Any chance of Forbar or Jarden stuffing this up for shareholders by giving Rak some kind of Sky high valuation from their spreadsheets.
Printable View
Any chance of Forbar or Jarden stuffing this up for shareholders by giving Rak some kind of Sky high valuation from their spreadsheets.
2 days post big news, no further update from the company, so typical. Why don’t they either name the bidder or advise on progress or they’ve asked them to bugger off.
170 pennies must surely be of interest to Robinsons to sail into the sunset ? ;)
Or will this be another STU it over and then RAK off just when serious money gets waved around
How good are the RAK Boardroom Squatters when it comes to inflating the balloon and keeping it aloft at a
respectable height ? ;)
Jan 2022 saw SP north of 200, then things continued deflating badly to a mere 61 pennies by end Nov 2023
Mike Daniel stirring the Board up ….written to them …seems he’d take the offer
He said “Lorraine, in my lifetime, I have seen too many offers withdrawn due to directors’ delays caused by the need to justify their existence.”
Rakon board urged to gauge major shareholder appetite to sell
https://businessdesk.co.nz/article/m...petite-to-sell
Maybe paywalled
It appears market believes this offer is gone buggers, back to below buck soon.
Fancy going by no news & Mike Daniel making loud noises still producing no muffled stirrings in response - it must be looking like the potential suitor has been told to RAK off and the Ultimate Sale opportunity has disappeared into thin air ;)
How many years of painting pretty glowing pictures & basically only going somewhere very slowly has RAK clocked up now ? ;)
Perhaps word of a potential suitor at 170 pennies has destroyed someone's dreams of letting the Empire slide into the gap and then capable of being picked up very cheaply by existing or other friendly interests ? ;)
Enough to properly stuff the turkey before time in some circles and curry thoughts of dividend spit outs going forward ? ;)
Fair is fair .. it must be annoying to be NZX listed with these sort of petty pestly suitors springing forward out of the woodwork offering more than pocket money, showing up the Board on what things are worth & where they could be going, when the Board & entrenched stakeholders thought they owned the outfit outright and the rest of the suckers along for the ride were just unwanted passengers that could be ditched at will at any sort of price to get rid of them ;)
Update from Rakon re indicative proposal - they have formed a committee to review :)
https://www.nzx.com/announcements/423715
Guess they had to put out a statement to pretend they’re doing something, but in reality not really, but like yeah nah.
Doubt anything concrete will eventuate this side of Xmas. Take a break and relook at it Feb/Mar.