I opened a position on 27 November at $0.61 and intend to hold for a while.
If only my entry price was $0.61.....it's going to require a long hold to get a (potential) return. I think at your entry price, you will likely get a very good return.
interesting to see @ AMD's new data centre chip presentation today that they raised their view of the total addressable market in 2027 from $150B to $400B.
all will need synchronised timing solutions.
RAK em up..!
Looks like the buy side depth showing strength, perhaps all weak hands got taken out.
Well if it is a takeover offer you can probably bet it won't be anywhere like the circa $1.60 IPO price 16+ years ago.
Are we about to see the end of yet another sad chapter in public listings?.
My best guess is this commentery from the half year results recently:
Rakon continues to evaluate and consider acquisition opportunities to expand into the US market. This would provide access to top tier US customers through local manufacturing, strengthen existing customer relationhips and significantly increase RAK's Total addressable Market. Rakon is taking the necessary time to ensure any acquisition can be funded, integrated and is value accretive. Rakon is also focusing on organic expansion into the US, focussing on getting the appropriate market certifications underway.''
Rather a lot to say with some specificity unless something lying behind it, I thought.
Also the 31 October market release titled " Rakon launches Niku (TM) chip: AI Computing Product portfolio" is worth another read.
Why do the powers that be trade halt and then f*** around for hours with no news?
Almost certainly will come after market close today or before market open tomorrow. Fairest to all shareholders then, rather than release intra-day when many folk are working/have their attention elsewhere.
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