Bit of a bugger for those trades at open eh
Some might count themselves lucky ….
Printable View
IMBO (in my biased opinion), if RAK is removed from NZX, it will be doing NZ shareholders a favour. The ONLY beneficiaries of RAK over the past almost 20 years have been the Robinson family. Over this time RAK has only destroyed shareholder value chasing their various unicorns, raising cash to support hair brained investments that have never provided returns to shareholders. IoT anyone? Manufacturing in France? GPS chips. Indian manufacture
Good riddance (hopefully)
I think the market notice mentioned a third party? So my guess is an entity making an unsolicited buy in or take over/take out.
Rakon were talking acquisitions themselves, maybe they're being acquired instead? We'll see tomorrow?
Jeez $1.70 …take it quick
http://nzx-prod-s7fsd7f98s.s3-websit...277/409321.pdf
I'm not sure that the period after the "closing bell" as you put it is literally a "non-trading period" absent an actual trading halt. Brokers often cross shares after 5.00pm and report them to the market after, or before trading opens next trading day. And often trades occur after at the VWAP ( Volume Weighted Average Price calculated on that day's trades ) as fair between buyer and seller in circumstances. Presumably all these are prohibited under a trading halt in force. Would need to read the Rules applicable as to what brokers can do after hours as it were, but presumably the match pricing system is suspended without precluding brokers arranging trades (between their own clients?).
Well done Ron and others
Hope Board don’t stuff this up for you guys
Low today. 62 cents.
Currently $1.22.
Lucky buyers.
Unlucky sellers.
$1.70 ! so beats my IPO est by10c, heck take it and run like hell. If it happens..
Glad I held on. Was about to sell. Fingers crossed it goes through.