Tomorrow is Rakon's 1st anniversary as a listed company...?
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Tomorrow is Rakon's 1st anniversary as a listed company...?
Conference call is going well, cell phone manfs are going towards autonomous solutions supplying MOT [due to announce new prods this week}.
Moving manufacturing to China to reduce cost and to be close to manufactures and suppliers.
Work closely with customers to match supply with demand.
Competitors competing on price reducing margins.
High Kiwi dollar impacts on EBITDA around $1.5m per c. Full year 2008 forecast dollar rate is 68c.
No plans to list on NASDAQ.
Overall very positive, looks like they will continue to enjoy strong growth for a while yet.
http://www.stuff.co.nz/4060389a13.html
Hooray!!:D
Now why have Fisher Funds reduced their holding in RAK from over 10% to just a little under? To remove a possible hindrance to someone mounting a takeover? Seems highly unlikely. They don't usually operate like this, or engage in selling off slivers by way of profit-taking, such is their faith in the future of the relatively small number of companies in which they invest. (For instance, I thought they might have reduced their holding of RYM to within their 20% self-imposed limit for any one stock, held by KFL, but I think they are still slightly over with that stock).
Anyone care to have a guess at what Carmel might be up to - preferably an educated guess!
Most unusual for KFL but FF reduced by about 1% not KFL necessarily. But my "guess" is freeing up funds for increasing FF stake in SLG which was rocketing up. Perhaps Carmel thought SLG appeared to have the better prospects at the time as a takeover.
Possibly a mistake in hindsite? [V]
Colin, I noticed the same.Rak and SLG make up the backbone of my portfolio. At a guess I would say they are removing a possible impediment to takeover [u]interest</u> rather than to any specific company or bid. A company like this is like all of us, keen o own a share of likely or possible takeovers.
A simple explanation is a little bit of portfolio rebalancing.
Come off it, Hairdresser. Conspiracy theories and crystal ball gazing are much more fun than common sense ;)
I had a call to buy some today from Craigs ...they had a placement to pass on...they must have got them at a good price probably about $5...I passed over ..have enough
Doesn't seem as though the size of this unwanted placement is too great, otherwise the market price would be depressed by the "overhang" effect. Presumably it was a true placement (from the earlier new share issue) and not just trying to find longer-term homes for the shares that Carmel has dumped?Quote:
quote:Originally posted by redzone
I had a call to buy some today from Craigs ...they had a placement to pass on...they must have got them at a good price probably about $5...I passed over ..have enough