the eventual takeover. I for one think 2022 will be another great year with double digit returns for shareholders. Well done to holders
Forbar the first to start coverage with$2.26 tp on pe 22 of 13.2
ValuationA Discounted Cash Flow (DCF) approach, supported by a comparables analysis, drives our NZ$2.26 per share spot valuation for RAK. Post the temporary COVID-19 related earnings uplift in FY22, this equates to 13.8x EV/EBITDA on our underlying FY23 earnings estimate. Key to forecasting earnings over the next year is RAK’s ability to:
Secure key components (especially in the 4Q22) to satisfy client orders Drive 5G revenue growth
Add manufacturing capacity in India
Gain market acceptance of its new LEO satellite
The Kiwi tech company whose share price is being picked to rise sharply
https://www.nzherald.co.nz/business/...C5D4TE24R243Y/